The Pension Fund for Well-being in Mexico, created to supplement pensions for workers with incomes equal to or below the average monthly salary of IMSS and ISSSTE employees, has raised concerns among foreigners who contributed to the country's social security system. Since the end of 2024, all retirement accounts managed by AFORE, as well as housing subaccounts of account holders over 70 years old who have not recovered their funds, are transferred to this public trust managed by the Bank of Mexico.
A portion of its funding comes from accounts inactive for more than five years belonging to account holders, both nationals and foreigners, over the age of 70, complicating the recovery of AFORE funds for foreigners. Regularizing the control of an AFORE account before turning 70 is essential to avoid losing these resources.
Services provided by Rescata tu AFORE for foreigners
Rescata tu AFORE offers comprehensive assistance to foreign workers who contributed to Mexico’s social security system, enabling them to recover their pension funds efficiently and securely. The process begins with locating the AFORE account and estimating the accumulated balance, including the returns generated over time. A proposal is then presented without requiring any upfront payments, operating under a success-based scheme. Once accepted, all necessary procedures are managed until the funds are recovered and deposited directly into the account holder’s bank account.
This service has become particularly relevant due to the regulation established in July 2024, which mandates the transfer of inactive accounts belonging to holders over the age of 70 to the Pension Fund for Well-being. This transfer complicates fund recovery, especially for foreigners, making it essential to have specialized assistance such as that provided by Rescata tu AFORE to ensure that these savings remain within the reach of their rightful owners.
Importance of recovering AFORE funds before turning 70
The Pension Fund for Well-being, managed by the Bank of Mexico, is financed through various sources, including AFORE accounts inactive for more than five years belonging to holders over the age of 70. Recovering these funds becomes significantly more challenging once they have been transferred to the fund, highlighting the importance of regularizing the control and registration of an AFORE account before reaching this age. Without proper management, savings accumulated over years of work in Mexico risk becoming difficult-to-recover resources.
Rescata tu AFORE ensures the recovery of AFORE funds for foreigners through an efficient and professional process, allowing account holders to access their savings before they are transferred to the fund. With a more restrictive regulatory framework and transfers already underway, specialized support becomes essential to secure accumulated resources, reinforcing the importance of these services in managing retirement funds for foreigners.
Media Contact
Company Name: Rescata tu Afore
Contact Person: Press Office
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Country: Spain
Website: https://rescatatuafore.com/
