Description: Chapter 9 reviews some of the challenges still facing the Mexican system including retirement age, portfolio risk, INFONAVIT, and the informal market that includes a majority of Mexican workers. From Retrospective and Perspective Analysis of the Privatized Mandatory Pension System in Mexico, M-RS02-1.

Description: Chapter 1 describes important changes in Mexico in the 1990s such as re-privatization of banks, relaxed financial regulation, membership in NAFTA and OECD, and political change at the federal level. From Retrospective and Perspective Analysis of the Privatized Mandatory Pension System in Mexico, M-RS02-1.

Description: Mexico substituted its defined benefit system [IMSS] of the formal sector by a defined contribution system in 1997. The initial plan called for buying single premium annuities for the widows and disabled workers under the new system. In the first three years, this market came to occupy a significant part of the insurance sector. Then, the number of workers getting benefits started to fall dramatically. This is the abstract of a paper that shows that such a fall has been a direct result of how the IMSS authorizes the issuance of single premium annuities. The paper analyses the rationale behind such a dramatic change in policy, analyzes various possible scenarios of IMSS strategies, and examines the problem to see if it brings in any long-term benefits to IMSS.

Description: Chapter 5 concludes that the results of the research into the system show that customer retention in the Mexican pension industry is related to specific dimensions of service quality. From Retrospective and Perspective Analysis of the Privatized Mandatory Pension System in Mexico, M-RS02-1.

Description: There are many investigations probing the relationship between health outcomes [such as mortality rate, fertility rate] and economic variables [such as rise in income] and other variables [such as level of education, availability of clean water]. Usually, these results are demonstrated using data from countries where economic conditions are improving over time along with health outcomes. This paper studies the links between health risks and the current economic conditions in Mexico where general mortality conditions improved during the period 1980-2000 but income fell.

Description: Panelists provide: [1] a summary of legal issues and recent federal court cases regarding employee and retiree benefit plans, and [2] discussion of three research papers providing new thought and insight involving the perspective of many disciplines about the aging population and changing family structures in the U.S. and around the world. From the 2002 Record of Society of Actuaries, Volume 28, No. 2. Session 143TS of the San Francisco Spring Meeting.

Description: This paper examines the privatized individual pension accounts that are becoming widespread in a number of Latin American countries, and suggests that the experiences in these countries could offer guidance to other countries considering similar privatization.

Description: Chapter 2 examines the long history of social security in Mexico, noting that for most of its history, Mexican social security was highly selective and never universal. From Retrospective and Perspective Analysis of the Privatized Mandatory Pension System in Mexico, M-RS02-1.

Description: Chapter 4 describes growth issues including multiple account problems of the old SAR, the amount of money in the AFOREs, and portfolio composition in the AFOREs. From Retrospective and Perspective Analysis of the Privatized Mandatory Pension System in Mexico, M-RS02-1.

Description: Chapter 6 raises the issue that pension privatization does not generate income. Consequently, a way must be found to continue payments to the transition generation still under the old pay-as-you-go system. From Retrospective and Perspective Analysis of the Privatized Mandatory Pension System in Mexico, M-RS02-1