Mexico City. The retirement savings resources that will be sent to the so-called “welfare pension fund” will be from inactive accounts, stated the Social Security Commission of the Chamber of Deputies.
In the draft opinion circulated tonight to the members of the commission, which will meet to vote on it on Monday, the scope of the initiative by Morena coordinator, Ignacio Mier, was corrected after criticism of the original wording, which provided for the transfer of funds managed by the Afore to said fund.
This afternoon, the president of the commission and co-author of the initiative, Ivonne Cisneros (Morena), asked for time to learn about the draft opinion and find out its true impact. “In no way is it intended to loot workers’ pensions or increase the retirement age to 70 years. “That is a myth,” she expressed.
In its considerations, the commission indicated: “this commission proposes to make a modification to the second paragraph of article 302 of the Social Security Law, with the purpose that the decree perfectly establishes that the resources transferred to the pension fund for well-being do not will be applied to the individual accounts of those workers who have an active employment relationship” with the IMSS or the ISSSTE.
In this way, when an account is inactive for ten years and the worker turns 70, the resources will be transferred to the welfare pension fund trust, but the owner of the individual account or his or her family may demand the return of their savings.
