Infonavit Supports by Covid 19

In response to the Agreement declaring as a health emergency due to force majeure the epidemic of disease caused by the SARS-Cov2 virus (COVID-19) published in the Official Journal of the Federation on 30 March 2020, the Institute of the National Housing Fund for Workers (INFONAVIT) issued the support measures for workers which apply from 15 April 2020, with which it seeks to protect, the assets and economic stability of their successors.

The measures implemented by INFONAVIT are aimed at helping to alleviate the financial burden for those workers whose companies go into technical unemployment, suffer a reduction in their wages or lose their jobs and have a credit in force, as well as procedures for those who wish to purchase a home.

These support measures consist of:

• Support for accredited first semester 2020. Consisting in the application of the Universal Fund of Loss of Employment which protects the payment of the credit for up to three months with a copayment of 0%, only for credited with three or less payments ignored and the Tolerance to the payment (to defer payments of capital and interest) For three months the credit does not bear interest and the balance is kept frozen, it is applied when the federal authority determines the obligatory work stoppage or when the credited one is affected by the contingency.

• Support for workers of companies in Technical Strike first semester 2020. Through this benefit, the right-holders will be able to benefit from time-specific depreciation discounts, which can be up to 25% of the payment factor. It is only for accredited workers who work in companies that are in Technical Unemployment, for which the company must present to the INFONAVIT the request of Technical Unemployment and carry out the corresponding procedure, as well as the agreement on the temporary modification of working conditions before the labour authority.

• Support for formal employment protection for Smes. It consists in the facility for the payment of contributions and amortizations for Smes that suspend work by official disposition and the Incentive fulfillment of payment in time when requested according to the guidelines established by the INFONAVIT.

It is important to note that, in order to have access to such support, the requirements set out above and the procedures established by INFONAVIT must be met, and to bear in mind that these measures will be in place during the first half of 2020, with option to be renewed for a further 6 months.

-Employers will register their workers with the salary they receive at the time of registration.

-To determine the amount of the contributions of 5% on the salary of the workers in their service and to make their payment.

-It is the employer’s obligation to pay contributions for each worker for as long as the employment relationship exists and it shall continue until the relevant notice of leave is given

-To make the discounts to its workers in their salaries that are destined to the payment of subscriptions to cover loans granted by the INFONAVIT.

-To attend to the requests of payment and information that the INFONAVIT may formulate to them.

Finally, before taking a decision on the measures to be taken in a workplace, the payment of maintenance payments to cover loans from INFONAVIT, in favour of food creditors, should be considered, payments of credit credits granted by the National Fund for the Consumption of Workers (FONACOT), among others. It is therefore important to remember that the employer is jointly and severally liable for the breach of these obligations.

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