Mexico | Proposal to reform the Retirement Savings System (SAR)

Summary

The reform proposal is correct and constitutes a step in the right direction. The SHCP would propose adjustments to the current regime in order to increase coverage and replacement rates of IMSS pensions

Key points

• Key points:
• On average, according to the SHCP the replacement rate would be increased by 40%
• It plans to reduce the number of contribution weeks required to access a Guaranteed Pension from the current 1,250 to 750 weeks

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