Afore Retirement Account: Who Qualifies and What You Get
Learn how formal workers in Mexico can build a personal retirement savings account through the Afore system.
The Afore Retirement Account is a personal savings account designed to help you build funds for your retirement.
Who it's for
This scheme is available to all formal workers living and working in Mexico.
What you get
You receive a personal account dedicated to your retirement savings. This money is invested so that it can earn interest over time, helping your balance grow.
What it costs you
While you do not pay an upfront fee to open the account, there are management fees. These are small amounts deducted directly from your account balance to cover the costs of managing your investments.
The catch to know
Your pension amount is not fixed. You have the option to make voluntary contributions, which means you can add extra money to your account whenever you want to increase your final pension.
How to apply
- Confirm your status as a formal worker.
- Locate your assigned account through the official registry.
- Review your balance and investment performance.
- Visit the official portal for more details: https://www.gob.mx/consar