Mexico's President, Andrés Manuel López Obrador, made a bold proposal on Monday to guarantee people full-wage pensions upon retirement, a move that no other country has implemented, even those wealthier than Mexico. While this announcement comes with only eight months left in López Obrador's presidency, it appears to be part of a larger strategy to attract voters for the upcoming presidential elections in June.
López Obrador's plan includes a series of 20 constitutional reforms, but it is unlikely that he will secure their passage before leaving office in September. However, these proposals could set the stage for his party's candidate, Claudia Sheinbaum, and potentially help Morena gain the two-thirds majority in Congress needed to amend the Constitution.
