Mexico | Proposal to reform the Retirement Savings System (SAR)
Published on Wednesday, July 22, 2020 | Updated on Thursday, July 23, 2020
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
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Macroeconomic Analysis
- Pension
Authors
Alfonso Gurza
BBVA Research - Principal Economist
Carlos Serrano
BBVA Research - Chief Economist
Documents and files
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