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Mexico Discloses ‘Exorbitant’ Pensions, Opens Reviews of LyFC and Pemex Payouts

The government is transitioning from disclosure to a coordinated legal review to deter future oversized payouts.

Overview

  • Officials published detailed data showing 14,073 LyFC pensioners, including 9,457 with monthly payments between 100,000 and more than 1,000,000 pesos, at an annual cost of about 28,074 million pesos.
  • Pemex reported 22,316 pensionados under its trust regime, with 544 receiving more than the president’s salary and multiple cases exceeding internal pay caps, including 1,096 above the tabulator maximum and 618 above the director’s annual pay.
  • The administration installed interagency working groups, will issue a circular to standardize survival checks, and plans data‑sharing agreements with RENAPO and state civil registries to verify and regularize records.
  • President Claudia Sheinbaum said legal options are being studied, including possible constitutional changes, to prevent excessive public pensions; no immediate cancellations were announced.
  • Anti‑corruption probes tied to Pemex contracts and alleged bribery are advancing with U.S. Department of Justice cooperation, with named former officials under investigation.