Inactive Afores funds have low balances: SHCP

by times news cr

2024-04-25 05:38:00

The Ministry of Finance and Public Credit (SHCP) ruled out using workers’ money for the Welfare Pension Fund.

In a conference at the 87th Banking Convention in Acapulco, the Undersecretary of the Treasury, Gabriel Yorio, explained that the main sources of financing will come mostly from budget savings.

“For the most part, they are budget savings, plus the active and inactive assets that are currently defined by law that could enter the Seed Fund. This does not in any way mean that resources will be taken from workers,” she said.

In this sense, he said that “the President has made it clear that resources will not be taken from pensions.”

Likewise, he pointed out that “currently in the Law there is an article that allows these resources to be used temporarily and if there was any type of claim or request they would be paid to the workers of those inactive accounts.”

In his participation before the bankers, the Undersecretary of the Treasury celebrated the signing of a letter of intent with the French Development Agency, to strengthen sustainable financing.

“The signing of this agreement will allow us to take another step in the implementation of Mexico’s Sustainable Financing Mobilization Strategy, designed to mobilize financial resources of up to 15 billion pesos in the coming years, with the purpose of financing the transition towards a sustainable economy,” highlighted the Secretariat.

For their part, bankers called for caution on the issue of pensions, given the changes in the system that will be debated in Congress next Monday, where they seek to take the inactive accounts of people over 70 years of age who have not claimed amounts.

2024-04-25 05:38:00

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