Partial withdrawals due to unemployment in Afores totaled 2,077 million pesos in December

Los partial unemployment withdrawals Made in the retirement fund administrators (Afores) reached 2,077 million pesos (mdp) in December of this year, according to the National Commission of the Retirement Savings System (Consar). The foregoing revealed that in the last quarter of last year withdrawals exceeded 2,000 million pesos.

In this sense, the reported amount had an annual drop of 3% in real terms. While in monthly comparison with November the amount increased by 1.4 percent.

However, the amount of the partial withdrawal for unemployment again broke the barrier of 2,000 million pesos for the seventh time since the registration began; of which six of those occasions have occurred in the past year.

Only in September of this year was the record figure reached with 2,202 million pesos. While in March, August, October and November 2022 withdrawals of 2,025, 2,082, 2,016 and 2,048 million pesos were observed, respectively. However, the first time the unemployment withdrawals They exceeded 2,000 million pesos in October 2020 with 2,094 million pesos.

The accumulated balance of partial unemployment withdrawals totaled 23,169 million pesos in 2022, this represented a 2.6% drop in real terms compared to 2021.

Meanwhile, Consar reported that more than 1.9 million workers have decided to withdraw money from the Afore throughout 2022. Only in the last month of last year, 150,661 people withdrew resources.

It is a right, but it must be analyzed

Partial retirement due to unemployment is a right that has helped millions of workers during the more than two years that the coronavirus pandemic has been in Mexico.

The Consar authorized partial unemployment withdrawals to be processed from the Afore Móvil application. However, only those who have their Electronic File updated will be able to do so.

In case you don’t have the digital appthe interested party must attend the branch of his Afore to carry out the process of withdrawal of resources.

However, withdrawing resources from the fund manager reduces weeks of the worker’s contribution. The time taken from them depends on the salary they receive.