Citibanamex sees marginal impact from transfers of inactive Afores – El Sol de México

Acapulco.- The transfer of resources from inactive accounts of the Retirement Fund Administrators (Afores) is not new, and in the case of Citibanamex the amount could be around three thousand 900 million pesos.

“This type of resources in inactive accounts were already transferred to social security, it is not something new. What is new about this is that they will now pass into the hands of a trust managed by the Bank of Mexico,” said Luis Kuri, general director of Afore Citibanamex.

In a press conference, the manager assured that these three thousand 900 million pesos belong to a universe of almost 670 thousand inactive accounts.

If all the accounts managed by Afore Citibanamex are considered, there is a record of more than 9.9 million workers with savings of more than 968 billion pesos at the end of March, according to data from the National Commission of the Retirement Savings System (Consar).

Liis Kuri specified that the accounts are considered inactive because the beneficiary never registered, contact information is missing, or they belong to workers who do not even know that they have an individual retirement savings account.

“We have always been in favor of any initiative that improves workers’ pensions. There really is no significant impact for us due to the amount of resources they represent,” Kuri said.

This Wednesday, the Chamber of Deputies suspended the session to discuss the creation of the Pension Fund for Wellbeing, due to a series of inconsistencies in its original opinion, and it will not be until next Monday when legislators resume said initiative.

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The resources for this fund will come from the 2.2 million inactive retirement and housing savings accounts, of people aged 70 years in the case of IMSS and 75 years old for ISSSTE workers.

2024-04-18 04:01:47
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