Mexican Pensions: Understanding Ley 97 and Afore Savings After Retirement

MEXICO CITY – A recent online video featuring financial expert Mary García has shed light on a crucial aspect of Mexico's Ley 97 pension system, addressing concerns among retirees about the longevity of their Afore savings. The video clarifies that individuals under Ley 97 will not be left without a pension even if their Afore funds are depleted. García explained, "If your pension amount was 8,000 pesos monthly, your Afore will continue to provide those 8,000 pesos each month until your Afore savings are exhausted." She further elaborated, "Once your Afore savings are depleted, the Mexican Social Security Institute (IMSS) will then take over your pension payments." This clarification aims to alleviate a common misconception that pension payments cease once individual Afore accounts run out. García emphasized that the IMSS will continue to provide the monthly pension, ensuring financial stability for retirees throughout their lives. "You will continue to be pensioned," she affirmed, highlighting the social security net in place for Ley 97 beneficiaries. This information is vital for current and future retirees planning their financial futures in Mexico.

Jubilación del IMSS: Bajo la Ley 97, tu pensión d…

Jubilación del IMSS: Bajo la Ley 97, tu pensión depende exclusivamente de los a…

Bajo el Régimen 97 del IMSS, tu pensión depende exclusivamente de los ahorros en tu AFORE.