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The Demographics of Mexico are important to understanding why the country created this program for the elderly. Since 1975, the median age of the Mexican population has risen significantly. In 2015, the median age of the population was 27.4 years. Also, from 2004 to 2015, the portion of the population aged 65 years and over increased gradually. [5]
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ISO 3166-2, International Organization for Standardization - ISO 3166 Codes Mexico. ISO 3166 Country Codes, International Organization for Standardization. Accessed on line October 21, 2007. States of Mexico, statoids.com. Last updated April 23, 2007; accessed on line October 21, 2007.
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The OECD on Mexico's pension systems, published in 2016, the OECD, proposes four strategies; [17] 1.- Increase, gradually, the mandatory contributions for the pension. According to the international organization, "a replacement rate of 50% can be achieved with a probability of 75 to 90%, contributing an average of 13 to 18% over 40 years." 2.-
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Mexico offers social welfare assistance designed to meet needs of the Mexican population including assistance for low-income populations, women, youth, the elderly, and disabled individuals. Mexico has been offering social welfare since 1999. [1]
The Mexican Institute of Social Security (Spanish: Instituto Mexicano del Seguro Social, IMSS) is a governmental organization that assists public health, pensions and social security in Mexico operating under the Secretariat of Health. It also forms an integral part of the Mexican healthcare system.
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