The index rates the adequacy, sustainability and integrity of the pension systems of 44 countries that bring together 65% of the world’s population.
Compared to 2021, Mexico showed the greatest improvement as a result of the pension reform, which improved outcomes for people and regulation.
The government of Andres Manuel Lopez Obrador promoted a reform that, among other things, made it possible to reduce weeks of contributions needed to reach a pensionfrom 1,250 to only 750, in 2021. This number of weeks will increase until it reaches 1,000 in 2031. This will allow a greater number of people to obtain a pension.
Another adjustment was the increase in the mandatory contribution from 6.5% to 15% of the contribution base salary. With the 1997 Law, 6.5% of the contribution base salary was saved. But starting in 2023, the contribution will gradually increase according to the workers’ base salary, to reach 15% of their base salary in 2030.
Finally, it improves the amount of guaranteed pensions. Previously, a worker who did not collect 1,250 weeks of contributions at the time of retirement did not receive a pension. And, if he did, he had a guaranteed amount of 3,289 pesos per month.
