Mexico president eyes fresh pension fund ahead of election

24/4/2024 6:19

        Mexican President Andres Manuel Lopez Obrador said on Tuesday he hopes to present a new fund aimed at boosting the lower pensions in the system on
        May 1, a month ahead of presidential elections.
        
        The creation of the fund, which is part of a pension reform proposed by the president in February, was approved on Monday by the country's lower house. It now needs to be passed by the Senate.
        
        "I hope that on May 1, Labor Day, we can present a report to workers and give them the good news, that their pensions are guaranteed and that they will also be increased," Lopez Obrador said at a press conference.
        
        The opposition has warned that the move could put workers' savings managed by private companies at risk, a claim denied by the government.