From Time Inc.:

Mexico’s president proposes pensions equal to full salaries at the time of retirement, an initiative not seen in any other country. This plan is part of a larger bid to attract voters before the June presidential elections. However, analysts are skeptical whether this proposal is realistic, as implementing the plan would have severe financial implications.

López Obrador, who is almost at the end of his term, is aiming to set the political agenda for the next administration with the hopes that his party will achieve a two-thirds majority in Congress. Additionally, he has made an effort to increase guaranteed annual increases in payments to the elderly and the minimum wage above the rate of inflation.

These reforms, seeking to saddle the next administration with potentially unfeasible expectations, coincide with the lead-up to Mexico’s presidential elections. In announcing such measures, the president also referred to them as a means to “recover holy rights, guaranteed to Mexicans by God,” making it clear that the propositions are framed within the context of an election year.



Read more: Mexico’s president wants country to be first to guarantee people pensions equal to full salaries at time they retire