RETIREMENT SAVING SYSTEM IN MEXICO: STRATEGIES TO WARRANTY WORKERS' PENSIONS

Since the global financial crisis of two thousand and eight the Retirement Savings System in Mexico has had significant losses in the workers' accounts. This due to multiple factors like the fact that some Retirement Fund Administrators invest the pension resources to carry out megaprojects in the country, such as the construction of the new international airport of Mexico City in two thousand and eighteen of Mexico (Nuevo Aeropuerto Internacional de Mexico-NAIM). These projects generate uncertainty regarding the funds of the system, because it is usual that they get suspended for a long period of time or permanently. Therefore, the money from the Retirement Savings System is at constant risk, since these funds are in the hands of private initiative, usually invested in the Stock Market, resulting in significant losses that will generate the insufficiency of workers' pensions. Although the right to a pension is established in the Magna Carta, this right lacks of warranties for its protection.