Mexico’s National Commission of the Retirement Savings System (Comisión Nacional del Sistema de Ahorro para el Retiro – CONSAR) is committed to providing Mexican workers with guidance and education on financial and social security matters, specifically in relation to saving for old age. The “CONSAR Collection of Retirement Savings Calculators” (hereinafter Calculators) groups together tools designed for people who will retire under defined-contribution pension systems with individual accounts. They aim to estimate the pension sum these people will receive and give information on possible measures to increase it.
The Calculators were pioneering tools in the sector. Since their creation, different Retirement Fund Administrators (Administradoras de Fondos para el Retiro – AFORE), which are the financial entities that manage the resources of individual pension accounts in Mexico, have also designed their own applications for estimating pensions.
The Calculators are continuously being revised and updated to meet the needs of users.