Mexico’s president wants to guarantee people pensions equal to their full salaries when they retire
10 months, 2 weeks ago

Mexico’s president wants to guarantee people pensions equal to their full salaries when they retire

Associated Press  

MEXICO CITY — Mexico’s president said Monday he will propose guaranteeing people pensions equal to their full salaries at the time they retire, something done by no other country, not even those much richer than Mexico. It may be just electioneering: López Obrador leaves office in September, and he really wants his party’s candidate, former Mexico City mayor Claudia Sheinbaum, to win the presidential elections. But she notes it is also “a way of setting the political agenda for the next administration, a way of placing his imprint on the next administration.” For the moment, López Obrador doesn’t have the votes in Congress to get the reforms passed, given that they require a two-thirds vote to amend the Constitution, and opposition parties are not likely to go along with it in the few months he has left in office. López Obrador has made other unfulfilled promises in the past, like pledging Mexico would have a health care system “better than in Denmark.” That is something that has obviously not come to pass in Mexico’s crowded, ill-equipped hospitals, which frequently lack medications.

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