Guaranteeing Full Salary Pensions for Retirees: Mexico’s President Takes Bold Step
MEXICO CITY, Mexico – Mexican President Andres Manuel Lopez Obrador is proposing a new pension plan that would guarantee citizens a retirement income equal to their full salaries. If approved, this new plan would significantly increase pension benefits for workers in Mexico. The current pension system in Mexico is based on the number of weeks worked, the worker’s salary, and their age at retirement. Under the proposed plan, workers would be guaranteed a pension amount …