Amafore concludes switch of 24.2 billion pesos to the Pension Fund

Mexico Metropolis. The Mexican Affiliation of Retirement Fund Directors (Amafore) confirmed on Monday afternoon that it had accomplished the switch of current assets in inactive accounts to the Pension Fund for Welfare.

As reported by the predecessor Andrés Manuel López Obrador throughout his morning press convention, Amafore indicated that the full quantity of assets despatched to the belief established on the Financial institution of Mexico was 24.2 billion pesos.

In a press release, the company mentioned that as a part of the method to hold out the switch, the Afores, in collaboration with the authority, carried out an exhaustive overview to find out which accounts had been presupposed to belong to individuals over 70 years of age within the case of the IMSS and 75 years of age within the case of the ISSSTE and who had not contributed to social safety for one yr.

“As established by regulation, the authority just lately made a proper request through which it decided that the Afores switch the balances within the administration of the sub-accounts for retirement, retirement at superior age and outdated age, which fall into the aforementioned class,” Amafore highlighted.

He added that in accordance with the authority’s request and in compliance with the regulation, the Afores knowledgeable the employees who held the transferred particular person accounts, by the means at their disposal, that mentioned assets could be transferred and that their rights to assert them stay legitimate no matter this motion.

Likewise, if the employee wish to test whether or not his/her assets had been transferred to the fund, he/she will be able to examine this by coming into the Afore Internet portal: https://www.aforeweb.com.mx/pensiones-bienestar

“Within the subsequent few days, a certificates of switch of the assets from this sub-account might be despatched to the final registered contact level of every employee. Additionally, within the month of September, a press release of account might be generated with the most recent actions below the administration of the Afore. Later, the assertion of account that might be delivered will mirror the efficiency stories of the Pension Fund for Welfare,” he mentioned.