A new reform which plans to benefit millions of retirees in Mexico could be approved very soon, with the aim of ensuring that they have a decent retirement and better opportunities. However, there are doubts about what it will happen with the saved money of IMSS pensions and ISSSTE if this initiative is approved or if, disappear the Afores to be able to finance this initiative.
The new reform proposes that both IMSS pensions as ISSSTE, pay 100% of the salary that retirees received when they were active. Currently 70% of this money is paid, so the legislation would seek to cover the shortfall with a seed fund. But this situation has raised the alarm of the most radical who fear that the Afores disappear and sow doubt about what it will happen with the saved money.
This will happen with money saved from IMSS and ISSSTE pensions due to the new reform
According to Ignacio Mier, coordinator of the Morena bench in the Chamber of Deputies, it is completely false that with the new reform disappear the Afores. The official indicated that the intention is to improve the payment scheme for the IMSS pensions and ISSSTE to provide a better quality of life but will have nothing to do with the saved money.
We are not affecting workers' savings in any way, we would not do it, what is intended is to compensate and guarantee pensions of 16,400 pesos to all those who will gradually begin to retire over the course of time from 2025 to 2050.
Although not disappear the Aforeswhat if it could pass and it is a measure that is contemplated by the Morena legislators is that all those accounts that have not been claimed in a certain period of time, go to the government savings fund in order to support the new reform in matters of pensions that seeks to guarantee 100% of the payment for the beneficiaries of the IMSS and ISSSTE.
As proposed by the new reformthe Afores They must transfer the resources of the subaccounts at the time the workers turn 70 years old, without the need for a judicial resolution to the Welfare Pension Fund, and must notify the Institute of each transfer on the same day it is made.
This measure would have a way to reverse, which would return the saved money to the Afores accounts that are claimed after this movement and only in the event that the new reform. We just have to wait and see if the deputies and senators of our country approve this initiative that could modify the IMSS pensions and ISSSTE equally.