Regulatory Alerts2016-10-18 | DOF 5457029Added
Modifications and Additions to the General Provisions on Operations of the Retirement Savings Systems
The National Retirement Savings System Commission amends Articles 149 bis D, 197, 210, 249, and 436 bis, and adds Article 210 ter to the General Provisions on Operations of the Retirement Savings Systems. These changes establish specific requirements for the electronic files of minors who do not contribute to Social Security Institutes, including the use of parental signatures and the exclusion of certain mandatory data fields. Additionally, the modifications mandate that administrators verify the validity of private pension plans before processing resource disposition requests and require the liquidation of such resources within five business days of confirmation. The entry into force of these provisions is scheduled for the next business day following their publication in the Official Gazette.
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