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A primer and assessment of social security reform in Mexico
Recent projections of a number of countries with pay-as-you-go pension systems have shown significant future actuarial imbalances. As a consequence, several of these countries, including Mexico, are engaged in redesigning their pension systems. ; From the U.S. perspective, Mexico's reform is of particular interest because of the similarities of its program to some proposals for the U.S. system. The Mexican government claims that it has started a move to a fully funded system. As proof, it points out that since 1997 Mexico has adopted a privately managed defined-contribution system. However, a ...
Putting pension reform into perspective
Many countries' aging populations have made pension reform an issue of crucial importance. Governments are deriving inspiration from the Americas, which have forged groundbreaking reforms in this area for decades.