Overview
- Between January and July 2026 nearly 1.25 million workers withdrew unemployment money from their Afores, totaling about 27.2 billion pesos according to Consar.
- July 2026 set a monthly record with 207,348 withdrawals and the largest single‑month outflow on record, a rise regulators link to falling formal jobs that month.
- Consar chief Julio César Cervantes says unauthorized 'gestores' and former payroll providers have been temporarily registering higher wages in the IMSS to let workers claim larger Afore payouts.
- Mexican law limits an unemployment withdrawal to 10 UMAs (about 35,662 pesos) or 11.5% of an Afore balance and allows voluntary repayment, but few savers return funds and withdrawals erase IMSS contribution weeks that can delay future pensions.
- Industry groups stress the withdrawals remain a small share of assets and the system is resilient while analysts warn of longer term risk, citing Peru’s pandemic withdrawals that cut pension funds sharply and could force future fiscal or family support for retirees.