Welfare Pension Fund: Can you claim the money from your Afore if it has already been transferred?

According to the decree published in the Official Gazette of the Federation (DOF), starting next July 1, 2024, retirees will begin to receive more money in their pensions, either from the Mexican Social Security Institute (IMSS) or the Institute of Security and Social Services of State Workers (ISSSTE), by the Pension Fund for Welfare.

Under this understanding, and because a good part of the resources of the Pension Fund for Wellbeing comes from the inactive Afores accounts of workers in the formal sector, one of the most frequent doubts they have regarding this trust is whether, if the resources have already been transferred, they can claim them.

In this sense, according to the official website of the Institute of the National Housing Fund for Workers (Infonavit), In no case will the Afore and Infonavit account holder lose the right to claim the resources that have already been transferred to the Pension Fund for Wellbeing.

“The resources of the Afore are the assets of the workers; the right to claim them is never lost. The money in the retirement savings account is safe and can be requested by the owner or his beneficiaries at any time,” details the Institute on the web portal.

In this sense, not only the Afore or Infonavit account holder may request the resources of these savings, but also those who have been named as beneficiaries of these accounts.

“You or the people you designated as beneficiaries can request the return of the resources, because they do not lose the right to claim them; it is always possible to have them,” it is noted.

Meanwhile, for those wondering where to request the resources that have already become part of the Pension Fund for Wellbeing, it is noted that at the IMSS, ISSSTE and Infonavit windows.

“Directly at the IMSS, ISSSTE or Infonavit one-stop shop. The service windows in these institutes began to operate on May 16 of this year, with the purpose of providing guidance to workers,” it is indicated.

Finally, it is worth remembering that they will be the retirees with a pension of up to 16,777 pesos per month those who will receive more money from the Pension Fund, coupled with the fact that they will have to be under the Law of 97, in the case of the IMSS, and the individual account regime, in the case of the ISSSTE.

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