Modification to the General Provisions on the Operations of the Retirement Savings Systems

DOF: 10/12/2020

MODIFICATION to the General Provisions on the Operations of the Retirement Savings Systems

At the margin, a seal with the National Coat of Arms, which reads: United Mexican States.- TREASURY.- Ministry of Finance and Public Credit.- National Commission of the Retirement Savings System.

MODIFICATION TO THE GENERAL PROVISIONS ON THE OPERATIONS OF THE RETIREMENT SAVINGS SYSTEMS

The President of the National Commission of the Retirement Savings System, based on the provisions of Articles 1, 2, 5 fractions I, II, III, IV, VI, VII, XIII bis and XVI, 12 fractions I, VI, VIII and XVI, 18, 18 bis, 19, 20, 21, 25, 26, 29, 30, 31, 36, 37, 37 A, 37 C, 39, 40, 41, 43, 47, 47 bis, 53, 57, 58, 59, 64, 64 bis, 64 ter, 65, 70, 74, 74 bis, 74 ter, 74 quáter, 74 quinquies, 76, 77, 78, 79, 80, 88, 89 90 fractions II, IV and XIII, 91, 99, 111 and 113 of the Law of the Retirement Savings Systems; 167, 175, 176, 177, 179, 181, 182, 187, 188, 191 fraction II, 192, 195, 198 and 200 of the Social Security Law; 2, 13, 21, 26, 64, 76, 77, 78, 83, 87, 91, 93, 97, 98, 100, 101, 102, 105 fraction VII, 106, 108 fraction II, subsection c, 119 and 123 fraction II, as well as Fifth, Seventh, Tenth, Eleventh, Twenty-second, Twenty-fourth, Twenty-fifth, Twenty-sixth and Twenty-seventh Transitional Provisions of the Decree by which the Law of the Institute of Security and Social Services for State Workers is issued; 1, 5 last paragraph, 29 fraction II, 34, 38, 40, 43, 43 bis and Eighth Transitional Provision of the Law of the National Housing Fund for Workers; 1, 14, 15, 16, 23, 25, 28, 29, 30, 31, 32, 33, 34, 35, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 59 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 106, 109, 110, 111, 112, 113, 114, 115, 116, 117, 118, 119, 120, 121, 122, 123, 139, 140 and 154 of the Regulations of the Law of the Retirement Savings Systems; 1, 2 fraction III and 8 first paragraph of the Internal Regulations of the National Commission of the Retirement Savings System, and

CONSIDERING

That it is necessary for retirement fund administrators to have more time to adapt their technological infrastructure, systems and internal operations to comply with the general provisions on the operations of the Retirement Savings Systems, regarding the elimination of the Transfer Certificate Folio, and

That it is also necessary to extend the deadline granted to the companies operating the National SAR Database for the elimination of the Transfer Certificate. The foregoing to favor its correct implementation and reduce the incidence of inconsistencies and errors that could affect the interests of Workers, has resolved to issue the following:

MODIFICATION TO THE GENERAL PROVISIONS ON THE OPERATIONS OF THE RETIREMENT SAVINGS SYSTEMS

SINGLE. - Article 1, paragraph two, fraction I, of the Transitional Provisions, of the Modifications and additions to the general provisions on the operations of the retirement savings systems published in the Official Gazette of the Federation on May 15, 2020, is MODIFIED, to read as follows:

" ARTICLE 1. -

...

I.

...

The modifications and derogatory actions, relating to the elimination of the Transfer Certificate Folio, will enter into force on February 18, 2021.

II. ... "

TRANSITIONAL

SINGLE. - This modification will enter into force on the business day following its publication in the Official Gazette of the Federation.

With the entry into force of this modification, all those provisions that contravene these are repealed.

Mexico City, December 3, 2020.- The President of the National Commission of the Retirement Savings System, Abraham E. Vela Dib.- Signature.

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