Mexico | Melbourne Mercer Global Pension Index : Melbourne Mercer Global Pension Index


Mexico


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Sistema De Pensiones Mexicano

Mexico’s retirement income system comprises a mandatory and funded scheme which is in transition since 1997 from a defined benefit to a defined contribution scheme and includes a minimum public pension and supplemental private sector plans.

The overall index value for the Mexican system could be increased by:

  • raising the minimum pension available to the poorest aged individuals
  • raising the level of household saving
  • introducing a requirement that part of the retirement benefit from private pension arrangements must be taken as an income stream
  • increasing the level of funded contributions thereby increasing the level of pension assets over time
  • improving the regulatory requirements for the private pension system
  • improving the governance requirements for the private pension system, including the need for minimum levels of funding in defined benefit plans
  • improving the level of communication required to members from pension plans.

RRF19921_MMGPI Report_0616_Chart_WEB_1000x950_19_MEXICO

Progressive Results:

Year

Overall

Adequacy

Sustainability

Integrity

2016 44.3  38.5 53.6  40.7
The Mexican index value fell from 52.1 in 2015 to 44.3 in 2016 primarily due to a reduction in the assumed level of support provided to the poor.
2015 52.1 56.4 53.5 43.4
The Mexican index value increased from 49.4 in 2014 to 52.1 in 2015 primarily due to a higher household saving rate.
2014 49.4 49.9 53.1 43.5

The Mexican index value fell from 50.1 in 2013 to 49.4 in 2014 due to a number of small changes.

2013

50.1

51.9

50.8

46.0

New to the Index

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Link to Victorian Government (Victoria Online) the Mercer Australian website Australian Centre for Financial Studies