Please enable JavaScript.
Coggle requires JavaScript to display documents.
Workers' Retirement Rights Mexican Social Security Law Framework,…
Workers' Retirement Rights
Mexican Social Security Law Framework
Types of retirement
Unemployment at Advanced Age
Age: 60+ years
Required: 1,000 weeks minimum
Must be unemployed
Old Age
Age: 65+ years
Required: 1,000 weeks minimum
Full retirement benefits
Pension Benefits
Monthly Pension
Based on contribution weeks and salary
Guaranteed Pension
State ensures minimum pension amount
Annual Update
Adjusted in February by inflation (INPC)
Healthcare Rights
Medical Assistance
Full healthcare coverage through IMSS
For Retirees with 750+ weeks
Healthcare even without full pension
Illness & Maternity
Extended coverage benefits
Individual Account
Account Ownership
Worker owns 100% of funds
Choose Your AFORE
Right to select administrator
Can transfer once per yea
Two Pension Options
Life annuity (Renta Vitalicia)
Programmed withdrawals
Family Benefits
Widow/Widower Pension
90% of retiree's pension
Orphan's Pension
20% (one parent) or 30% (both parents)
Ascendants Pension
20% if economically dependent
Family Assistance
Additional support allowances
Account Protection
Unseizable Funds
Cannot be embargoed or seized
Cannot Be Used as Collateral
Protected from creditors
Worker's Property
Belongs to worker, not employer
Additional Rights
Voluntary Contributions
Can add extra savings anytime
Withdraw voluntary funds freely
Unemployment Withdrawal
After 46 days unemployed
30-90 days of salary available
Early Retirement Option
If pension is 30%+ above guaranteed
Can withdraw excess funds
Who Contributes
Employer
Retirement: 2% of base salary
Old age/unemployment: 3.150%
Worker
1.125% of base salary
Federal Government
Social quota + 0.225%
Guarantees minimum pension
Key Requirements
Minimum Contributions
1,000 weeks for full pension
750 weeks for healthcare only
One Account Per System
Must consolidate multiple accounts
Survivorship Insurance
Automatically purchased for beneficiaries
Insufficient Funds?
Government covers guaranteed pension
Karyme Solís Porraz
ID: 00373762
Reference: Ley del Seguro Social. (2021, 27 de abril). Diario Oficial de la Federación.
https://www.diputados.gob.mx/LeyesBiblio/pdf/LSS.pdf
