The new reform presented by Morena, to use the money of the Afores unclaimed and finance the Welfare Pension Fund, has caused a stir among workers and future pensioners. This initiative seeks to improve the quality of life of Mexican employees after their retirement and the president himself, Andrés Manuel López Obrador, confirms what the amount of pay that the beneficiaries of the IMSS Pension and ISSSTE 2024when this change to the law is approved.
Promoted by the representatives of Morena, Ignacio Mier and Angélica Cisneros, the new reform at pensions of the Mexican Social Security Institute (IMSS) and the Institute of Security and Social Services of State Workers (ISSSTE), aims to use the money of the Afores of those workers who are over 70 years old, who have not claimed their retirement money and thus increase the financial capacity of the Welfare Pension Fund for the benefit of the pensioners of both institutions.
This initiative has detractors, who assure that they will lose all the money from their savings in the Retirement Fund Management accounts (Afores), which will go directly to the aforementioned fund. However, the future beneficiaries of the IMSS pension and ISSSTE 2024 are in favor of reformsince they will deposit a new amount of paywhich is similar to the salary they receive while still active.
What will be the payment amount to IMSS and ISSSTE pensioners with the new Afores reform?
Through statement number 9380, representative Angélica Cisneros was in charge of defending the new reform to the law of IMSS Pension and ISSSTE 2024ensuring that workers will not lose their Afores and they will be able to claim the money transferred to the Welfare Pension Fund at any time they wish. He also argued that the only objective is to guarantee a amount Worthy of pay to the pensioners after his retirement; partially using the income from savings accounts.
In this initiative, the most important part is to standardize in the laws of the IMSS and of ISSSTE the right for workers' savings to be imprescriptible; That is, they or their beneficiaries can claim their funds at any time.
According to what was explained by AMLO, with this new initiative, the pensioners will reach a amount of pay monthly for up to 16,777 pesos. This will be the limit deposited to older adults, with the changes in the law of the IMSS Pension and ISSSTE 2024which will represent a greater income with respect to the minimum wage in Mexico, since some retirees are below this table.
It will be this Monday when the deputies meet at the San Lázaro Social Security Commission, to advance the approval of the new reform to use the resources of the Afores not paid by workers over 70 years of age, and increase the amount of pay to the pensioners of the IMSS and ISSSTE with the so-called Pension Fund for Wellbeing.