"AMLO Proposes Revolutionary Pension Reforms and Constitutional Overhaul in Mexico"

Mexico's President Andrés Manuel López Obrador has proposed guaranteeing people pensions equal to their full salaries at the time they retire, a move that no other country has implemented. This is part of a series of 20 constitutional reforms that he hopes will attract voters in the upcoming presidential elections. However, analysts believe it may also be an attempt to set the agenda for the next administration and saddle them with high expectations. The proposed reforms also include guaranteed annual increases in payments to the elderly, increases in the minimum wage, and a ban on fracking, open-pit mining, GM corn, cruelty to animals, and vaping pens. The cost of the proposed pension plan is striking, as it would need to cover the entire workforce and significantly increase pension savings.