Mexico IMSS pension and retirement management

The Mexican Social Security Institute (IMSS) has introduced new regulations for Modalidad 40, a voluntary contribution scheme. These changes, published in the Official Gazette of the Federation, aim to regulate how participants join and remain in the scheme. New applicants face limits on contribution salaries, the elimination of retroactive registrations, and a requirement to use digital tools. Current participants will keep their existing conditions until their insurance period ends.

Finance Secretary Édgar Amador Zamora stated that reviewing the financing of this modality is part of a strategy to protect the Institute’s structure and public finances. Bertha Gómez Castro, Undersecretary of Expenditures at the Ministry of Finance, noted that Modalidad 40 accounts for 14 percent of total IMSS pension expenditure, a figure that has been steadily increasing.

Workers manage retirement savings through digital tools like AforeWeb or AforeMóvil to interact with Administradora de Fondos para el Retiro (AFORE) institutions. These private entities manage funds accumulated through tripartite contributions. Additionally, workers can use the IMSS Digital application to determine if they fall under Law 73 or Law 97, which dictates different contribution requirements and benefits based on when their social security contributions began.