148:
This sub-account will contain additional funds contributed by the employer or the employee to increase the pension balance. These funds can only be withdrawn after retirement.
124:
An employee may also contribute extra funds voluntarily. Additional contributions may be done directly with the AFORE or automatically deducted from the employee's salary.
43:
250:
58:
169:. A maximum of 10% of the funds can be withdrawn on or after the day 46 of being unemployed. This option can be exercised every five years.
132:
This is a sub-account into which employers contribute an equivalent of five percent of the employee's salary. Funds are deposited with the
50:. They are structured as companies that manage these funds under strict regulations. These administrators are regulated by the
232:(Spanish: "Comisión Nacional para la Protección y Defensa de los Usuarios de Servicios Financieros", abbreviated "Condusef").
39:
182:
sub-account can be withdrawn to buy a house. If these funds are not used before retirement they can be withdrawn then.
109:
175:. A maximum of 30 days of minimum wage in the Federal District can be withdrawn for wedding expenses.
245:
210:
85:
This sub-account contains funds contributed by the employer, federal government and employee.
31:
17:
222:
156:
Withdrawals of funds from these accounts is possible under certain situations such as:
239:
230:
National
Commission for the Protection and Defense of the Users of Financial Services
77:
Individual retirement accounts are split into four separate sub-accounts which are:
140:("National Housing Fund") and the AFORE only registers contributions and balances.
105:
16:"Afore" redirects here. For local-level government area in Papua New Guinea, see
198:
89:
The employer contributes with an equivalent to 2% of the employee's salary to
66:
133:
190:
172:
62:
194:
160:
57:
AFOREs manage accounts that accumulate contributions by the employer,
166:
47:
185:
69:
of the employee at the age of 65 or on other specific criteria.
115:
The employee contributes with 1.125% of the salary bimonthly.
163:. Funds can be withdrawn on or after reaching the age of 65.
100:
The government contributes 0.225% of the salary to the
52:
Comisión
Nacional del Sistema de Ahorro para el Retiro
104:account bimonthly and an equivalent of 5.5% of
38:) are companies authorized to manage Mexican
8:
97:account. Contributions take place bimonthly.
36:Administradoras de Fondos para el Retiro
251:Financial services companies of Mexico
44:Ministry of Finance and Public Credit
7:
14:
178:Home purchase. The funds in the
93:and 3.15% of the salary to the
81:Retirement, lay-off and old age
65:. The fund will then payout on
24:Retirement Funds Administrators
59:the Mexican federal government
40:individual retirement accounts
1:
138:Fondo Nacional de la Vivienda
144:Complementary contributions
267:
15:
120:Voluntary contributions
35:
42:as authorized by the
211:Mexico Pension Plan
152:Withdrawal criteria
102:lay-off and old age
95:lay-off and old age
258:
227:
110:Federal District
266:
265:
261:
260:
259:
257:
256:
255:
236:
235:
225:
219:
207:
154:
146:
130:
122:
83:
75:
21:
18:Afore Rural LLG
12:
11:
5:
264:
262:
254:
253:
248:
238:
237:
234:
233:
218:
217:External links
215:
214:
213:
206:
203:
202:
201:
188:
183:
176:
170:
164:
153:
150:
145:
142:
129:
126:
121:
118:
117:
116:
113:
98:
82:
79:
74:
71:
13:
10:
9:
6:
4:
3:
2:
263:
252:
249:
247:
244:
243:
241:
231:
224:
221:
220:
216:
212:
209:
208:
204:
200:
196:
192:
189:
187:
184:
181:
177:
174:
171:
168:
165:
162:
159:
158:
157:
151:
149:
143:
141:
139:
135:
127:
125:
119:
114:
111:
107:
103:
99:
96:
92:
88:
87:
86:
80:
78:
72:
70:
68:
64:
60:
55:
53:
49:
45:
41:
37:
33:
29:
25:
19:
229:
226:(in Spanish)
179:
155:
147:
137:
136:through the
131:
123:
106:minimum wage
101:
94:
90:
84:
76:
73:Sub-accounts
56:
51:
27:
23:
22:
197:leading to
246:Retirement
240:Categories
199:disability
91:retirement
67:retirement
54:(CONSAR).
195:illnesses
191:Accidents
134:INFONAVIT
205:See also
173:Marriage
63:employee
61:and the
228:at the
180:housing
167:Layoffs
161:Old age
128:Housing
108:in the
32:Spanish
223:AFORES
48:Mexico
186:Death
28:AFORE
193:and
46:of
30:) (
242::
34::
112:.
26:(
20:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.