President Claudia Sheinbaum revealed the significant annual pensions received by former employees of PEMEX and LyFC and proposed a constitutional reform to eliminate these large pensions.
Claudia Sheinbaum Pardo, the President of Mexico, disclosed the staggering amounts received annually by hundreds of retirees from PEMEX (Petróleos Mexicanos) and LyFC (Luz y Fuerza del Centro) for their pensions, which she referred to as 'golden pensions.' Alongside Raquel Buenrostro, head of the Anti-Corruption Secretariat, Sheinbaum presented data indicating that some retirees collect up to 12 million pesos a year, significantly exceeding the national average. This revelation serves as a backdrop for her push to reform the constitution to eliminate these exorbitant pensions.
The proposal aims to address the financial burden these large pensions impose on the government and general public, highlighting a perceived disparity between what high-ranking retirees are allowed to claim versus the average pension benefits. The issue of 'golden pensions' has been a contentious topic within Mexican politics, reflecting broader concerns over social equity and fiscal responsibility.
Sheinbaum’s initiative represents a shift towards government accountability and fiscal austerity, seeking to reshape how pensions are structured for former government employees and high-ranking officials. If successful, it could lead to significant changes in public sector compensation and reduce the strain on public finances, although it will likely face pushback from powerful interests benefiting from the current system.
