For workers in the Mexican formal sector who began contributing on July 1, 1997 your Afore account is key for when they retire, since their pension.
Under this understanding, the official Mexican authorities have announced that There is a procedure in the Afore account that Mexican workers in the formal sector should avoid carrying outwhat is it about?
Load content
{{title}}
{{/main}}
According to what has been warned, the procedure that workers in the formal sector of Mexico should avoid carrying out in their Afore account is the unemployment retirementand the fact is that, if applicable, the Mexican Social Security Institute (IMSS) will proceed to make a discount on the weeks contributed, which will be proportional to the amounts of resources withdrawn from the retirement subaccount.
The above means that it may be the case that Mexican workers fail to reach the number of weeks quoted that are required to be able to retire in the IMSS.
“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 a withdrawal is made due to unemployment. If workers do not reach the number of weeks they have contributed, they will not be able to access a pension,” it is detailed on the Afore Coppel.
However, it is worth noting that the weeks of contributions subtracted by the withdrawal of money from the Afore unemployment account can be recovered by making partial or total contributions to the subaccount.
Requirements
Finally, it should be considered that the following are the general requirements to make a partial withdrawal from the Afore account in case of 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.
- The best Amazon promotions? Click on this link.
#PROCEDURE #AFORE #account
