President Claudia Sheinbaum has named the new reform initiative 'Pensions without Privileges,' which she will send to Congress to limit millionaire pensions for high-ranking officials in the public sector. During her morning conference this Wednesday, the president presented the initiative to cap the pensions for trusted officials at half of what the president earns. The measure excludes workers under collective contracts. Prior to the initiative's presentation, the head of the Corruption department, Raquel Buenrostro, presented the situation of the largest pensions in the federal government, calling some 'exorbitant.' For example, she highlighted pensions for former workers of the now-defunct Luz y Fuerza, where 9,547 pensionees, that is, 67% of the total, receive a pension of 100,000 to one million pesos. Pemex confirms a 4.5% salary increase for union workers. Another case is Pemex, where 544 female pensionees receive amounts higher than the president's salary, totaling 1,827 million pesos annually, in addition to pointing out irregularities such as pensions in some cases not corresponding to the salary level. In CFE, they counted 2,199 people receiving significant amounts, totaling up to 4,496 million. The president emphasized that this reform to article 127 of the constitution regarding limits on retirements and pensions of public entities does not apply to workers with collective contracts. 'We are referring to the high-ranking officials to whom we still have to pay extremely high pensions with public resources,' she said. Additionally, Sheinbaum stated that through this initiative, they aim to generate savings of 5 billion pesos that will be allocated to Bienestar programs.
