Carlos Slim Proposes to Eliminate Welfare Pension and Raise Retirement Age to 75 Years

The Law of the Mexican Social Security Institute (IMSS) establishes that Mexicans can retire for old age from age 65 and on the same basis, welfare pensions are granted from that age. However, businessman Carlos Slim has stated that this retirement age is no longer sustainable and proposes to extend working life by at least one more decade to 75 years. He argues that demographic conditions have changed considerably since retirement was set at ag…

Mexico, May 27, 2025.- The businessman Carlos Slim Helú proposed the elimination of welfare pension programs in Mexico, suggesting that the government should focus on creating job opportunities for the retired population. Carlos Slim’s statements were made during the World Summit of Nobel Prizes held in Monterrey, Mexico.... Read more →