:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/elfinanciero/OWWASJKKAFFFBCZK4ZCMWXXXLQ.jpeg?w=1440&resize=1440,810&ssl=1)
Business representatives and experts accused that they were not consulted In the discussions prior to the approval of the Welfare Pension Fund, whose initial resources could come from 4 and 2.2 million inactive accounts of workers who contributed to the Afores and the Infonavitrespectively, and that they have not claimed that money for retirement.
Jose Medina Morapresident of the Employers’ Confederation of the Republic (Coparmex), which represents more than 36 thousand companies, said in an interview that the Pension Fund ‘it is not the appropriate path’ and could lead to various unconstitutionality actions before the Court.
“The initiative has already been approved, but we consider that it has elements of unconstitutionality and we await the Court’s resolution in that regard,” he added.
He explained that, in the specific case of Infonavit, the transfer of resources from inactive accounts managed by the institute is illegal by touching the savings of workers.
He highlighted that for the creation of the new pension fund A transfer of worker resources of more than 40 billion pesos is estimated.
President Andrés Manuel López Obrador yesterday signed the decree that creates the Pension Fund for Wellbeing, which according to The Treasury will require 130 billion pesos to finance itself in its first decade.
It is expected that by July 1, workers will be able to access their pension supplement.
“We have this concern regarding Infonavit, because it concerns the resources of the housing subaccount that, although they are part of what constitutes the Afores, these resources are managed directly by Infonavit,” said Juvenal Lobato, representative of the Afores. Coparmex before Collegiate Bodies of Infonavit.
One of the main concerns is not the origin of said resources, but the administration that the government will give to this money.
“The narrative that worries us is the transfer, transmission or transfer of the administration of those resources,” Lobato warned.
He added that The reform directly impacts the contributions made by more than 1.2 million employers to the housing subaccount and which Infonavit must manage.
Fernando Soto-Haygeneral director of Tu Hipoteca Fácil stated that the entry into force of the decree to create the Pension Fund “It is a theft of resources that do not belong to the Federation”by touching the savings of workers in the Afores and the housing subaccount for more than 70 years.
The businessman questioned the misuse that could be given to said resources in the future without adequate control.
“Although it is guaranteed in quotes, these resources do not are not even remotely sufficient for the purposes for which they are supposedly creating“They are pulling it to cover holes in the unviable projects that they decided to build in this six-year term,” he said.
Although the government insists that these savings from inactive accounts will not affect the workers’ fund, Some business representatives denounce that the reform could be unconstitutional.
“Its objective cannot be achieved at the expense of individual guarantees and social rights already won by workers, what can be expected is that in this instance this attempt to flagrantly unconstitutional theft of resources will be reversed.” individual and non-transferable property of saved resources,” commented Patricio Flores Sandoval, general secretary of the Union of Television and Radio, Similar and Related Workers and Artists of the Mexican Republic (Sitatyr) and representative of the labor sector.
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/elfinanciero/OWWASJKKAFFFBCZK4ZCMWXXXLQ.jpeg)
Regulatory committee formed
Infonavit will be part of the institutions and state secretariats that will make up the Technical Committee of the Pension Fund for Wellbeingtogether with the secretariats of Treasury and Public CreditGovernment, Labor and Social Security, as well as the IMSS, the ISSSTE, Consar and the Bank of Mexico who will operate the fund, Luisa María Alcalde, Secretary of the Interior, reported in a ‘morning’ press conference.
“These institutions must issue their operating rules and the investment regime that will guarantee sustained savings that generate returns in the future,” said Infonavit, directed by Carlos Martínez Velázquez.
The government assured that for the first fortnight of June the Afores, the IMSS, ISSSTE, Infonavit and the INDEP, as well as other sources of financing “They must transfer the resources to the fund so that workers can access their complement on the first day of July of this year,” the Institute stated.
In mid-May the IMSS, the ISSSTE, Infonavit and the Afores will open a single window to inform pensioned workers about the reform.
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/elfinanciero/OWWASJKKAFFFBCZK4ZCMWXXXLQ.jpeg?w=1200&resize=1200,0&ssl=1&description=Coparmex+questions+Pension+Fund+for+Wellbeing+%E2%80%93+El+Financiero){kind=link}