Analysis of the Social Security Law of the State of Yucatan
- Code:
- 2019-08
- Partner Institution:
- Institute of Social Security for State Workers of Yucatan [Instituto de Seguridad Social de los Trabajadores del Estado de Yucatan] (ISSTEY)
- Description:
- The Institute of Social Security for State Workers of Yucatan requested SOCIEUX+ assistance in view of the reform of the State Law on Social Security with the goal of introducing normative arrangements that may ensure the financial sustainability of services and payments to rightsholders. The comprehensive reform proposal is largely based on European experiences of similar reforming efforts of pensions systems. In particular, the teams of public experts from Spain have focused on the existing challenges to the Institute’s financial reserves and formulated proposals aimed to increase the financial sustainability of the Institute’s accounts; they have taken inspiration in the formulation of reforms’ proposals, to European trends in the determination of the balanced income of the system, formulas of taxation, determination of the requirements for access to pensions and their calculation. The final, concrete result of the cooperation is a reviewed text of Law introducing articles and norms that act on the economic and financial sustainability of the Institute’s accounts.
