What do I need to retire under Law 73 of the IMSS?

Do you want to know what is needed to retire under Law 73 of the IMSS? The following: Be at least 60 years old at the time of applying for the pension for Unemployment at an advanced age or 65 years for old age pension, having dropped out of the Mandatory Regime of the Social Security Law, being without paid employment, having at least 500 weeks of contributions to the IMSS and being within the period of conservation of rights. But we are going to explain it to you in more detail.

It should be considered that the pension from the Mexican Social Security Institute (IMSS) It is an economic benefit granted to affiliated workers. Currently, there are two types of pension: the first, under Law 73, offers a lifetime pensionand the second, based on savings in the Afore, applies to those who contribute under the Social Security Law of 1997.

What do you need to know to start your pension process under Law 73 of the IMSS?

1. Check if you belong to Social Security Law 73

In Mexico, the Social Security Law of 1973 benefits workers who began contributing before July 1, 1997. Those under this regime are entitled to a monthly pension for life if they meet the requirements established by the IMSS.

2. Requirements to retire under Law 73:

Now, to retire under this law, workers must meet the following requirements:

• Be at least 60 years old at the time of applying for the Late Age Unemployment pension or 65 years old for the Old Age pension.
• Having been removed from the Mandatory Regime of the Social Security Law.
• Being without paid employment.
• Have at least 500 weeks of contributions to the IMSS.
• Be within the rights conservation period.
• Documents necessary to request the pension

It should be noted that, to begin the pension process under Law 73, it is necessary to gather the following documents:

• Valid official identification with photograph and signature: It can be the voting credential (INE), professional ID, passport, military service record, personal identity card, naturalization letter or the ADIMSS credential.
• Social Security Number (NSS): Available on the IMSS digital services page with your CURP and an email address.
• Afore account statement: Requested directly from the Afore that manages your individual account, with a maximum delivery time of five business days.
• Original birth certificate or updated certified copy: Obtainable at treasury kiosks, municipal offices or online, paying the cost of the service depending on the state of the Republic.
• Unique Population Registration Code (CURP): Available on the RENAPO site.
• Federal Taxpayer Registry (RFC): Searchable online on the SAT portal using your CURP.
• Bank account statement with CLABE: Requested at the bank branch or online from the financial institution’s mobile application.
• Proof of address: It must be less than three months old and can be a property receipt, telephone account statement, water, electricity or gas consumption receipt.

3. Start the pension process:

Once the requirements have been met and the documents have been collected, the pension process can begin with the IMSS.

4. Calculation of pension under Law 73:

To calculate the IMSS pension under Law 73, it is necessary to consider four factors:

• Year of contribution start: Determines the Social Security Law regime to which you belong.
• Number of weeks contributed: A greater number of weeks contributed results in a higher pension amount. You can request the Certificate of Quoted Weeks online to know your history.
• Average monthly salary in the last 5 years of contributions: A higher average salary increases the amount of the pension. This average is based on the base salary registered with the IMSS, which may differ from the actual salary received.

As you can see, Law 73 of the IMSS offers a lifetime pension to workers who meet the requirements of age, weeks of contributions and necessary documents.

It should be noted that the application process requires a series of steps and documentation, but it ensures a source of monthly income during retirement.

From all of the above, it is clear that it is important to stay informed and comply with all the requirements to ensure a smooth transition to the pension.

Journalist with more than 15 years of experience in print and digital publications. I am currently editor of Debate.com.mx. I have a degree in Communication Sciences. I have covered diverse information sources, especially from the business areas. I usually write about personal finances, retirement, pensions, IMSS, employment, money, currencies, credits, entrepreneurship, insurance, technology, science and scientific studies in areas such as health. I like social networks, reading about marketing, SEO and literature, especially topics of politics and history. In 2018 I had to start mibolsillo.com and since then I have ventured into digital journalism.

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