Mexico's Pension Reform: A Victory for Teachers

Mexico: Teachers' Pension Reform Repealed, ISSSTE Director Confirms. Mexico City – Martí Batres, director general of the Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (ISSSTE), announced the fulfillment of a long-standing demand by teachers to repeal the 2007 pension reform. This reform, implemented during Felipe Calderón's presidency, shifted the pension system from a solidarity-based model to one based on individual savings accounts (Afores). "The 2007 reform drastically reduced the pension expectations of teachers," explained Batres in an interview with El Heraldo de México. The new measures aim to improve the retirement benefits for teachers, ensuring a more comfortable life after their service. Batres highlighted the government's commitment to supporting teachers and improving their overall well-being, stating, "We are committed to ensuring that all teachers receive the pensions they deserve." This change is expected to significantly impact the lives of thousands of teachers across Mexico, providing much-needed financial security in their retirement.