afore

Afore earns 8 billion pesos from January to August

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Afore earns 8 billion pesos from January to August

The profits obtained by the Retirement Fund Administrators (Afore) in the first eight months of 2024 for taking care of the pension resources of millions of Mexicans increased 32 percent annually, with figures as of the end of last August, official data reveal. According to the most recent information from the National Commission for the … Read more

Record unemployment withdrawals in July: Consar

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Record unemployment withdrawals in July: Consar

Mexico City. During July 2024, people who lost their formal jobs in Mexico withdrew a total of 3.07 billion pesos from their Retirement Fund Administrator (Afore), the highest figure for a month since records began (2005), according to data from the National Commission for the Retirement Savings System (Consar). For the first time, according to … Read more