News Unemployment, collapse. Do you need the savings from Infonavit...

Unemployment, collapse. Do you need the savings from Infonavit or the Afore to resist? GUIDE to remove it

On March 30, Mexico declared a health emergency for the new coronavirus. Now the national GDP is deepening its collapse and unemployment reaches more than half a million people; Coneval warns that this combination could lead to extreme poverty for more than 10 million people.

Consar and Condusef allow partial withdrawals for unemployment, marriage and voluntary savings. In the first case it is every five years when, for the second, it can only be done once and if extra savings were deposited, the whole can be withdrawn.

Mexico City, May 14 (Economy Today) .- Afores and the Infonavit allow their users to withdraw specific amounts from resources saved, in this case to deal with the economic crisis that the disease COVID-19 has flared up, due to lockdown required to to mitigate the infections

The President Andrés Manuel López Obrador stated that Mexico is going through the worst recession from the “Great Depression” of 1929. Only in April, the IMSS reported that half a million Mexicans they lost their job. The pandemic new coronavirus forced the governments from the world to close the economic activities what do you consider not essential to stop the spread of SARS-Cov-2

Less than 50 days from declaration of health emergency, the Gross domestic product (GDP) deepens its collapse While the lost of jobs already exceeds the figures recorded during the first four months of 2009, year of the “Great Recession”, a dangerous combination that, according to the Coneval, could lead to extreme poverty for more than 10 million people.

Hundreds of people form from early hours in government offices to process unemployment insurance that will provide economic support of 2,500 pesos in Yucatan.

Hundreds of people form from early hours in government offices to process unemployment insurance that will provide economic support of 2,500 pesos in Yucatan. Photo: Martín Zetina, Cuartoscuro

To face the scenario of economic debacle, the National Commission for the Protection and Defense of Users of Financial Services (Condusef) and the National Commission of the Retirement Savings System (Consar) allow the partial withdrawal of Afores. The established reasons: unemployment, marriage and voluntary savings.

Retirement can be made every five years when you are in this condition. The amount to withdraw will be according to the base contribution salary and depends on the social security registration, either in the IMSS or the ISSSTE, but in both cases the contribution time is discounted.

For the IMSS the requirements are: to have at least two years of contribution and three years with an open account; as well as the certification of Retirement of the Unemployed Worker of the IMSS. With this information, the person can go to the Afore that manages their individual account and request resources, at least 30 days and maximum 90 days of the base contribution salary.

unemployment-graph-2020-mexico

In the ISSSTE, as in the first case, the beneficiary must have the unemployment certificate issued by the institution. For those who are in the Individual Accounts regime, they can withdraw the amount that is less than 75 days of the basic salary of the last five years, or 10 percent of the balance of the individual Retirement Sub-Account. For the Regime of the Tenth Transitory Article, up to 10 percent of the balance reflected in the Retirement Subaccount can be withdrawn.

Withdrawals due to unemployment can be done remotely due to the emergency of COVID-19.

1. Enter the portal www.e-sar.com.mx, with the social security number or CURP.

2. The Afore will verify the information and documentation.

3 Request other personal data, including interbank CLABE.

4. The Afore will register the procedure and send the Certification of the Right to the IMSS or the ISSSTE.

Even before the coronavirus hit, retail customers mixed with wholesalers who made up rivers of people without distinction, who were forced not to obey the recommendation to avoid crowded places and not take social distancing. Photo: Footer

5. If the request proceeds, the Afore will make the payment in the certified bank account within 5 business days.

6. Finally, the user will receive an email or electronic notification with the result of the process.

In the case of the voluntary savings withdrawal, for those who contributed an extra amount to the minimum, the entire amount can be withdrawn before the time of retirement.

* For short-term savings, the period between the date of the first voluntary deposit must be greater than two months.

* Medium-term savings can be withdrawn after five years. If there is an early withdrawal, a tax is withheld.

* To make this withdrawal you must go to any branch of the Afore and fill out a Request for Disposition of Resources.

In the case of Retreats by marriage it can only be withdrawn once.

* The withdrawal will be 30 days of the Minimum Wage in force on the date of the marriage.

* Must be an active worker at the IMSS.

* A minimum of 150 weeks of contribution is required at the time of marriage.

* The person must have an IMSS Marriage Expenses Help Resolution.

The total Retirement for Pension and Negative IMSS is a process by which the worker requests the delivery of the resources of the individual account that correspond, according to the regime in which he has retired.

* Have a Resolution of Pension or Denial of Pension issued by the IMSS.

* Have a Worker Identification File that will be generated by AFORE.

* Make a Pre-application for Total Withdrawal on the portal www.e-sar.com.mx to obtain the Unique Service Key.

* The worker or beneficiary must go to the branch selected in the Pre-application and present it.

Total withdrawal due to census or old age. for people who were listed on the IMSS, between 60 or 65 years of age, they can apply for unemployment in old age or old age. The requirements will depend on the regime.

For the 73 regime: Be at least 60 years old to process an old-age unemployment pension or be at least 65 years old to process an old-age pension; They must also confirm 500 weeks of contributions recognized by the IMSS.

In Regime 97: Be at least 60 years old to process an old-age unemployment pension or at least 65 years old to process an old-age pension. The required contribution weeks are 1,250.

An employee of the Xochimilco crematorium waits for the body of an alleged victim of coronavirus, in Mexico City., Photo: Fernando Llano, AP

To withdraw housing savings from the 1972-1992 Savings Fund, the worker must be over 50 years old; at least one year without working; have a resolution of disability, invalidity or unemployment and old age pension issued by the IMSS; or, be retired by a private plan; have a resolution in favor of the Infonavit Disconformity Commission or a judicial award in its favor.

The steps to follow are: enter “My Infonavit Account”, there the process begins with the Federal Taxpayer Registry (RFC), Social Security Number (NSS) and Unique Population Registry Code (CURP).

Gustavo Briseño, accompanied by his wife Leticia Piñera, carries the urn that contains the ashes of his father, Manuel Briseno, 78, who died Tuesday of complications from the new coronavirus in the Iztapalapa neighborhood in Mexico City. Photo: Rebecca Blackwell, AP

For the 1992 Housing Subaccount, they must be 65 years of age or older and registered in an Afore.

INFONAVIT RETREAT

Before withdrawal through Infonavit, you must request the savings in the Afore in which you are registered. After that, an appointment must be generated to request the refund of the savings in “My Infonavit Account”.

“In this same application, Infonavit will also return to you everything you have saved in your Housing Subaccount 1997”, cites the Infonavit page.

For the 1997 Housing Sub-account, the requirements for these people are: to have a pension opinion issued by the IMSS after July 1, 1997; not have a valid Infonavit credit; If you are in a process of clarification of homonymy, it is necessary to conclude it before starting the withdrawal process.

With these requirements, the process can be carried out at Infonavit or at the Afore.

THIS CONTENT IS PUBLISHED THEREFORE WITH EXPRESS AUTHORIZATION OF THE ECONOMY TODAY. SEE ORIGINAL HERE. REPRODUCTION PROHIBITED.

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