Overview
- The retirement system’s assets reached roughly 24% of GDP after plusvalías of 1.14 trillion pesos, the highest annual gains since the SAR was created.
- Afores posted net profits of 14,348 million pesos in 2025, up 30%, while commission income rose 15% to 40,105 million pesos despite a lower average fee of 0.55%.
- Withdrawals for unemployment set new records with 39,118 million pesos and 1.94 million transactions in 2025, according to Consar.
- Consar links the surge to illegal intermediaries who charge for free procedures, while the Afores’ trade group points to higher wages and larger account balances as drivers of bigger withdrawal amounts.
- Afores have funneled more than 2.2 trillion pesos to Mexican companies and over 1 trillion to infrastructure, with mandatory contributions set at 10.5% in 2026 under the 2020 reform and fees projected to edge down to 0.54%.