Introduction to Afore Accounts
As you embark on your formal working life, your employer is legally obligated to enroll you in social security. Depending on whether you work in the private or public sector, you will be enrolled with either the Mexican Social Security Institute (IMSS) or the State Workers’ Security and Social Services Institute (ISSSTE).
Upon enrollment in social security, you begin accumulating resources in the individual account of the Afore (Administrators of Retirement Funds) that you have chosen. This accumulation will eventually allow you to retire at the end of your working life.
Benefits of Having a Registered Afore Account
Registered accounts offer several advantages:
- Partial withdrawals: You can make withdrawals for reasons such as unemployment, marriage, or voluntary savings.
- Streamlined pension processes: Since your personal identification data, such as your CURP and RFC, are registered, pension-related procedures become more efficient.
- Access to all information services: Registered accounts grant you full access to various Afore-related information and resources.
What Can You Do if You Have an Assigned Afore Account?
If you have an assigned account, consider the following options:
- Visit the Afore Web site for information.
- Download the AforeMóvil app for easy access on your mobile device.
- Contact the SARTEL customer service center at 55 1328 5000 for assistance.
To proceed, you will need:
- CURP (Unique Population Registry Code) and a valid form of identification.
- Initiate the registration process with your chosen Afore.
- Once registered, your account will no longer be assigned but rather registered, giving you full access to your resources.
Key Questions and Answers
- What is an Afore account? An Afore account is a retirement savings fund managed by private administrators in Mexico. It accumulates resources from your social security contributions.
- Why should I register my Afore account? Registering your Afore account ensures you have full control and access to your retirement savings, streamlines pension-related processes, and allows for easier withdrawals when needed.
- What information do I need to register my Afore account? You will need your CURP (Unique Population Registry Code) and a valid form of identification to register your Afore account.
- What are the advantages of having a registered Afore account? Registered accounts allow for partial withdrawals, streamlined pension processes, and full access to various Afore-related information and resources.
