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OECD Reviews of Pension Systems: Mexico

image of OECD Reviews of Pension Systems: Mexico

This review assesses the Mexican pension system according to the OECD best practices and guidelines, and draws on international experiences and examples to make recommendations on how to improve it. It provides an international perspective on Mexico’s retirement income provision and a short and focused review of the Mexican pension system. The review covers all components of the pension system: public and private pension provision for public and private-sector workers. It provides recommendations, using OECD’s best practices in pension design, on how to improve the Mexican pension system and thus ameliorate the retirement income that people may receive from the pension system.

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The public pension system in Mexico

This chapter first describes the public pay-as-you-go defined benefit pension system. It presents and discusses the eligibility criteria for the contributory schemes and the benefit levels for both private and public-sector workers. It gives an overview of the financial prospects of pension provision and highlights the strong fragmentation of the pension system in Mexico. Secondly, the chapter focuses on issues related to the design of the minimum contributory pensions and of the elderly safety nets. It concludes with pension policy options to improve the design of the public provision.

English

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