As of November 2021, the accumulated collection of employer-employee fees is 348.724 million pesos, the highest historical collection figure in the IMSS since it has been registered. With this figure, a surplus of more than 7,500 million pesos is reached, obtaining income higher than 28,245 million pesos more than that registered in the same period of 2020 (320,479 million pesos), which represents a growth of 8.8% nominal and 3.1% real. The increase in income is a direct result of the strategies and improvements in the acts of authority, as well as the favorable evolution of the employment and salary indicators registered in the IMSS.
From 2018 to 2021, the percentage of annual collection of worker-employer quotas as a proportion of GDP went from 1.38% to 1.54%, an increase of 0.16 pp. To put this data into perspective, between 2006 and 2018, the percentage of annual collection of quotas Employer workers as a proportion of GDP increased 0.13 pp. Currently, the amount of collection with respect to GDP is at the highest historical proportion.
The collection of worker-employer fees is vital for the operation of the Mexican Social Security Institute, $ 93 out of every $ 100 of IMSS income comes from the collection of fees and is used to cover benefits associated with the social security of the beneficiaries, Hence, taking care of the financial health of the Institute is a fundamental task that requires timely, effective and efficient actions.
Despite the economic environment that was observed during 2021 as an effect of the health emergency derived from the SARs-Cov-2 virus, different actions were implemented that made it possible to strengthen control and collection, which goes hand in hand with close monitoring with the sector Employers’ association to guide the correct interpretation of the regulatory framework, mainly in relation to the Labor Subcontracting Reform, have allowed historical income and above economic expectations.
The increases in collection observed in 2021 are directly associated with acts of inspection and collection with greater efficiency, driven by improvements in the processes of monitoring the acts of inspection, the consolidated notification of credits, which consists of all the Tax credits associated with the same employer registration are notified in a single act of authority, allowing to increase collection and productivity by 142% compared to 2020 and 69% compared to 2019.
Although the Reform on the Subcontracting of Personnel did not have a collection purpose, in practice an improvement was observed in the salaries associated with migrant workers (2.9 million workers), which translates into an increase in collection by 2.7 one billion pesos.
On the other hand, the favorable evolution of employment in recent months, as a result of the formalization and fiscal presence, resulted in reaching a new historical maximum in the level of jobs registered in the IMSS (20.9 million workers), which generated revenues of 5.1 billion pesos.
It is worth mentioning that the policy of increases to the minimum wage benefits the increase in quotas, however, by itself it does not constitute the main reason for the increases observed in collection. On the one hand, it must be borne in mind that less than 1% of workers affiliated to the IMSS are registered with a salary equal to the minimum and on the other hand, approximately 7 out of every 10 pesos of employer fees come from the fixed fee of the Sickness and Maternity Insurance, which is updated in accordance with the Measurement and Update Unit (UMA).
Another element that contributes to the increase in collection is the policy of expanding the insured base, an action promoted through pilot programs for domestic workers and independent workers that, in addition to currently benefiting more than 50 thousand people and their households with access to social security, generates a monthly collection of more than 60 million pesos, which makes these schemes contribute to the financial health of the IMSS.
Finally, it is estimated to close 2021 with an accumulated collection for employer-employee fees of $ 381.5 billion pesos, 31.7 billion pesos more than that registered in 2020. Which would lead to reaching a surplus of 9 billion pesos.
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Reference-www.eleconomista.com.mx