"The idea is that the universal pension continues to increase to guarantee the basics, food, for example, that the purpose we have is achieved, in that we are going to make a lot of progress," said Andrés Manuel López Obrador within the framework of Labor Day. .
Within the framework of Labor Day, the president of Mexico Andrés Manuel López Obrador signed the decree to create the Pension Fund for Wellbeing.
AMLO announced that at noon this Wednesday, May 1, he would meet with around 100 union leaders.
In his morning conference, the president signed the document accompanied by the Secretary of the Interior, Luisa María Alcalde; the director of the Mexican Social Security Institute (IMSS), Zoé Robledo; the Secretary of Labor and Social Welfare, Marath Bolaños, as well as the director of the Institute of Security and Social Services for State Workers (ISSSTE), Bertha Alcalde.
Also present at the signing of the decree were the president of the National Commission of the Savings System (Consar), Julio César Cervantes, and the general director of the Institute of the National Housing Fund for Workers (Infonavit), Carlos Martínez.
Prior to the signing, Luisa María Alcalde, Secretary of the Interior, reported that as of this date this modification regarding pensions in Mexico will come into force, which has the objective of vindicating the right of workers to have a pension. enough.
“One more year with a May Day that will go down in history. And this reform vindicates the right of workers to have a sufficient and decent pension for the last part of their lives, a right taken away by the neoliberal reforms of Ernesto Zedillo in 1997 and Felipe Calderón in 2007, which They were sentenced to poverty pensions with levels lower than 30% of the last salary,” said the head of Segob.
"The commitment is that, on July 1 of this year, the first pension will be paid with the complement that comes from the Pension Fund for Wellbeing and that it guarantees 100% of the worker's salary, for all those who earn up to the average salary,” commented the official.
The Secretary of the Interior explained that once the decree was signed and published this afternoon already signed in the Official Gazette of the Federation (DOF), the “coordinated work to provide the Fund with operational rules and financial viability” will begin. In addition, the trust contract will be signed with the Bank of Mexico (Banxico).
“A technical committee of the Fund will be established made up of various institutions and agencies present today at this conference, including the Ministry of Finance and Public Credit, the Interior, Labor and Social Security, the IMSS, ISSSTE, Infonavit, Consar and the Bank of Mexico, who must issue their operating rules and the investment regime that will allow the Fund to guarantee sustained savings that generate returns in the future," he stated.
On the other hand, he shared that a Technical Committee of the Fund will be established made up of various institutions and agencies, who must issue operating rules and the investment regime.
Mayor Luján specified that in mid-May a single window from the IMSS, Infonavit, ISSSTE and the Afores will open, to provide guidance to the country's workers and pensioners so that they know the reform and its benefits, and that those who do not know about their funds can learn about them. and claim them.
In addition, he said that it will be for the second half of June when the Afores must transfer the 40,000 million pesos of unclaimed retirement savings in inactive accounts. Likewise on those dates, other sources of financing such as the income from the Institute to Return What was Stolen to the People must reach the Fund.
Guarantee social security
The Chief Executive reported that it is important to guarantee social security as a fundamental right for all citizens, regardless of their employment or economic situation.
“The idea is that the universal pension continues to increase to guarantee the basics, food, for example, that the purpose we have is achieved, in that we are going to make a lot of progress. The right to health, that it does not matter where we are treated, if we get sick, if it is in the Insurance, if it is in the ISSSTE, if it is in the IMSS-Wellbeing, that we all have the right to health and that it is free ”, commented the president.
President López Obrador said that at noon he will meet with union leaders on the occasion of Labor Day, a meeting during which the issue of the Pension Fund for Wellbeing will be discussed as well as the reforms that his government has carried out in labor matters.
The Fund will be a public trust that will provide the social security institutes (IMSS, Infonavit and ISSSTE) with the necessary resources to complement workers' pensions and ensure that they are equal to their last salary, as long as a limit is not exceeded. of 16,777.78 pesos per month.
Only workers who retire at the age of 65, who contribute to the Afore system (that is, since July 1997 in the case of the IMSS and since April 2007 in the case of the ISSSTE) will be eligible to receive this supplement. and whose pension does not exceed the aforementioned limit.
Only workers who retire at the age of 65, who contribute to the Afore system (that is, since July 1997 in the case of the IMSS and since April 2007 in the case of the ISSSTE) will be eligible to receive this supplement. and whose pension does not exceed the aforementioned limit.
Initially, the Fund will be financed with just over 40,000 million pesos of unclaimed retirement savings by people aged 70 or older who are in inactive Afores accounts.
In addition, there will be other sources of financing such as 75% of the income of the Institute to Return the Stolen to the People and 25% of the profits of parastatal entities such as the Mayan Train and the Felipe Ángeles International Airport (AIFA).
The Undersecretary of the Treasury, Gabriel Yorio, declared on Tuesday that the Pension Fund will need resources of around 130,000 million pesos for its first 10 years of existence. He explained that the objective of the current government is to provide financing of 60,000 million pesos for its first stage.
The day before, the decree for the creation of the Pension Fund for Wellbeing was published in the Official Gazette of the Federation (DOF), so there is only one step left for it to be officially established: to issue its operating rules. .
AMLO announced last week that for this May 1, Labor Day, these operating rules would be established, which will begin to run the legal deadlines for resources to reach the Fund, as well as the 60 days established in the decree so that workers who retire under the Afore system begin to receive the first supplements to their pensions.
