1 / 5

COUNTRIES REPORT Mexico

COUNTRIES REPORT Mexico. INVERCO. April 12, 2000. Mexico Pension System Results in 1999. Total Affiliation: 15’594,503 workers. Around 40% de la Economicaly Active Population (PEA). 65% Man, 35% Woman. 60% of total affiliates receive contributions in the last two months of 1999.

linda-cochran
Télécharger la présentation

COUNTRIES REPORT Mexico

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. COUNTRIES REPORTMexico INVERCO April 12, 2000

  2. MexicoPension System Results in 1999 • Total Affiliation:15’594,503 workers. • Around 40% de la Economicaly Active Population (PEA). • 65% Man, 35% Woman. • 60% of total affiliates receive contributions in the last two months of 1999. • 85.4% of the affiliated workers have less than 45 years old.

  3. MexicoPension System Results in 1999 • Average Salary:Around 455 USD Monthly. • Total Accumulated Funds invested in the SIEFOREs reached 11,423 millon USD. • 97.4% are invested in Government Securities and 2.6% in private instruments with a high calification grade. • Returns in 1999 reach 26.86% in nominal terms and 13.07% in real terms. Note: 1 USD = 9.50 pesos, M.N. at December 31, 1999.

  4. MexicoPension System Results in 1999 • The Voluntary Contributions reach 34.8 Millon USD. • In average a worker has accumulated 1,163 USD in the Subaccount of Retirement and 893 USD in Housing. • The Number of Accumulated transference between Afores are 39,926.

  5. MexicoChallenge and Tasks for the year 2000 • System Consolidation. • Ammendements to the Actual Investment Regime. • Create New SIEFOREs. • Create a savings´ Culture in the Population, that Incentive the Voluntary Contributions. • Maintain the dissemination of the New Pension System. • Make a Mechanism that allocate the Cuenta Concentradora ( Service to Workers That Have Not Chosen a Retirement Fund Manager ( Afore)).

More Related