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Mexico Unveils Data on ‘Exorbitant’ LyFC and Pemex Pensions, Launches Review

The administration opened interagency reviews to verify legality, signaling potential constitutional changes to prevent future abuses.

Overview

  • Officials disclosed that Luz y Fuerza del Centro has 14,073 pensioners with an annual cost of about 28,074 million pesos, including 9,457 people who receive between 100,000 and more than 1,000,000 pesos per month.
  • One LyFC beneficiary receives over 1 million pesos monthly, and the federal government subsidizes income tax on these pensions at roughly 2,367 million pesos per year.
  • Pemex reports about 22,316 trust‑regime pensioners with an annual cost near 24,844 million pesos, including 544 whose monthly payments exceed the president’s salary and 15 above 340,000 pesos.
  • The government set up mesas de trabajo coordinated by the Consejería Jurídica with IMSS, ISSSTE, INDEP, Pemex, CFE and SHCP, issued a forthcoming oficio circular on survivorship checks, and prepared RENAPO and civil registry data‑sharing to validate records.
  • President Claudia Sheinbaum called some payouts offensive, attributed many grants to past administrations, and said legal reviews are underway as authorities weigh constitutional reforms to curb outsized pensions.