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AMLO announced a 25% increase in the pension for older adults, raising it to 50% by the end of his six-year term

(Photo: VICTORIA VALTIERRA / CUARTOSCURO.COM)
(Photo: VICTORIA VALTIERRA / CUARTOSCURO.COM)

President, Andrew Manuel Lopez Obrador (AMLO)reaffirmed its commitment to increase the amount earmarked for pensions for older adults.

During his tour of oaxacathe Mexican Chief Executive reported that in January 2023 will be increased by 25% the resource; same figure will be reflected, as he commented, in January 2024which would be his last year as President of the Republic.

“I made the commitment that when I finish (the Government), it will be twice as much as when I started the pension.”

It should be remembered that this increase had been advanced by Andrés Manuel himself almost a month ago, at the conference on September 6, although without confirming the exact percentage that would be applied to the resource. In that tenor, the Tabasco even promised to allocate more than 6 thousand pesos to the program.

However, by confirming that the increase will be 25%, the elderly beneficiaries will begin to receive 4 thousand 812 pesos bimonthly for the next year; this, when considering that the current total is 3 thousand 850 pesos.

(Capture: Youtube Government of Mexico)
(Capture: Youtube Government of Mexico)

According to the Welfare Secretariat – dependency in charge of the administration of pensions -, currently they are 10 million people those who are benefited with little more than 3 thousand pesos per two months.

However, and on the other hand, the National Institute of Statistics and Geography (INEGI) revealed that only the 31% of older adults in Mexico are pensioned and retired.

Within the framework of the commemoration of the International Day of the Elderly, the Institute announced that of the Non-Economically Active Population (just over 12 million people), only 3 million 754 thousand 65 they receive a pension and have successfully retired.

In this sense, he highlighted the pensioned and retired male population is greater than the female: the first represents 58%, while the second only 17%. Not so with the Economically Active, in which there is no difference between the sexes, although it has been proven that the percentage of male employers is higher with respect to women (12% vs. 5%).

Information in development…

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