1. Market Research
  2. > Financial Services
  3. > Insurance
  4. > Pension Market Trends
  5. > Employee Benefits in Mexico

Employee Benefits in Mexico

  • January 2015
  • -
  • Timetric
  • -
  • 64 pages


Table of Contents

Search Inside

Mexico’s social security system was introduced in 1942 and has since evolved in terms of scope and coverage. The Mexican Social Security Institute (IMSS) and the Institute for Security and Social Services for Government Workers (ISSSTE) are the governing bodies of social security system. The existing social security system was introduced on July 1, 1997 and is based on defined contributions instead of the earlier pay-as-you-go system. The system provides coverage for disability, death and retirement benefits. Individual accounts are created for employees and contributions made by employee, employer and government are credited therein.

The report provides in-depth industry analysis, information and insights into employee benefits in Mexico, including:

- An overview of state and compulsory benefits in Mexico

- Detailed information about private benefits in Mexico

- Insights into various central institutions responsible for the administration of the different branches of social security

- The regulatory framework of employee benefits in Mexico

This report provides a detailed analysis of employee benefits in Mexico:

- It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits.

- It covers an exhaustive list of employee benefits, including retirement benefits , death in service benefits, long-term disability benefits, short-term sickness benefits, medical benefits, workmen’s compensation, maternity and paternity benefits, family benefits, minimum resources, annual vacations, unemployment and private benefits.

- It highlights the economic and regulatory situations relating to employee benefits in Mexico.

Reasons To Buy
- Make strategic decisions using in-depth information related to employee benefits in Mexico.

- Assess Mexico’s employee benefits market, including state and compulsory benefits and private benefits.

- Gain insights into the key employee benefit schemes offered by private employers in Mexico.

- Gain insights into key organizations governing Mexico’s employee benefits, and their impact on companies.

Key Highlights
- Persons who joined the labor force prior to July 1, 1997 receive benefits according to the SAR (Sistema de Ahorro para el Retiro) or MIA (Mandatory Individual Account) system. If a person elects to receive benefits through MIA system, his or her SAR account balance is transferred to a new MIA. Persons who were employed on or after July 1, 1997 are provided MIA.

- Those employed by the state contribute 6.125% of their payroll towards retirement, unemployment in old age, disability, occupational risks and death benefits. The employer contributes 5.175% of the employee’s basic salary and the overall government contributes 5.5% of the minimum wage according to the federal district.

- Private benefits are employee benefits that are not mandated by law but are provided by the employer to increase employee motivation. With almost 70% of medium and large companies offering retirement plans, this is the most provided benefit.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Third Party Administration of Insurance and Pension Funds - The 2017 U.S. Market Research Report (Covers 2008-2021)

Third Party Administration of Insurance and Pension Funds - The 2017 U.S. Market Research Report (Covers 2008-2021)

  • $ 195
  • Industry report
  • March 2017
  • by Kentley Insights

The 2017 Market Research Report on Third Party Administration of Insurance and Pension Funds is an in-depth evaluation of the industry and will provide you with the key insights, trends and benchmarks ...

PPF – PPF Pensions Fund Head Office – Tanzania

PPF – PPF Pensions Fund Head Office – Tanzania

  • $ 75
  • Industry report
  • March 2017
  • by Timetric

Synopsis "PPF – PPF Pensions Fund Head Office – Tanzania" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, ...

UK IFAs, Investment Managers and Platforms 2017

UK IFAs, Investment Managers and Platforms 2017

  • $ 3450
  • Industry report
  • January 2017
  • by GlobalData

Summary Independent financial advisors (IFAs) are a key distribution network for investors in the UK. Product providers will do well to understand the priorities and criteria advisors use in selecting ...

Uk Pensions Snapshot 2016

December 2016 $ 1295

Download Unlimited Documents from Trusted Public Sources

Pension Industry in Brazil

  • April 2017
    17 pages
  • Pension  

  • Brazil  


    South America  

View report >

Pension Industry in the UK - Forecast

  • April 2017
    24 pages
  • Pension  

  • United Kingdom  

View report >

Pension Industry in the UK

  • April 2017
    52 pages
  • Occupational Pe...  

    State Pension  


  • United Kingdom  


View report >

Related Market Segments :



Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.