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November 26, 2024
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Pension Fund for Wellbeing has returned more than 300 million pesos from inactive accounts in the Afores

Pension Fund for Wellbeing has returned more than 300 million pesos from inactive accounts in the Afores

At the end of September, the Pension Fund for Wellbeing had returned 304.77 million pesos of savings that were in inactive accounts in the Afores, but that had not been claimed and therefore were transferred to the Fund, its technical committee reported after its second meeting. ordinary session.

The Pension Fund, which provides supplements to the pensions of some workers of the Afore generation to ensure that they are equal to their last salary, was initially financed with 24,238 million pesos from inactive accounts in the Afores that had not been claimed by people aged 70 or over.

However, the law establishes that the right of workers to claim the return of said resources is imprescriptible, even when they have been transferred to the Pension Fund, and in fact there is a mechanism for any worker or their beneficiaries to request Social Security or If applicable, the return of your savings to ISSSTE at any time.

This means that of all the unclaimed resources and inactive accounts that were transferred to the Fund for its creation, only 1.25 percent have been returned to the account holders or their beneficiaries.

This Monday, the second ordinary session of the technical committee of the Pension Fund for Wellbeing (created only in May 2024) was held, in which the reports and financial statements of the Fund corresponding to the second and third quarters of this year were approved. anus.

In addition, the technical committee, which is the governing body of the Pension Fund, approved its work plan for fiscal year 2025, its operating expenses and fiduciary fees, the contracting of an actuarial evaluation of its assets, as well as the calendar of sessions. for next year.

In its report on contributions, payments and returns for the third quarter of 2024, it is detailed that at the end of September, the Fund had paid 8.31 million pesos in supplements to the pensions of workers who earned up to 16,777.78 pesos per month.

Likewise, in its financial statements it was detailed that the Fund had total active assets of 46,310 million pesos at the end of the third quarter, an increase of 1,426 million pesos compared to the resources it had in August.



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