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Follow the discussion in the Senate LIVE – El Financiero

The Senate committees On Wednesday they endorsed the ruling for the creation of the Pension Fund of Wellbeing.

The document was endorsed by a majority of 19 votes in favor, 10 against and one abstention by legislators from the commissions. The discussion on the reform is expected to continue in the coming days.

Ricardo Monreal, senator from Morenaassured that This initiative will be approved by the legislative majority of the Upper House this week.

He added that the legislative majority seeks to have this reform ready before May 1, so that it can be announced to the workers and that they can retire with 100 percent of their income.

The opposition bloc maintains that the Government is setting a trap and wants to keep the savings of Mexicans who have a inactive account in Afore.

That is why they announced that they will file an unconstitutionality action before the Supreme Court of Justice of the Nation.


In one of his morning lectures, President Andrés Manuel López Obrador guaranteed that his Government will not touch or improperly use the money of Retirement Fund Administrators (Afores).

The objective of this initiative is for workers to receive 100 percent of their salary in retirement agea measure that would apply to workers affiliated with the IMSS and the ISSSTE.

For this initiative to advance It is proposed to reform Article 302 of the Social Security Lawsince it would make it possible to have the resources of Afore accounts, that have not been claimed after the owner has turned 70 years of age.

This is how the discussion about the Welfare Pension Fund goes

At 1:00 p.m. the session of the Senate of the Republic will begin, in which the creation of the Welfare Pension Fund is expected to be analyzed and discussed.

*With information from EFE

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