President Claudia Sheinbaum revealed she will send Congress an initiative to eliminate million-peso pensions for former high-ranking officials in entities like Pemex and CFE. The proposed cap is half the presidential salary, around 70,000 pesos monthly. The savings, estimated at 5 billion pesos, will go to Bienestar programs.
During her morning conference on February 18, President Claudia Sheinbaum announced that in the coming days, possibly on Monday 23, she will send a constitutional reform initiative to the Senate to cap pensions for former high-ranking officials. The amendment would affect Article 127, limiting pensions to half the executive's income, about 70,000 pesos monthly.
Sheinbaum explained that these ex-public servants currently receive between 300,000 and one million pesos monthly, amounts that have persisted for years. The measure would not affect base workers' labor rights with collective contracts, only those in the trust regime. 'High-ranking ex-officials who today receive one million pesos monthly or up to 300,000 pesos and who have received it for quite some years,' the president detailed.
The Secretary of Anticorruption and Good Government, Raquel Buenrostro, presented specific data. In the defunct Luz y Fuerza del Centro, 9,457 former workers receive pensions from 100,000 to one million pesos monthly, costing 28 billion pesos annually; of them, 3,504 exceed the president's net salary. In Pemex, 544 pensioners receive amounts above presidential pay, totaling 1.827 billion pesos annually. In the CFE, 2,199 people receive over 4.496 billion pesos a year. Additionally, in Nacional Financiera (Nafin), 1,449 retirees in the trust regime cost 643 million pesos annually.
The initiative fits the federal government's austerity policy and aims to redirect resources to social programs. Sheinbaum estimated savings of up to 5 billion pesos, to be used for Bienestar. Buenrostro stressed that some retirees 'earn more than the president.' The proposal respects pensions in general work conditions and will apply after congressional approval.
