Withdrawals
Withdrawals of funds from these accounts is possible under certain situations such as:
- Old age. Funds can be withdrawn on or after reaching the age of 65.
- Layoffs. A maximum of 10% of the funds can be withdrawn on or after the day 46 of being unemployed. This option can be exercised every five years.
- Marriage. A maximum of 30 days of minimum wage in the Federal District can be withdrawn for wedding expenses.
- Home purchase. The funds in the housing sub-account can be withdrawn to buy a house. If these funds are not used before retirement they can be withdrawn then.
- Death
- Accidents and illnesss leading to disability
Read more about this topic: Retirement Funds Administrators