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Oaxaca of Juárez, July 3rd. Just in the middle of the next administration will begin what could be the next crisis in the country: the retreats of Afores the experts agreed. 
In 2021, it will be 24 years since this pension scheme was created in Mexico, a period equivalent to one thousand 250 weeks, a period that the law of the IMSS of 1997 establishes as the minimum duration to apply for a pension, which means that in three years the first pension applications will be made with this system.
The main alert stems from the replacement rate which is on average 30 percent, according to data from the OECD,
The above implies that at the time of retirement, a worker will receive a little less than a third of his last salary as a pension. The average replacement rate in OECD countries is 62%.
"It's a problem that needs to be resolved quickly, given the aging population of the country.The challenge is to strengthen the savings of the workers who are in the future," said Carlos Ramírez , president of the National Committee of the Retirement Savings System (Consar), in El Financiero
"Yes, it is urgent, because staying as we are not the best option.More reform is postponed, less will be enough to satisfy the retirees. "
According to the Consar, 2 thousand 159 Mexicans will be 65 every day in 2020, but this figure will increase to 3 thousand in 2030 This demographic structure, combined with low income, will be a social pressure that the administration and the following administrations will receive.
"The increase in workers' resources in Mexico should be one of the main issues that must be addressed throughout The agenda of the President has arrived," said Mauricio Alarcón, CEO from Afore Coppel. "The question of increasing the compulsory contribution should be a priority, to generate a higher pension."
Insufficient savings
Low pensions in the countries will be the result of low contributions, agreed the experts.
the cumulative contribution between the worker and the employer for the retirement account equals 6.5% of the salary of the insured, against 18 , 4% on average in OECD countries.
The previous system will also put pressure on the following administrations, since the last beneficiaries of the 1973 Act will receive a pension payable by the government up to In the 2050s, according to OECD
"Existing pension expenditures will increase at a faster rate, since an additional requirement will be added to address the health service demands of this population, whose pensions will be very low, pressing more the public budget intended for this segment of adults The largest companies, "said Leopoldo Somohano, director of strategy at Principal Financial Group.
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