'Those who steal are others': AMLO affirms that AFORES will not steal or expropriate; explain initiative

He President Andrés Manuel López Obrador stated in his La Mañanera conference this Friday that the AFORES will not be stolen because “those who steal are others.”

“Today we will talk about the AFORES, they will not be stolen or expropriated, those who steal are others”, he noted at the beginning of his morning conference.

AMLO referred to Morena's pension reform initiative, which seeks create the Pension Fund for Wellbeing, and has generated many doubts in the population.

President López Obrador said that there are terms that should be clarified, such as “prescribe”because it is not understood, which means that whoever has a deposit will always have the right to claim it, they do not lose the right, however, that money that is not claimed must be taken care of by the IMSS, he explained.

For her part, Luisa Alcalde Luján, head of the Interior, explained that since the 1997 reformthe pension was no longer based on the salary but on the worker's savings, going from 100% to 10%.

With the 2007 reformthe age requirement for access was introduced and with that of 2020 The weeks of contributions were reduced from 1,250 to 750 weeks of contributions.

While the new reform of 2024promoted by Morena, seeks to guarantee that workers get 100% pension from your last salary and is aimed at benefiting IMSS and ISSSTE workers who began working after the 1997 regime and who are in the individual accounts regime.

Pension Fund for Welfare

Carlos Martínez, head of INFONAVIT, highlighted three points:

1. The Pension Fund for Welfare will be a trust administered by the Treasury.
2. The fund will have a Technical Council for its operation.
3. Fund resources They will not be part of the Budget and they may only be used to pay pensions or workers' resources.

“Return to the people what was stolen, today they are robbing the people of what they earned,” President AMLO summarized the 2024 reform initiative to the pension system.

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