Mexico Pension Plan

Mexico Pension Plan

Mexico reformed its pension system in 1997, transforming it from a pay as you go (PAYG), defined benefit (DB) scheme to a fully funded, private and mandatory defined contribution (DC) scheme. The reform was modeled after the pension reforms in Chile in the early 1980s and was a result of recommendations from the World Bank. Participants in the Mexican system choose from a variety of private pension fund managers called Administradores de Fondos para el Retiro (AFOREs). AFOREs are responsible for managing inidividual accounts and investing savings in the pension funds called Sociedades de Inversion Especializadas pare el Retiro (SIEFOREs). SIEFOREs are separate legal entities with their own Board of Directors, and segregated assets from AFOREs.



Wikimedia Foundation. 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Pension — This article is about the retirement income arrangement. For the type of lodging, see Pension (lodging). For the mortgage repayment scheme, see Mortgage loan. Financial market participants …   Wikipedia

  • Mexico — /mek si koh /, n. 1. a republic in S North America. 97,563,374; 761,530 sq. mi. (1,972,363 sq. km). Cap.: Mexico City. 2. a state in central Mexico. 6,245,000; 8268 sq. mi. (21,415 sq. km). Cap.: Toluca. 3. Gulf of, Mexican, Golfo de México /gawl …   Universalium

  • Gobierno provisional de México (1823-1824) — La exactitud de la información en este artículo o sección está discutida. En la página de discusión puedes consultar el debate al respecto. El gobierno provisional de México entre 1823 y 1824 fue ejercido por un órgano denominado Supremo Poder… …   Wikipedia Español

  • Artist Pension Trust — Industry Financial services Area served Worldwide Key people Moti Shniberg Dan Galai David A. Ross Pamela Auchincloss …   Wikipedia

  • Retirement Funds Administrators — (Spanish: Administradoras de Fondos para el Retiro , abbreviated Afores) are companies authorized to manage individual retirement accounts as authorized by the Secretaría de Hacienda y Crédito Público of Mexico and oversees by Comisión Nacional… …   Wikipedia

  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

  • Social Protection — ▪ 2006 Introduction With medical costs skyrocketing and government programs scaled back, citizens bore more responsibility for their health care costs; irregular migration, human trafficking, and migrant smuggling posed challenges for… …   Universalium

  • cañada — /keuhn yah deuh, yad euh/, n. Chiefly Western U.S. 1. a dry riverbed. 2. a small, deep canyon. [1840 50; < Sp, equiv. to cañ(a) CANE + ada n. suffix] * * * Canada Introduction Canada Background: A land of vast distances and rich natural resources …   Universalium

  • Canada — /kan euh deuh/, n. a nation in N North America: a member of the Commonwealth of Nations. 29,123,194; 3,690,410 sq. mi. (9,558,160 sq. km). Cap.: Ottawa. * * * Canada Introduction Canada Background: A land of vast distances and rich natural… …   Universalium

  • Population and Human Relations — ▪ 1996 Introduction DEMOGRAPHY       At midyear 1995, world population stood at 5,702,000,000, according to estimates prepared by the Population Reference Bureau. The 1995 figure was about 700 million higher than in 1987, when world population… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”