LEADER 03327cam a22007094i 4500001 99131106243706421 005 20240731073704.0 006 m o d 008 020129s2024 dcu o i00 0 eng d 020 979-84-00-27057-4 035 (CKB)5470000003738348 035 (IMF)WPIEA2024053 035 (EXLCZ)995470000003738348 040 DcWaIMF |beng |erda 100 1 Bonthuis, Boele. 245 13 An Assessment of the 2019 and 2020 Pension Reforms in Mexico / |cBoele Bonthuis. 264 1 Washington, D.C. : |bInternational Monetary Fund, |c2024. 300 1 online resource (55 pages) 336 text |btxt |2rdacontent 337 computer |bc |2rdamedia 338 online resource |bcr |2rdacarrier 490 1 IMF Working Papers 520 3 In recent years the Mexican pension system has changed significantly. In 2019 the existing means-tested social pension was made universal – covering everyone over the age of 65 – and the benefit level increased. In 2020, the main regime of the private sector was substantially reformed, increasing contribution rates for the funded defined contribution system, lowering the minimum years of contributions needed to receive an earnings-related pension, and increasing minimum pensions. This paper tries to assess the likely outcomes of those reforms, discusses design inefficiencies of the reforms and offers policy options to improve pension system design. 588 Description based on print version record. 650 7 Aging |2imf 650 7 Currency crises |2imf 650 7 Demography |2imf 650 7 Economic & financial crises & disasters |2imf 650 7 Economics of specific sectors |2imf 650 7 Economics of the Elderly |2imf 650 7 Economics of the Handicapped |2imf 650 7 Economics |2imf 650 7 Economics: General |2imf 650 7 Expenditure |2imf 650 7 Fiscal Policies and Behavior of Economic Agents: Household |2imf 650 7 Income economics |2imf 650 7 Informal sector |2imf 650 7 Labor |2imf 650 7 Labour |2imf 650 7 Macroeconomics |2imf 650 7 Non-labor Market Discrimination |2imf 650 7 Nonwage Labor Costs and Benefits |2imf 650 7 Pension spending |2imf 650 7 Pensions |2imf 650 7 Population & demography |2imf 650 7 Population aging |2imf 650 7 Population and demographics |2imf 650 7 Private Pensions |2imf 650 7 Public Finance |2imf 650 7 Retirement Policies |2imf 650 7 Retirement |2imf 650 7 Social Security and Public Pensions |2imf 650 7 Time Allocation and Labor Supply |2imf 650 7 Wages |2imf 650 7 Wages, Compensation, and Labor Costs: General |2imf 776 |z979-84-00-26943-1 830 0 IMF Working Papers; Working Paper ; |vNo. 2024/053 906 BOOK