The Welfare Pension Fund belief, which on the finish of this month will attain an quantity of 44.5 billion pesos, plus different sources of financing that may proceed to be added, will be capable to pay the pension dietary supplements of employees in Mexico till 2045, estimated Héctor Santana Suárez, head of the Insurance coverage, Pensions and Social Safety Unit of the Ministry of Finance and Public Credit score (SHCP).
“The proper of employees to entry their assets – those that have an inactive Afore account – is maintained and assured. And with the assets that we’ll have on August 1 within the Fund for Pensions for Welfare, solvency is assured for the following 20 years, at the least, because the fund will advance in its consolidation,” stated the official, with estimates from his unit and knowledge from the Nationwide Fee for the Retirement Financial savings System (Consar).
Throughout his participation within the keynote lecture on the Pension Fund for Welfare, throughout the framework of the 2024 Afore Truthful, the official revealed that this week they are going to conclude the executive course of in order that round 12 billion pesos from the liquidation of Financiera Rural, whose entity was created with assets that got here from an previous pension system, which was the SAR of 1992, will attain the fund’s belief.
He added that funds have already arrived from the Nationwide Staff’ Housing Fund Institute (Infonavit), the Housing Fund of the Institute of Social Safety and Companies for State Staff (Fovissste); from the tenth momentary pension for PensionIssste employees, primarily.
Though in these first years solely a restricted variety of employees will profit, as a result of they’re those who will retire below these circumstances, the benefits will already be noticed from July, when the primary funds are made, stated Héctor Santana.
The Welfare Pension Fund is a public belief that may present dietary supplements to the pensions of some employees of the Afore era to make sure that they’re equal to their final wage, so long as the pension doesn’t exceed 16,777.78 pesos per 30 days.
Earnings and funding
With the assets that shall be accessible by August 1, 2024, the viability of the fund is anticipated to final till 2045. After that, he harassed, will probably be essential to strengthen it. It is going to be vital to consider the way it will proceed to be funded. For now, stated Santana Suárez, there are a number of sources outlined by the decree of April 1, 2024.
Héctor Santana stated that on common, 1,500 employees will profit from the Welfare Pension Fund per yr, that’s, round 30,000 employees in 20 years.
Individually, Julio César Cervantes, president of Consar, defined that round 24,239 accounts have been transferred to the Fund, however the Afore transferred 21 billion pesos in bonds, to be able to keep away from capital losses and protect the whole worth of the employees’ assets.
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– 2024-07-22 13:33:52
