Overview

• SHCP’s Héctor Santana identified rising life expectancy as the principal challenge for the SAR and urged stronger Afore investment regimes to improve returns.
• He warned pensions already consume roughly 22–23% of the federal budget and exceed 4.4% of GDP.
• Consar reported about 70 million Afore accounts nationwide, while SHCP said 45% of the population has never had a retirement account.
• Condusef counted only about 430,000 Personal Retirement Plans, highlighting limited private planning beyond workplace saving.
• Officials noted persistent gender gaps—34% of women hold an Afore versus 51% of men, and men’s balances are about 30% higher—while Siefores manage roughly 7.5 trillion pesos invested in the economy.