Those workers who have begun to contribute in the Mexican formal sector, either in the Mexican Social Security Institute (IMSS) or the Institute of Security and Social Services of State Workers (ISSSTE), as of July 1, 1997 depend on the amount accumulated in your account Afore for your retirementthat is, for the pension they will receive when they retire.
In this context, although it is true that the Retirement Fund Administrators (Afore) allow workers in the Mexican formal sector withdraw money from your account before withdrawing from the formal market, you must be careful with these operations.
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One of the concepts of early withdrawal from the Afore account is unemploymentalthough it is not recommended to carry out this procedure because it would affect the total amount of the pension that the person would be receiving.
And, in accordance with current regulations, when the worker requests a withdrawal from his Afore account due to unemployment, the weeks of contributions that you had until that moment are reduced.
It is in this way that the weeks contributed to the Mexican Social Security Institute (IMSS) and the Institute of Security and Social Services of State Workers (ISSSTE) that will decrease from the Afore They will be proportional to the amount granted to the worker in the formal sector for unemployment.
“Although making partial withdrawals due to unemployment is a right of workers, it is very important that workers consider that this will represent a decrease in the balance of their retirement savings. On the other hand, these partial withdrawals also negatively affect the weeks of contributions since weeks of contributions are deducted each time an unemployment withdrawal is made. If workers do not reach the number of weeks they have contributed, they will not be able to access a pension,” it is stated on the Afore Coppel page.
It is in this way that when processing a withdrawal of money from the Afore account for unemployment, the A working person in the Mexican formal sector could not reach the weeks required to be able to retire.
However, it should not be overlooked that the worker may replace the weeks that have been reduced by requesting a withdrawal from the Afore account for unemployment as long as he works the required hours for this.
Requirements
Finally, we leave you the requirements so that a worker can request a withdrawal of money from his Afore account due to unemployment:
*Have been unemployed for at least 46 days.
*Have an Individual Account registered in an Afore.
*Not having exercised this right during the 5 years prior to the procedure.
*Have an updated Worker Identification File and a Biometric Enrollment of the worker.
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