Mexico’s retirement income system has three components:

  • A universal old age pension at age 68 (age 65 for Indigenous people)
  • A mandatory defined contribution system with a minimum pension
  • Individual and occupational private plans

Universal Old Age Pension

This benefit is available to individuals who have reached the age 67. If they belong to an indigenous group, benefits are paid at age 65.

Mandatory Defined Contribution

Workers, employers and the government contribute to individual retirement accounts which will provide a minimum pension to qualified retirees or lump sums to individuals who retire without the minimum number of weekly contributions. The minimum pension is guaranteed with funds from the federal budget.
Special retirement schemes exist for the Armed Forces, and for state-owned oil (“PEMEX”) and power (“CFE”) companies.