These people cannot process modality 40 in the IMSS Pension

One of the great aspirations that employees in Mexico have is to get a pension with the Mexican Social Security Institute (IMSS) at the end of their working life, but there are doubts about the options that exist and the requirements that must be met.

Therefore, on this occasion we are going to tell you all the doubts that run around this benefit and the requirements that must be met, in addition to those who cannot process the Modality 40.

Therefore, here at The Truth News We are going to explain to you what is in this modality, and we are going to explain to you who can acquire this benefit and who cannot.

Who cannot process Modality 40?

In many cases, the Pension is an economic reward that is the result of the effort of many years and in most cases it is to have a decent old age and to have it you need to comply with a certain number of weeks of contributions and other things.

However, this becomes more important if we mention that at the end of November 2021 the number of IMSS pensioners and retirees reached almost 5 million according to data from the specialized website Statista, but it must also be emphasized that the number received by each person is determined by means of the individual salary, so it is not the same for everyone.

The people who can only access this modality are those who started their working life before July 1997, apart from that, the status of rights, amounts and limitations must be reviewed to avoid setbacks.

You must also have 52 weeks of contributions within the last five years prior to the loss, be an inactive worker, that means not contributing to the IMSS and the average salary will be determined according to the last five years of contributions.

Nor can this modality be accessed if we already choose another such as 44 that corresponds to independent workers as well as those who still work formally without exception.

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What is Mode 40?

Now with this clear, and returning to the issue of pensions, IMSS Modality 40 is a benefit that allows workers who began contributing to the IMSS before July 1, 1997 to make voluntary contributions on their own to improve two Aspects that determine the amount of pension they will receive:

Increase the average salary of the last 5 years of contributions

Add more weeks quoted before the IMSS

People who seek to retire from the IMSS under the law of 73 must meet the following requirements:

• Be at least 60 years old at the time of submitting the pension request for Unemployment in Advanced Age and 65 years old for Old Age
• Have at least 500 weeks quoted before the IMSS
• Stop contributing to the IMSS, without allowing more than 5 consecutive years to pass

Therefore, after ceasing to contribute to the IMSS, with Modality 40 you can add weeks of contribution with each payment you make on voluntary contributions, apart from registering with a salary considerably higher than the last one you contributed, you can increase your contribution as much as possible. average salary and therefore improve your pension.

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