What are they and what are they for?
Quoted week to retire At present, there are two arrangements by which employees can retire, rule 73 or by 1997…
Quoted week to retire
At present, there are two arrangements by which employees can retire, rule 73 or by 1997 law, If you started your working life under the Social Security Act of 1973, you must have contributed minimum 500 weeks, That is, 10 years of contributing to IMSS.
On the other hand, if he or she has entered the Social Security Act of 1997, it must be recognized as a minimum 1,250 weeks, i.e. about 25 years of formal work,
With the reforms in the pension system that came into effect from January 1, 2021, it is already possible that those who are 60 years old and with at least 750 weeks of contribution, can process their pension as per the IMSS Act of 1997. Huh. , Previously, at least 1,250 weeks of contributions were required and the retirement age began at age 60.
It should be noted that the former generation (1997 law) will no longer have a life annuity, like those in the 1973 law, it only touches on their savings, hence the importance of voluntary contributions.
How are quoted weeks calculated?
Recognized week for giving retirement benefits like, They are obtained by dividing the accumulated contribution days by seven.,
After you do this division, if there is a surplus of more than three days, it will be considered as another full week, if the number of days is three or less then the excess will not be taken into account.
In addition to the weeks of contribution required to access the pension, you also need to know how many weeks have passed if you want to do any other process like partial withdrawal of pension for any of the following options:
- medical care
- infovit credit