An elderly person reads his newspaper in the streets of CDMX. (Photo: Cuartoscuro)

Some people in Mexico will be able to live a full life or enjoy a better life as an adult with a better pension. An opportunity that will be available to people belonging to the 1973 scheme, i.e. those who started contributing before July 1, 1997 at the Mexican Social Security Institute (IMSS).

This is the diagram of the IMSS 40 modalitywhich some may consider as inflating the amount of their pension, since it allows voluntary contributions and, therefore, the number of weeks of contributions.

According to the IMSS, insured persons who have left the compulsory scheme enter this type of pension and the good news is that it is a simple procedure which can be considered both in person and digitally.

This is an opportunity for people who want to increase their average salary over the past five years cited, i.e. set an amount and pay each month during this period to increase the salary amount.

An elderly woman shops at a market in La Merced.  Photo: Karina Hernandez / GlobeLiveMedia
An elderly woman shops at a market in La Merced. Photo: Karina Hernandez / GlobeLiveMedia

Since the amount will be determined according to the amount chosen by the citizen, some people can accumulate a pension of more than 65,000 pesos. With this modality, the interested party can select the amount as long as it does not exceed the limit of 25 times minimum wage.

Consider enrolling in the modality with a higher salary compared to the one you quoted last time.

For example: if the last salary was 10,000 per month, but you want to double it, then you will consider joining this program with 20,000 pesos, that is, you will consider a salary payment of 20 units of measure and update (A) monthly.

If the daily payment is 103.74 to datethen multiplied by 20 UMA, the contribution would be 2 thousand 74 pesosthis result would be multiplied by 30 days (one month)

Thus, a pension of up to 62 thousand 244 pesos per month.

Which means that the more contributions you make, the more noticeably the increase will be reflected.

This is an opportunity to increase your pension.  (Photo: Pixabay)
This is an opportunity to increase your pension. (Photo: Pixabay)

-Enter the following link. Here

-Enter your Unique Population Registry Code (CURP).

-Have a personal email account handy.

It should be remembered that the percentage will be variable and will change every year, since it will be adjusted according to the selected salary.

The institute also informed that policyholders who wish to join, can choose to continue protected from the date they choose between the date of their application for registration in the voluntary continuation or the day after their discharge, and must take in any event, costs that have not been reported to the Institute.

For registration, the first installment you select should be covered and in case of cancellation due to late payment, you should consider paying the retroactive payments and with the corresponding supplements to be able to be unloaded again.

It will be important to recall that, since the entry into force of the Social Security Act of 1997, the voluntary maintenance in the mandatory scheme does not create the right to medical services. You have the possibility of contracting them independently through the family health insurance in accordance with the relevant regulations (article 64 of the regulations of the social security law on affiliation, classification of companies, collection and inspection).

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