EconomyAfore withdrawals for unemployment add three months of growth

Afore withdrawals for unemployment add three months of growth

Unemployment withdrawals add three consecutive months of growth at the nominal rate to July.

In the first seven months of the year, unemployment withdrawals accumulate 12,742.1 million pesos, 2.7% more than in the same period of 2021, according to official figures.

Unemployment withdrawals are an option for people who worked formally and who lost their jobs to obtain certain resources from their account.

In July alone, the workers who requested this support withdrew 1,959 million pesos, 3% more than in July 2021.

The Afores where the most withdrawals were registered are Coppel, Azteca and XXI Banorte.

The requirements to withdraw money from the Afore for unemployment is to have more than 45 days without a job before the IMSS, not have made withdrawals for this concept in 5 years and have more than two years with an Afore.

As a consequence, weeks of contributions that are necessary for the pension are deducted.

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People who started working and have not chosen an Afore receive a return of only 3% for the contributions made by their employer, a lower level when compared to current inflation.

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