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Employee Benefits Report

Product Employee Benefits Reports Rev Bulgaria

Key Highlights

Get access to Axco’s online product for a comprehensive understanding of employee benefits in Mexico

Overview

Comprehensive employee benefits information for Mexico. Details mandatory benefits and plans as well as typical market practice. Includes data on pensions and retirement benefits, employee leave and termination indemnities.

Axco's employee benefits report for Mexico provides expert analysis of the Mexican benefits landscape, detailing state and compulsory benefits and local market practice across necessary to know when employing staff in Mexico or thinking of entering the market.

The comprehensive report is produced by a dedicated research team with years of experience in international employee benefits. The report outlines all key benefits in Mexico, including insight into changes to the costs and benefits of social security and mandatory benefits requirements, as well as typical employer practice. Information and necessary details on new legislative mandates are regularly updated to ensure you remain compliant.

Suitable for international employee benefits consultants, brokers or corporates looking at establishing business in Mexico, the report outlines the employment benefits requirements for your employees in Mexico. Coverage extends to retirement benefits, death in service benefits, long-term disability, medical benefits, workers compensation, personal accident insurance, termination indemnities, maternity benefits & maternity/paternity benefits and other employee and state benefits.

Axco analysts also report on Mexican economic factors, the local political situation, and sections on climate, operational, and security risks.

Employee Benefits Report Extract

This is a brief extract of information; more updated information may be available in the latest published report

Retirement

Benefit Provider

State & Compulsory Benefits

Retirement benefits are provided through a Retirement Fund Administrator (Administradora de Fondos para el Retiro - AFORE) as chosen by the employee, however, employees with ...

In December 2020, Congress approved significant AFORE pensions reform, including the following:

  • effective 1 January 2021, to qualify for retirement benefits the employee will require a minimum of .....

Typical Employer Practice

Around 45% of supplementary pension plans provide benefits on a defined benefit (DB) basis; however, there is a growing ...

 

Retirement Age

State & Compulsory Benefits

Normal Retirement Age

The normal retirement age is 65 years for men and women, provided employment has ceased.

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£450

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