Pension reform could be seen as ‘indirect appropriation’ of savings, warns CTM

Pension reform could be seen as ‘indirect appropriation’ of savings, warns CTM

Deputies in session. (ARCHIVE) The Confederation of Mexican Workers (CTM) expressed its concern about the pension reform proposal and advocated for a national tripartite dialogue. The CTM firmly expressed its concern, and at the same time its willingness, for a national tripartite dialogue that involves employers, government representatives and unions, in the face of the … Read more

Without analysis they send pension reform

Without analysis they send pension reform

The president of the Social Security Commission, Ivonne Cisneros, acknowledged that there is no actuarial study on the budgetary impact of the pension reform that will be approved on Monday in the Chamber of Deputies. In an interview for the newspaper Reforma, he acknowledged that the deputies go to the reform debate without having that … Read more

Canacintra Sureste, dissatisfied with reforms in Afores and protections

Canacintra Sureste, dissatisfied with reforms in Afores and protections

The president of the National Chamber of the Processing Industry (CANACINTRA) in the southeast region, Eduardo Garza Martínez. (PENELOPE CUETO) The president of the National Chamber of the Processing Industry (CANACINTRA) in the southeast region, Eduardo Garza Martínez, expressed his disagreement with the recent reforms related to the Afores and the protection law, which he … Read more

Chamber of Deputies generally endorses the pension reform

Chamber of Deputies generally endorses the pension reform

This Monday, the deputies of Morena and allies (PVEM-PT) endorsed the creation of the Pension Fund, which contemplates taking unclaimed resources from the Afore. Opposition legislators showed their rejection of the reform promoted by President López Obrador. At 2:22 p.m., the discussion began, in the plenary session of the Chamber of Deputies, of the opinion … Read more

Coparmex establishes position on pension reform

Coparmex establishes position on pension reform

Savings. (ARCHIVE) The Employers’ Confederation of the Mexican Republic (Coparmex) warned that any pension reform requires tripartite dialogue and putting workers at the center of decisions. He considered that the pension reform initiative being discussed in Congress establishes the formation of a Pension Fund for Wellbeing that would be managed by the Ministry of Finance … Read more

The Afore have lent 3.3 billion pesos to the AMLO government

The Afore have lent 3.3 billion pesos to the AMLO government

The Retirement Fund Administrators (Afore) became the main lender to the government of President Andrés Manuel López Obrador, leaving foreign investors in second place. Through the Investment Companies Specialized in Retirement Funds (Siefore) and under the parameters of the National Commission of the Retirement Savings System (Consar), the Afores had 3.3 billion pesos in loans … Read more

Canadevi rejects taking resources from Afore accounts

Canadevi rejects taking resources from Afore accounts

Jose Piña Alvarez, president of Canadevi. (ARCHIVE) Housing developers disagreed with the proposal to use the resources from the inactive accounts of the Afores of workers over 70 years of age to finance the Pension Fund for Wellbeing. The National Chamber of the Housing Development and Promotion Industry Delegation Comarca Lagunera (Canadevi) recognized the prevailing … Read more

Ignacio Mier calls to approve pension reform; He assures that he does not touch the Afore

Ignacio Mier calls to approve pension reform;  He assures that he does not touch the Afore

Deputy Ignacio Mier Velazco, coordinator of the Morena Parliamentary Group, reiterated his call to the opposition to approve the creation of the Pension Fund for Wellbeing and assured that the project does not affect the Afores, and on the contrary “protects the savings of workers to guarantee decent pensions”. “It is generous, it is supportive, … Read more