Measures aimed at strengthening Mexico’s public pension system (IMSS) would increase pension access, the amount of guaranteed minimum pension, and employers’ contributions. The measures feature in proposed revisions of the social security law published by the Ministry of Finance on 22 Jul 2020, and will be debated in parliament later in 2020. The main employer organizations and labor unions support the proposals.
Proposed reforms would generally impact workers subject to the pension scheme introduced by the 1997 law, which covers employees who started work on or after 1 Jul 1997.