Mexico - Apply for Voluntary Savings Withdrawal at PENSIONISSSTE (Institute of Security and Social Services for State Workers)

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Procedure

Apply In-Person:

1. To Apply for Voluntary Savings Withdrawal at PENSIONISSSTE (Institute of Security and Social Services for State Workers),the applicant has to approach the PENSIONISSSTE 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. PENSIONISSSTE will review the application and documentation to verify their eligibility and the legitimacy of the withdrawal purpose. This process may take some time, so be prepared for possible delays.
12. Once the application is approved, they will receive notification from PENSIONISSSTE regarding the disbursement of funds.
13. The funds may be directly deposited into the bank account or provided through other means, depending on your preference and the purpose of the withdrawal.
14. This entire process it can take several 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).
• CURP (Clave Única de Registro de Población).
• Proof of the purpose of the withdrawal (e.g., a real estate purchase agreement, medical bills, tuition invoices, etc.).

Office Locations & Contacts

PENSIONISSSTE
Blvd. Adolfo López Mateos, 2157, Colonia Los Alpes,
01010 Mexico City
Telephone: 55 5062-0500
Email: [email protected]
Contact- link

Eligibility

To be eligible to apply for a Voluntary Savings Withdrawal (VSR) at PENSIONISSSTE in Mexico, you must meet the following requirements:

• Be a Mexican citizen.
• Be a public-sector worker who is affiliated with ISSSTE.
• Have at least 15 years of service with an ISSSTE-affiliated employer.
• Be at least 60 years old for men and 55 years old for women.
• Have a minimum balance in your voluntary savings account.

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 it can take several 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
• Medical Expenses
• Education Expenses
• Unemployment or Disability
• Tax Identification Number (RFC)

Need for the Document

• A Voluntary Savings Withdrawal (Pago por Liquidación de Cuenta Individual) at PENSIONISSSTE (Institute of Security and Social Services for State Workers) in Mexico is a way for workers to withdraw their voluntary savings from their individual retirement account (IRA).

Information which might help

The benefits of a Voluntary Savings Withdrawal at PENSIONISSSTE (Institute of Security and Social Services for State Workers) in Mexico are:

• They can withdraw your savings at any time, even before you reach retirement age.
• They can choose to receive your savings in a lump sum or in monthly payments.
• The amount of your withdrawal will be determined by the amount of your savings and the interest that has accrued.

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

Here are some additional things to keep in mind about Voluntary Savings Withdrawals:

• They will lose the opportunity to earn interest on your savings if you withdraw them before you reach retirement age.
• Ifwithdraw the savings before you reach retirement age, you may have to pay taxes on the amount that you withdraw.