Summary
- Changes aim to improve eligible workers’ quality of life.
- Topics include pension contributions and appointed beneficiaries' ability to receive deceased workers’ benefits.
On December 9, 2020, the Senate of the Republic approved the reform that was previously been approved by the House of Representatives, in terms of which several provisions of the Social Security Law and the Retirement Savings System Law were amended, added and repealed.
The purpose of the reform is to improve the quality of life of the workers who are eligible to a pension under the Social Security Law, with the following main topics:
The approved initiative was published in the Official Gazette of the Federation on December 16, 2020, in order to come into force on January 1, 2021.