every quarter pension funds Porvenir, Protección, Colfondos and Skandia They send their affiliates by email, physically or by text message an extract with the movements that their pension account has had.
(You can also read: This is the monetary quota that the boxes must deliver in 2023)
In this statement people can verify the amount of their mandatory or voluntary contributions (if applicable) a pension, as well as the returns obtained or the balance saved on the cut-off date.
Likewise, workers will be able to see how many weeks have been listed or the multi-fund where they have their contributions, whether it is the conservative, the moderate or the highest risk.
«It is very important to bear in mind that having this information allows the affiliate to find out how their pension savings are going and make decisions on time to ensure a peaceful old age,» they say from Porvenir.
Contributions to pension funds are made by both the employer and the employee.
Tips for reading the pension statement:
To better understand the importance of this document, Porvenir shared some tips for reading this document. pension statement:
– Verify that the information in the ‘affiliate information’ section is correct, since having them updated is key when starting a pension benefit application process.
– Check that the affiliation time coincides with their worked periods. In the statement, you can find the total number of weeks contributed, both in the public and private schemes, and thus you can follow up on your work history.
– Find the behavior of the yields of your pension savings. According to Porvenir, at this point it is important to take into account that these can be fixed or variable, positive or negative and, in this context, the returns must be analyzed in long-term periods, which end up representing «between 40 percent and up to 70 percent of the resources of the pension account».
– Identify the multifund What are your quotes? The affiliate has the possibility of choosing the fund profile: conservative, moderate or higher risk, and this choice is key depending on the moment in life in which the affiliate finds himself, pension expectations and risk tolerance.
– If you do not receive your pension statement, you should contact your fund or check the channels you have for that purpose.
Porvenir has a new tool that allows affiliates to monitor their pension savings. This is a personalized video summary of your individual account, which lasts one minute and 30 seconds and is sent every three months with the pension statement.
*With information from Future
