Workers between the ages of 40 and 44 are the most affected by disabilities

The losses presented in the Retirement Savings System (SAR) had a greater impact on workers who were born between 1980 and 1984, since they presented losses of 95.120 million pesos, an annual contraction of 11.92% in the managed resource, reported the National Commission of the Retirement Savings System (Consar).

In second place are savers enrolled in the basic 75-79 siefore (45 to 49 years). This group of workers presented losses of 91,946 million pesos, which represented an annual fall of 10.43%, at the end of the third quarter.

Adults from 50 to 54 years old, who are in the basic siefore 70-74, registered losses of 83,616 million pesos, this meant a contraction of 9.28 percent.

However, the fall in the balance is attenuated for workers who were born between 1955-1959 given that the basic siefore where they are found registered losses of 4,676 million pesos, with which an annual decrease of 3% was observed.

While the young people of the basic siefore 90-94 presented losses of 41,417 million pesos, with which there was a decrease of 12.8% per year. And workers who just started their working life had disabilities of 15.999 million pesos, an annual contraction of 13.2 percent.

The disability period does not impact all workers equally because the Afores invest their resources according to their age, through the 10 Specialized Investment Societies of Retirement Funds (siefores).

Close to retirement, with capital gains

At the same time, it was reported that people who are close to retiring, and who are in the basic pension siefore, had capital gains of 106 million pesos at the end of September 2022. The capital gain of these workers showed an annual increase of 0.13% in balance.

Bernardo González Rosas, president of Amafore, has told this space that the resources of the siefores of workers close to receiving a pension “are invested in very liquid instruments. They are not in shares, CKD or Fibras, which are the instruments that are having the greatest impact on value due to volatility”.

Said resources are invested in government bonds, and for this reason he insisted that people who are about to retire must be told: “you are not having the same impact as someone who is starting to work and who does have a combination of greater risk (in your investment), you are already in instruments with very little risk”.

The risk is limited, and you have to remember that someone who is going to retire is going to have a life annuity, and if the government bond falls in price, then you can buy a cheaper pension. (With information from Ana María Rosas).

santiago.renteria@eleconomista.mx