Last Tuesday, April 16, AMLO said: “We found that the Afores have money, they manage money from those who have not collected their pensions and they manage those funds, which by law should deliver those funds to Social Security and they do not deliver the funds.” . The Federal Government revealed that starting April 24, 2024, users must prioritize the use of their SAT Electronic Signature as a means of authentication when using any of the in-person services that your Afore offers.
While the initiative to create a fund for Welfare pensions advances in Congress, President López Obrador accused this Wednesday that there is a campaign that “distorts” the objective of this reform. “The Pension Fund for Wellbeing is so that those who retire receive more,” and he pointed out against the Afores for being behind this coup. According to AMLO, the initiative does not seek to expropriate the Afores. However, analysts recognize risks.
Aside from the economic factors that drive or limit the development of a nation; A historical and comparative approach with countries that voted for populist candidates, such as Venezuela*, would allow us to observe possible consequences.
Until before 1998, the parallelism of events and dates in both countries is very similar. We see a Venezuela that, with less poverty than Mexico, sought to reduce corruption and entrusted the destiny of the nation to a military man who, after his first year, changed the constitution, renewed the Congress with 95% of government members and baptized the country with the name Bolivarian Republic of Venezuela… just with a referendum.
The pension in Venezuela is equivalent to 25 dollars a month. It's not enough for food.
Dear reader,
If you are 45 years old, take care of your pension. If you are between 18 and 44 years old, take care of your parents' pension.
Grab a ride.
*In a study carried out for The Guardian, Hugo Chavez and Maduro appear in first and second place in the ranking of populist heads of state.
More from the same author:
#vote #pension
