December 2018

05Dec

México pagará las peores pensiones del mundo: OCDE

Más sobre este tema OCDE. Perspectivas de Pensiones 2018 La OCDE pide a España más ajustes con las pensiones Chile. OCDE cuestiona sistema de licitación de AFP para nuevos afiliados y grafica sus deficiencias con Planvital La prevención de la pobreza en la vejez es el principal reto que enfrentan los sistemas de pensiones en el mundo, ante el incremento en la esperanza de vida a nivel mundial y los bajos rendimientos que otorgan las inversiones en esos sistemas, advirtió...

December 5, 2018
Noticias,
Read more...

November 2018

30Nov

México. Walmart, Bodega Aurrerá, Sam’s y Superama recibirán aportaciones para el retiro

Walmart se suma a los 16 socios que ya reciben aportaciones voluntarias para el retiro. Los mexicanos podrán ahorrar para el retiro en las tiendas Walmart, Bodega Aurrerá, SAMS y Superama, desde 50 pesos en su cuenta Afore y sin cobro de comisión a partir del 1 de enero de 2019, informó la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). El órgano regulador informó que logró concretar la alianza con la cadena de tiendas de autoservicio más grande...

November 30, 2018
Noticias,
Read more...
06Nov

Mexico tightens pay cap, eliminates presidential pensions

Mexico has tightened laws dictating that public servants can't earn more than the president and eliminated so-called golden parachutes for elected officials. Lawmakers decreed via the official gazette Monday that there will be some exceptions for salaries of employees with high levels of specialization and technical expertise, but even those salaries will be capped at 50 percent more than the president's salary. President-elect Andres Manuel Lopez Obrador takes office Dec. 1 and has said he will pay himself 108,000 pesos ($5,400)...

November 6, 2018
News, Slider,
Read more...

September 2018

13Sep

Mexico. ‘It needs to be absolutely clean’: How Sergio Méndez leads Mexico’s biggest pension fund

At the helm of Mexico’s largest pension fund, Sergio Méndez faces a regulatory sea change and a volatile economic backdrop. The key is to have a flexible battle plan. Before I sat down to interview Sergio Méndez, the chief investment officer of Afore XXI Banorte, there were some topics that I was pretty certain would come up – Mexico’s changing regulatory environment, its roller coaster market ride, Donald Trump – and so I prepared accordingly. But one subject I had definitely...

September 13, 2018
News, Slider,
Read more...

July 2018

31Jul

Under-Rewarded Efforts. The Elusive Quest for Prosperity in Mexico

By Santiago Levy My hope is that this book will appeal to all those interested in Mexico’s development. With that purpose in mind, I tried to write a book with a minimum of specialized language and technical terms, so it could be read by many. I hope academic economists find that the central elements of the narrative are sufficiently supported by empirical evidence, even if not all of them are treated with the technical rigor that they would like to...

July 31, 2018
Books, System Sustainability, ,
Read more...

February 2018

27Feb

Occupational pension schemes in Mexico

What are the most common types of pension scheme provided by employers for their employees in your jurisdiction? By means of withholding, employers must pay: social security fees to the Mexican Social Security Institute; housing fees to the National Workers' Housing Fund Institute; and retirement fees to the Retirement Savings System. Read More: Lexology

February 27, 2018
News
Read more...

November 2017

21Nov

Mexico’s presidential front-runner vows stable economy; aide urges NAFTA delay

Mexico’s leftist presidential hopeful Andres Manuel Lopez Obrador vowed on Monday to boost infrastructure spending but guard economic stability, while his team reiterated that ongoing NAFTA talks should be put off until after next year’s election. Lopez Obrador, the front-runner in most polls ahead of the July vote, unveiled a platform that envisioned an austere government to root out corruption and redirect spending to public works and social programs without new taxes or raising the debt-to-GDP ratio. He rebutted claims he...

November 21, 2017
News, Slider
Read more...
03Nov

What are the effects of expanding a social pension program on extreme poverty and labor supply ? evidence from Mexico's pension program for the elderly (English)

By Clemente Avila Parra & David Ricardo Escamilla Guerrero In 2013, Mexico's Social Pension Program for the Elderly was expanded by changing its eligibility threshold from age 70 to age 65. Using pooled cross-sectional data from Mexico's National Household Income and Expenditure Survey, the exogenous variation around eligibility age was exploited to uncover the causal effects of this expansion on extreme poverty and labor supply of the newly eligible population, and to explore potential transmission mechanisms. Applying quasi-experimental methods, results...

November 3, 2017
Articles, Labor Market, Pension design, Slider-Left, , , ,
Read more...
03Nov

What are the effects of expanding a social pension program on extreme poverty and labor supply ? evidence from Mexico’s pension program for the elderly (English)

By Clemente Avila Parra & David Ricardo Escamilla Guerrero In 2013, Mexico's Social Pension Program for the Elderly was expanded by changing its eligibility threshold from age 70 to age 65. Using pooled cross-sectional data from Mexico's National Household Income and Expenditure Survey, the exogenous variation around eligibility age was exploited to uncover the causal effects of this expansion on extreme poverty and labor supply of the newly eligible population, and to explore potential transmission mechanisms. Applying quasi-experimental methods, results...

November 3, 2017
Articles, Labor Market, Pension design, Slider-Left, , , ,
Read more...

October 2017

27Oct

Principal to Acquire MetLife Afore in Mexico

Today, Principal Financial Group® announced it has signed an agreement to acquire full ownership of MetLife Afore, S.A. de C.V. (“MetLife Afore”), MetLife, Inc.’s pension fund management business in Mexico, subject to regulatory approval. With nearly 25 years in Mexico, Principal is committed to growing across its mandatory pension, voluntary long-term savings, and mutual funds businesses. “As the middle class in emerging markets continues to grow, there is increasing demand for long-term retirement and investing products that enable individuals to...

October 27, 2017
News, Slider
Read more...