Regulatory Alerts2021-06-29 | DOF 5622405Added · Updated
Modifications and Additions to the General Provisions on Operations of the Retirement Savings Systems
The National Commission for the Retirement Savings Systems modifies and adds to the General Provisions to implement the 2021 Pension Reform, allowing the coexistence of Life Annuity and Programmed Withdrawals. It establishes procedures for beneficiaries to access individual account resources without prior judicial recognition, eliminates the Transfer Knowledge Sheet and Recertification process to reduce operational costs, and introduces a single-lump-sum withdrawal for unemployment. Additionally, it creates a new chapter for returning resources deposited in the wrong social security institute and establishes a specific chapter for information exchange via standardized Application Programming Interfaces.
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