-
Supporting contributory pensions coverage extension, investment management and administration
- Start activities
- End activities
- aug-2014
- Partner Institution
- Institute of Social Security of the State of Guanajuato [Instituto de Seguridad Social del Estado de Guanajuato]
- Type of Assistance
- Organisational capacity building
- Code
- 2014-04
- Description
- The Institute of Social Security of the State of Guanajuato (ISSEG) is responsible for providing insurance benefits to the formal sector [public employees and civil servants] in the Mexican State of Guanajuato. The amounts of pensions originally guaranteed by the ISSEG were pre-defined as a percentage of the affiliate’s wage at time of compliance of retirement criteria. The underlying solidarity fund is financed by contributions of workers and employers, as well as the returns generated by investments. Due to the challenges in funding the existing system, the ISSEG was considering reforms to set benefits on actual historical contributions. Mobilised experts contributed in building capacities of the ISSEG for planned reforms by addressing issues with their peers in policy definition and administrative requirement definition by sharing EU Member States and common experience in making pension schemes affordable in the face of changing economic, policy and demographic environments. In particular, they transferred understanding on legal, actuarial and financial implications of the implementation of the proposed reforms.
-
Support to non - and contributory pensions
- Start activities
- jun-2015
- End activities
- nov-2015
- Partner Institution
- Institute of Social Security of the State of Guanajuato [Instituto de Seguridad Social del Estado de Guanajuato]
- Type of Assistance
- Policy development
- Code
- 2014-25
- Description
- Follow-up from action 2014-04 This action built on these achievements of the first action with the ISSEG, and allowed European experts and their Mexican peers to formulate practical recommendations for the coordinated development at federal level of state pension funds. Exchanges addressed in particular legal, actuarial and administrative aspects. ISSEG’s experience and leadership was first presented to two Mexican States pension funds, which was a significant step to boost state-level coordination and cooperation. The final action’s activity was a National Inter-State Pensions Conference which brought together all state funds of Mexico. The first conclusion reached by consensus during the conference was the need to work towards establishing a new framework law, which contains general principles aimed at guaranteeing a "decent" and coordinated pension system for all Mexicans and which is disassociated from salaries.
