1. Market Research
  2. > Financial Services
  3. > Insurance
  4. > Pension Market Trends

Employee Benefits in Mexico

  • January 2015
  • 64 pages
  • Timetric
Report ID: 2625803

Summary

Table of Contents

Search Inside

Synopsis
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.

Summary
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

Scope
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
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

UK Pensions Market 2017

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

UK Pensions Market 2017 Summary Pre- and post-retirement markets have seen some big changes over the last few years. The state pension has been changed from a two-tier to a flat-rate model to relieve pressure ...

Pension Funding in South Africa 2017

  • $ 1680
  • Industry report
  • June 2017
  • by Who Owns Whom

The South African Pension Funding sector: Members of the Association for Savings and Investment South Africa (ASISA) managed total assets worth R8.6-trillion in 2015, according to the Association’s latest ...

Aging Populations - Overcoming the challenges of a world with a depleted workforce and elderly populace

  • $ 1495
  • Industry report
  • May 2017
  • by MarketLine

Aging Populations - Overcoming the challenges of a world with a depleted workforce and elderly populace Summary The world’s population is growing old and some of the world’s most powerful economies ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

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