Politics · Mexico · 3 hrs ago
Mexico’s pension fund group urges review but opposes raising retirement age
Mexico’s pension fund association, Amafore, says the pension system needs review as the country’s population ages.
The share of children born per woman fell from 2.1 in 2020 to 1.9 in 2025, according to figures cited by the association.
Fewer young workers may mean less support for older people, putting pressure on systems that rely partly on contributions across generations.
Mexico has several pension arrangements, including individual Afore accounts and government support schemes.
Amafore opposes raising the retirement age, saying formal employment falls well before people reach retirement age.
Its figures show formal employment among people aged 50 to 55 at 9.5%, down from 15% among those aged 25 to 35.
The association says a higher retirement age could worsen the problem if older people cannot find formal work.
In 2026, 8,230 people are projected to apply for a pension supplement from the Pension Fund for Wellbeing, which is expected to raise their average monthly income to 10,545 pesos.
Mexico’s Association of Pension Fund Administrators called for a review of the pension system as the country ages but opposed raising the retirement age.
The group said formal employment declines well before retirement age, making a higher age a poor fit for Mexico.
Mexico’s average number of children born per woman fell from 2.1 in 2020 to 1.9 in 2025, according to the 2025 Intercensal Survey.
The association said individual pension accounts respond to demographic change, while public support helps provide pensions suited to workers’ circumstances.
- Who
- The Mexican Association of Pension Fund Administrators (Amafore), led by its president, Guillermo Zamarripa.
- What
- Amafore urged a review of the pension system but opposed raising the retirement age.
- When
- The report was published on October 19, 2026.
- Where
- Mexico.
- Why
- Amafore said the country is ageing and formal employment declines well before retirement age.
This story does not have two clearly opposing sides.
Mexico’s average number of children born per woman was 2.1, according to the survey cited by Amafore.
The Intercensal Survey reported that the average had fallen to 1.9.
Amafore said 8,230 people were projected to apply for a pension supplement from the Pension Fund for Wellbeing.
Expansión MX published its report on Amafore’s call to review the system and opposition to raising the retirement age.
- Fertility rate, 2020
- 2.1 children
- Fertility rate, 2025
- 1.9 children
- Formal employment, ages 50–55
- 9.5%
- Afore pensions authorised
- 120,900
- Projected pension supplement applicants, 2026
- 8,230
What people are saying
There cannot be so much intergenerational subsidy because there are fewer and fewer young people of working age supporting a group of older adults.
The system’s structure must make this intergenerational support reasonable and not excessive.