During last year, the resources of the retirement savings system (SAR) reached 6.8 billion pesos (20.3% of the country’s GDP), as a result of the fact that contributions to retirement savings reached 8.5% of the worker’s salary. the management of savings by workers.
By 2025, it was authorized that the commissions charged by the Afores for managing workers’ accounts will drop to 0.547% of the managed balance from 0.566%, which “represents additional savings for workers of 9,000 million pesos by 2030, which will be They add to the 166,000 million due to the decreases from previous years,” Consar highlighted in the statement.
During 2024, the first biweekly migration of generational Siefores (investment funds in which Afores invest workers’ resources, depending on their age) also took place.
“More than 240,678 million pesos (3.66% of the system’s net assets) were transferred from the Initial Basic Siefore to the new Siefore 95-99 and more than 121,340 million pesos (1.85% of the SAR assets) from Siefore 55- 59 to the Basic Pension Siefore,” Consar detailed.
“With this movement, continuity is given to an investment strategy focused on an adequate balance of risk and return in accordance with the worker’s life cycle,” he added.
It is also updated the Siefores investment regime increasing the investment limit in structured instruments, fibers and currencies, thereby providing tools for an “adequate diversification” of SAR resources.
Between January 2021 and December of last year, more than 75,000 workers obtained a pension with an average replacement rate of more than 70%. “If the 2020 reform had not been carried out, only 6,000 workers would have achieved the right to a pension, with an average replacement rate of around 50%,” the commission highlighted.
