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‘I would like approved by May 1’ – El Financiero

“I already knew it was going to cause controversy”admitted President Andrés Manuel López Obrador about the initiative to create the Pension Fund for Welfare which, he said, he wants to be ready on a special date for the workers of Mexico.

“I would very much like the law to be approved and to see if we can create the Fund for the first of May as a demand for the workers of Mexico,” he said in your morning this April 19.

The president stressed that the initiative, which is in the Chamber of Deputies, seeks to correct errors of the neoliberal period which, he said, affected the well-being of the working class in our country.

The first part of this Friday’s ‘morning’ focused on clarifying that the reform to the creation of the Pension Fund for Wellbeing does not touch the resources of the Afores of workers who maintain an active relationship nor does it propose expropriating the nearly 6 billion pesos deposited in those accounts.

”The right of the worker is safeguarded so that, in any circumstance, he can claim his right. Nothing more than that money, which is not claimed, by law The (Mexican Institute of) Social Security should take care of it and not the Afores”, he insisted.

How many votes does the Welfare Pension Fund initiative need to be approved?

Thank you because it is not a constitutional reformthe Pension Fund for Wellbeing initiative only needs a simple majority that Morena and allies easily gather in the Congress of the Union.


The opinion was going to be discussed in the session on Wednesday, April 17 in San Lázaro until The PAN accused Morena of having ‘meddled’ to the document when finding differences with the initiative that was approved by the Social Security Commission.

What was the claim? The text “was changed to establish that all accounts go to the Fundnot only those who have not contributed for 10 years or those who have turned 70 years old, in the case of the IMSS, and 75 years old in the ISSSTE. It is the small detail of the ‘parliamentary elf’“, declared Jorge Romero, coordinator of the PAN deputies.

Treasury defends initiative, while Amafore ‘palomea’

During the 87th Banking Convention (in which the presidential candidates will participate), the Ministry of Finance highlighted the message projected from the Government of Mexico that “workers’ resources will not be touched.”

Gabriel Yorio, undersecretary of the agency, highlighted that inactive accounts have not been used for a long time and are usually They are very low balancesbut that could be an important part of the formation of the Pension Fund for Wellbeing.

Yorio was questioned about the possibility that the resources from inactive accounts in Afores be used to finance the budget deficit, to which he answered “no” emphatically.

And what does the Afores Association say about it? Guillermo Zamarripa, president of Amafore, explained that the money transfer scheme included in the initiative is not new, since with the current regulations, the IMSS can capture it and in general the scheme is the same.

“I think that It is a cleaner solution because the money will be labeledand there is a return route: Whoever is going to claim will be the owners, the beneficiaries… That makes the scheme consistent with the operation of the SAR and the change of Monday’s ruling “It is consistent with the system,” he highlighted.

Zamarripa also stressed that under the current regime, The right on the account never prescribes: He Mexican Social Security Institute You can claim that money after 10 years of it being payable and you also have to make a reserve, this in case the owner or beneficiary of the account ends up coming forward and claiming it.

With information from EFE

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