Retirement Planning - Mexico: AFORE and Private Plans

For employees in Mexico who want to understand their retirement options and plan ahead.

Format
Live online or in person
Length
30 minutes to full day
Topic
Financial Wellbeing
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About this session

Mexican retirement planning becomes much easier to understand once one misconception is removed: having an AFORE account and belonging to a pension regime are not the same thing.

An employee can have an individual AFORE account while their eventual pension rights are determined under very different IMSS or ISSSTE rules.

This session starts by mapping the complete retirement system.

Participants identify the AFORE that administers an individual account, review statements and contribution information, distinguish SIEFORE investments from the AFORE itself, and learn how beneficiaries and voluntary savings fit into the account.

They then explore how IMSS Régimen 1973 and Régimen 1997 differ conceptually, why ISSSTE Décimo Transitorio and individual-account retirement also need to be separated, and which official institution is responsible for confirming a participant's pension rights.

The later modules move from accumulation toward retirement income. Participants examine Renta Vitalicia, Retiro Programado and Pensión Garantizada where applicable, the long-term effect of partial retirement withdrawals, and the role of additional voluntary AFORE saving.

They then explore Planes Personales de Retiro and other private retirement arrangements as additional resources rather than automatic solutions.

The session finishes with a Mexico Retirement Review Checklist that brings pension regime, AFORE, voluntary savings, private plans, beneficiaries, expected retirement income and unresolved specialist questions into one repeatable review.

What your people take away

  • Understand the difference between an AFORE account and the pension regime that determines retirement rights
  • Review AFORE account information, SIEFORE investment structure, net-return information, commissions, services and beneficiaries
  • Distinguish the major IMSS and ISSSTE retirement frameworks without attempting an individualized pension calculation
  • Understand voluntary AFORE saving, pension-income routes and the retirement impact of accessing savings early
  • Compare PPRs and other private retirement resources by characteristics and build a repeatable Mexico Retirement Review Checklist

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  • What each length covers, 30 minutes to full day
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What each length covers

30 minutes

30 Minutes — Key Points: Map Your Mexican Retirement System

A focused 30-minute session on three key points from Map Your Mexican Retirement System: separate the AFORE account from the pension regime, identify which institution owns which question and read the retirement account & contribution record.

  • Separate the AFORE account from the pension regime
  • Identify which institution owns which question
  • Read the retirement account & contribution record

Covers 3 of 4 points in Map Your Mexican Retirement System.

60 minutes

60 Minutes — Module 1: Map Your Mexican Retirement System

Start with the distinction that prevents the most confusion: the AFORE account is not the pension regime. Participants identify the social-security system relevant to their employment, locate the AFORE account, distinguish pension regime from account administrator, and build a map showing where mandatory contributions, SIEFORE investments, beneficiaries, and retirement rights sit.

  • Module 1: Map Your Mexican Retirement System
  • Mexico Retirement System Map
  • AFORE Account vs Pension Regime
  • IMSS vs ISSSTE Retirement Framework
  • AFORE Account & Contribution Record
  • Beneficiary & Retirement Information Checklist
  • Live Q&A

Covers 1 of 4 parts: Map Your Mexican Retirement System.

90 minutes

90 Minutes — Modules 1 and 2: Map the System & Understand Your AFORE

Build on the pension-system map with practical AFORE literacy. Participants review account information, learn how SIEFORE Generacionales work, understand the role of net returns, commissions and services, distinguish mandatory from voluntary saving, and identify transfer or withdrawal questions without being encouraged to change AFORE or investments.

  • Module 1: Map Your Mexican Retirement System
  • Module 2: Understand Your AFORE, SIEFORE & Retirement Savings
  • AFORE Statement & Account Decoder
  • SIEFORE Generacional Explainer
  • IRN, Commissions & Services Review
  • Mandatory vs Voluntary Retirement Savings
  • Live Q&A

Covers 2 of 4 parts: Map Your Mexican Retirement System and Understand Your AFORE, SIEFORE & Retirement Savings.

3 hours

Covers 3 of 4 parts: Map Your Mexican Retirement System, Understand Your AFORE, SIEFORE & Retirement Savings and Understand Your Pension Regime & Retirement Income.

Full day

Full Day — Complete Mexico AFORE & Private Retirement Workshop

Explore all four modules with time for account review, SIEFORE education, pension-regime scenarios, retirement-income comparisons, voluntary-saving questions, and private-plan analysis. Participants learn how AFORE savings, IMSS or ISSSTE pension rights, and additional private retirement resources fit together and leave with a Mexico Retirement Review Checklist rather than a prescribed AFORE, pension route, contribution, investment, insurer, or private plan.

  • Module 1: Map Your Mexican Retirement System
  • Module 2: Understand Your AFORE, SIEFORE & Retirement Savings
  • Module 3: Understand Your Pension Regime & Retirement Income
  • Module 4: Build Retirement Resources Beyond Mandatory AFORE Saving
  • AFORE account and statement review
  • SIEFORE, net-return and commission exercise
  • IMSS Régimen 73 vs Régimen 97 scenarios
  • ISSSTE pension-regime distinction
  • Voluntary AFORE saving and withdrawal-risk exercise
  • PPR and private retirement plan comparison
  • Mexico Retirement Review Checklist
  • Live Q&A

Covers all 4 parts.

Also available as a 4-week or 8-week program, for change that lasts. Ask us about it.

