Mexico implements new regulations for IMSS Modalidad 40 pension scheme

The Mexican Social Security Institute (IMSS) has introduced new regulations for Modalidad 40, a voluntary contribution scheme for the mandatory regime. According to an agreement published in the Official Gazette of the Federation, the changes aim to regulate the incorporation and permanence of participants in the scheme.

Key changes for new applicants include limits on contribution salaries, the elimination of retroactive registrations, and the requirement to use digital tools for all procedures. Current participants will maintain their existing conditions until their current insurance period ends. The IMSS will also conduct a financial analysis to determine if further modifications are necessary.

Bertha Gómez Castro, Undersecretary of Expenditures at the Ministry of Finance (SHCP), reported that Modalidad 40 currently accounts for 14 percent of the total pension expenditure paid by IMSS, a figure that has been steadily increasing. Finance Secretary Édgar Amador Zamora stated that reviewing the financing of this modality is part of a broader strategy to protect the Institute’s structure and public finances from practices that affect fiscal stability.