With the approval of the creation of the Pension Fund for WellbeingAfore users were left with doubts regarding the taking of income from certain accounts, wondering if they were going to take their money.
In the early hours of Tuesday, April 23, the measure with which the creation was approved in the Chamber of Deputies was approved, which caused the opposition to raise strong complaints as well as the threat that they would defend the resources in the Supreme Court of Justice of the Nation (SCJN) and the request to citizens that They will take all the money out of your accounts.
The Ministry of Finance and Public Credit and the Mexican Association of Afores supported the creation of the fund, ensuring that money would only be taken from 5 percent of the accounts, which would be inactive.
You may be wondering: will they take my money if my account is inactive? The truth is that it is unlikely; However, there are experts who provided The financial some tips to reactivate your account and alleviate any uncertainty regarding your retirement savings.
This is how you can reactivate your afore
An inactive account is defined as one that has not had any movements due to quota deposits and contributions during the period of one calendar year, which is counted from the last deposit made.
For reactivate an account again in the IMSSthere are several ways:
- One of them is that the worker or the owner of the individual account quote again with a pattern.
- Hire voluntary insurance modality 40 in which the Institute acts as if it were the employer and This is the one who will be making contributions. to the account holder, by voluntarily paying the insurance, shared Gerardo Chavarría, methodology and commercial advisory manager at Afore SURA.
“Recently there is a new way of doing the reactivation and it is through contracting modality 10 in Social SecurityAnd here too The same Institute is responsible for making the contributions. to retirement, unemployment and old-age insurance, and acts as if he were the boss,” he added.
However, Fernanda Amaro Reyes, a lawyer specializing in retirement issues and partner at Cicocen Consultores, noted that these types of reactivation modalities only apply to the population that entered the Law 73 pension schemeso those who began to contribute under Law 97 could only reactivate their account returning to work with an employer that contributes or they contribute voluntarily.
“For reactivate the account through voluntary savings People can make biweekly or monthly deposits depending on your economic capabilities as it is an individual and personalized savings,” explained the expert.
The Mexican Association of Administrators of Retirement Funds (Amafore) points out that if a person believes that their Afore account, or that of a family member, even if they have already died, is inactive, can confirm this information through the Afore Web application or contact SARTEL (55 1328 5000) with your CURP and social security number at hand to obtain the appropriate guidance.
“We have to call that phone number and the person who will answer us on the other side He is obviously going to ask us for information about our family member. for be able to locate what your Afore is. Once we know, that is where we require the support of a specialist to help us begin the corresponding procedures and be able to obtain the money from those accounts that have remained inactive,” added Amaro Reyes.
The Association emphasized that, given the current context of the creation of the Pension Fund for Wellbeing, which is under the pertinent legislative approvals, only inactive resources will be taken of workers with the following characteristics:
- If the account holder is over 70 years old (or 75 if they are an ISSSTE worker).
- That they are not or have not contributed to the IMSS or ISSSTE in the last year.
- That you have not started a pension process, nor withdrawn your total resources from the Afore account, previously.
