Pension Fund: AMLO plans to raise 160 billion pesos

MEXICO CITY (El Universal).— President Andrés Manuel López Obrador reported yesterday Wednesday that by 2030 the federal government is expected to raise nearly 160 billion pesos for the new Welfare Pension Fund.

“We plan that we are going to raise up to 160 billion in 2030 for this reform,” he declared yesterday at the National Palace.

In his morning, he rejected the opposition’s threat to withdraw the Fund, and said that “it is moving forward, they are no longer stopping it.”

“How are they going to select the first workers?” he was asked.

“It will be according to those who retire with the new law. There is enough (resources) for this year and for me I think two or three more years… when it is going to get more complicated is as more workers retire, by then the fund will have more resources, the mechanism is already in place established. It is the ‘remedy and the cloth,’” he replied.

The head of the federal Executive explained that there are various sources of financing for the fund, “it is not just that resource (from the Afores), it has everything that enters the Institute to Return What was Stolen to the People (Indep), everything that was saved by the transfer from Financiera Rural to Financiera del Bienestar.”

Other sources

He pointed out that the debts that the state governments have with the Issste and the SAT are taken into account, “they are being given a 75% discount, and the 25% that they deliver to the Federation, to the Treasury, is for the fund. of workers’ pensions.

President López Obrador said that according to forecasts, “it is estimated that the Afores have to deliver around 40 billion, but more funds will be received and they do not have to be all at once, which will result in From the beginning, it will be enough to compensate the workers.”

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