Before the economic crisis in the country due to the pandemic and other financial problems, many people who are members of the Mexican Social Security Institute (IMSS) have been left out of work, so that this could affect their future and that of their dependents. However, they have chosen to continue contributing to their IMSS 2022 Pension under Mode 40 and wonder if this payment can be inherited.
Mode 40 of the IMSS, also known as Voluntary continuance in the compulsory System, is a scheme that allows workers, who have been discharged by their employer, to make contributions, to add weeks of work and to increase their pensions.
It is worth mentioning that those who can join this alternative of the IMSS 2022 Pension are those who are in regime 73 and started to contribute before 1 July 1997, so if they want to continue to make contributions to Mode 40, there are several benefits.
Because in order to be in option 40 of Pension IMSS 2022 it is necessary to have completed an employment relationship, one of the drawbacks is that you will no longer have health insurance, but others are covered which are the following:
In the event of an accident and the estimation of a medical practitioner at the IMSS, a partial or permanent disability pension may be granted.
Upon reaching the age of 65 and contributing under Mode 40, the insured person shall have the option of choosing a 100 per cent pension according to age and other applicable criteria.
When you are between 60 and 64 years of age, the insured person may withdraw from Mode 40 and receive a pension from 75 per cent to 95 per cent depending on his or her age and other applicable criteria.
Can you inherit the payment with Mode 40 of Pension IMSS 2022?
By means of the "Disability and life" insurance of the IMSS 2022 Pension of Mode 40, you can inherit the payment in case the beneficiary dies, as it gives you the option of leaving a widow's or orphan's pension for the children or even one of descent for their parents.
Thus, for all those who are members of the IMSS 2022 Pension and who are in Mode 40, there is the possibility of inheriting the payment for their retirement. However, only in the event of death, if there are legal beneficiaries such as wife or concubine, children under 18 years of age or parents who are financially dependent on the insured, will they be eligible for the financial benefit.