What’s covered

Map Your Mexican Retirement System

Every length
  • Separate the AFORE account from the pension regimeParticipants learn that an AFORE administers an individual retirement account, while the legal pension regime determines how retirement rights are calculated and paid.
  • Identify which institution owns which questionParticipants distinguish the roles of CONSAR, the AFORE, IMSS, ISSSTE, PENSIONISSSTE, SAT and other retirement providers.
  • Read the retirement account & contribution recordParticipants learn how to locate AFORE administration, contribution and account information and identify missing or unclear employment-linked retirement records.
  • Keep beneficiaries & other retirement resources visibleParticipants identify where beneficiary information should be checked and learn why survivor-pension rights, designated AFORE beneficiaries, housing-related subaccounts and private retirement resources can follow different legal rules.

Understand Your AFORE, SIEFORE & Retirement Savings

90 minutes and longer
  • Understand what the AFORE doesParticipants learn how an AFORE administers the individual account and why registration, identification, contribution records and account maintenance matter.
  • Understand how siefore generacionales invest the savingsParticipants learn that retirement resources are invested through SIEFOREs and that the current generational model links investment management with the worker's cohort and retirement horizon.
  • Compare net returns, commissions & services consistentlyParticipants use current CONSAR concepts such as Indicador de Rendimiento Neto, commission information and service indicators to understand the factors that can differ between AFOREs.
  • Distinguish mandatory saving, voluntary saving & early accessParticipants distinguish mandatory retirement contributions from additional voluntary savings and learn why different contribution types can have different liquidity, investment and tax rules.

Understand Your Pension Regime & Retirement Income

3 hours and longer
  • Distinguish IMSS Régimen 1973 from Régimen 1997Participants learn why the date and history of IMSS affiliation can place workers under materially different retirement frameworks.
  • Distinguish ISSSTE Décimo Transitorio from individual accountsParticipants learn that an ISSSTE worker can have an AFORE or PENSIONISSSTE account without necessarily being pensioned under the individual-account regime.
  • Understand Renta Vitalicia, Retiro Programado & Pensión GarantizadaFor applicable individual-account pension regimes, participants compare the high-level mechanics of insurer-backed Renta Vitalicia, AFORE-administered Retiro Programado, and Pensión Garantizada where statutory conditions are met.
  • Build the retirement claim & verification pathParticipants learn that the relevant social-security institution confirms pension eligibility and issues the pension decision.

Build Retirement Resources Beyond Mandatory AFORE Saving

Full day only
  • Understand voluntary retirement saving without assuming more is always betterParticipants learn that additional AFORE saving can use structures with different liquidity, intended holding periods and tax characteristics.
  • Understand PPRs as a retirement framework — not one productParticipants learn that a qualifying Plan Personal de Retiro can be structured through different authorized financial institutions and can contain materially different investment, insurance, guarantee, fee, access and payout characteristics.
  • Compare private retirement plans by characteristicsParticipants compare supplied PPR, annuity, insurance-based retirement and long-term savings examples through purpose, contribution commitment, liquidity, fees, guarantees, non-guaranteed benefits, investment exposure, inflation risk, provider risk, surrender conditions, beneficiary treatment and payout options without ranking a product or provider.
  • Build one Mexico Retirement Review across all the layersParticipants connect contributory pension rights, AFORE resources, voluntary savings, PPRs, other personal assets, housing, healthcare, inflation, longevity, family responsibilities and beneficiary questions in one review.
Live Q&ATime for your people’s questions, answered by the expert.
60 minutes and longer

Tools and materials

  • Mexico Retirement System Map
  • Mexican Retirement Terminology Guide
  • AFORE Account vs Pension Regime Guide
  • Retirement Information Source Finder
  • AFORE Statement & Account Decoder
  • AFORE Account Administration Checklist
  • Beneficiary & Record Review
  • SIEFORE Generacional Explainer
  • IRN & Commission Review
  • AFORE Comparison Questions
  • IMSS Pension Regime Comparison
  • ISSSTE Retirement Framework Map
  • Pension Regime Verification Questions
  • Voluntary AFORE Savings Map
  • Retirement Saving vs Early Access Questions

How booking works

  1. Book online. Create a free Workbliss profile, then pay with session credits, by card or by invoice.
  2. Pick a date. Choose a date at least 14 days ahead, or book now and set the date later.
  3. Choose your expert. Within 3 working days, we send you profiles of the experts available for your date.
  4. We deliver it. Your expert is briefed on your people and goals, then runs the session live online or at your site.

Questions about Retirement Planning - Mexico: AFORE and Private Plans

How long is Retirement Planning - Mexico: AFORE and Private Plans?

Retirement Planning - Mexico: AFORE and Private Plans runs as 30 minutes, 60 minutes, 90 minutes, 3 hours or full day. You choose the length when you book. A 30-minute session covers three key points from Map Your Mexican Retirement System: separate the AFORE account from the pension regime, identify which institution owns which question and read the retirement account & contribution record. A 60-minute session covers Map Your Mexican Retirement System in full, with a live Q&A. A 90-minute session adds Understand Your AFORE, SIEFORE & Retirement Savings. A 3-hour session adds Understand Your Pension Regime & Retirement Income. A full-day session adds Build Retirement Resources Beyond Mandatory AFORE Saving. It is also available as a 4-week or 8-week program.

Can Retirement Planning - Mexico: AFORE and Private Plans be delivered online or in person?

Yes, both. It runs live online, so every office can join at the same time, or in person at your site, in any country.

How do we book Retirement Planning - Mexico: AFORE and Private Plans?

Create a free Workbliss profile with your work email, then open Retirement Planning - Mexico: AFORE and Private Plans to see the price for each length and book it. You can pay with session credits, by card or by invoice, and choose a date at least 14 days ahead, or set it later.

Who leads the session?

A vetted Workbliss expert, briefed on your people, culture and goals before the session. After you book, we send you profiles of the experts available for your date within 3 working days, so you can choose who leads it.

Can it be tailored to our company?

Yes. Every session is shaped around your goals, your people and the benefits you already offer, and delivered by experts in your people’s languages.

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