Mexico - Apply for Designation of Substitute Beneficiaries under the Individual Account Regime at ISSSTE

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Procedure

Apply In-Person:

1. To Apply for Designation of Substitute Beneficiaries under the Individual Account Regime at ISSSTE, the applicant has to approach the Institute of Security and Social Services for State Workers– link
2. An application form will be provided to the applicant by the concerned officer.
3. The applicant has to fill in all the necessary details in the application form. (Incomplete applications are not accepted)
4. Make sure that the applicant has attached all the necessary documents that are mentioned in the “Required Documents” section of this page.
5. The applicant has to attach the photocopies of the required documents along with the application form while submitting.
6. Submit all the documents with the completed form to the concerned officer.
7. The applicant has to pay the prescribed fee as requested by the authority.
8. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
9. An acknowledgment receipt will be provided. Please save it for future reference.
10. Then the application will be processed further. All the updates on the application status will be sent via SMS to the applicant’s mobile number.
11. ISSSTE will review the application and decide regarding the designation of substitute beneficiaries. They will notify them of their decision in due course.
12. This entire process can be completed within 3 - 4 weeks or as per the timeline advised by the respective department authority.

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Required Documents

• Application form
• Valid identification documents (e.g., passport, voter ID card, driver's license).
• Proof of address (e.g., utility bill, bank statement).
• Proof of relationship
• Death Certificate
• Proof of Legal Status
• Any Other Required Document

Office Locations & Contacts

Institute of Security and Social Services for State Workers


Instituto de Seguridad y ServiciosSociales de los Trabajadores del Estado
Jesús García Corona 140 Col. Buenavista 06350 Mexico City
Telephone: 51409617
Citizen Attention: 54488903
Email - [email protected]
Contact link – link

Eligibility

To be eligible to apply for Designation of Substitute Beneficiaries under the Individual Account Regime at ISSSTE in Mexico, you must meet the following requirements:

• They must be a member of ISSSTE.
• They must be at least 18 years old.
• They must have a pension savings account.
• They must not have designated any beneficiaries yet.

Fees

• The applicant has to pay the prescribed fee as requested by the authority.

Validity

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Documents to Use

Please attach documents that can be used by people. e.g. links

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• This entire registration process can be completed within 3 -4 weeks or as per the timeline advised by the respective department authority.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
• Applicants must provide genuine information while applying for this procedure.

Required Information

• Name
• Address
• ZIP code
• Gender
• Mobile number
• Fax
• Account details
• Reason for Designation
• Witnesses
• Date and signature

Need for the Document

• The ISSSTE Individual Account Regime is a retirement savings plan for public servants in Mexico. Under this regime, participants can designate substitute beneficiaries to receive their retirement benefits in the event of their death.

Information which might help

There are several benefits to designating substitute beneficiaries under the Individual Account Regime at ISSSTE in Mexico. These benefits include:

• The substitute beneficiaries will be able to receive the death benefits of the insured person, even if they are not the legal heirs.
• The substitute beneficiaries will not have to go through the probate process, which can be time-consuming and expensive.
• The substitute beneficiaries will be able to receive the death benefits more quickly, as the process does not require court approval.

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

link

Others

More information which might help.