The Mexican Social Security Institute
is a governmental organization that attends to public health
Public health is "the science and art of preventing disease, prolonging life and promoting health through the organized efforts and informed choices of society, organizations, public and private, communities and individuals" . It is concerned with threats to health based on population health...
In general, a pension is an arrangement to provide people with an income when they are no longer earning a regular income from employment. Pensions should not be confused with severance pay; the former is paid in regular installments, while the latter is paid in one lump sum.The terms retirement...
s and social security
Social security is primarily a social insurance program providing social protection or protection against socially recognized conditions, including poverty, old age, disability, unemployment and others. Social security may refer to:...
in Mexico operating under Secretaría de Salud (Secretariat of Health
The Secretariat of Health is the government department in charge ofall social health services in Mexico.The Secretary of Health is a member of the Executive Cabinet and is appointed at the discretion of the President of the Republic.In the last years, the Secretariat has played a more restricted...
The IMSS was founded by President
The President of the United Mexican States is the head of state and government of Mexico. Under the Constitution, the president is also the Supreme Commander of the Mexican armed forces...
Manuel Ávila Camacho
Manuel Ávila Camacho served as the President of Mexico from 1940 to 1946.Manuel Ávila was born in the city of Teziutlán, a small town in Puebla, to middle-class parents, Manuel Ávila Castillo and Eufrosina Camacho Bello. He had several siblings, among them sister María Jovita Ávila Camacho and...
on January 19, 1943, in order to satisfy the legal precepts established in the Article 123 of the Constitution
The Political Constitution of the United Mexican States is the current constitution of Mexico. It was drafted in Santiago de Querétaro, in the State of Querétaro, by a constitutional convention, during the Mexican Revolution. It was approved by the Constitutional Congress on February 5, 1917...
. It is constituted by representations of the Workers, Employers and the Federal government.
It is the largest social institution in Latin America.
For some time, however, there have been festering signs of trouble in IMSS, not the least being serious financial problems that came to a head in early November 2010. Yet it's hard -- nearly impossible -- to imagine the Mexican government not bailing out its lauded healthcare, pension and social security system. See "Looming Social Security and Healthcare Problems in Mexico," by Barnard R. Thompson, MexiData.info, Nov. 8, 2010
||term in office
| Vicente Santos Guajardo
| Ignacio García Téllez
| Antonio Díaz Lombardo
| Antonio Ortiz Mena
Antonio Ortiz Mena was a Mexican economist who served as President of the Inter-American Development Bank and as Mexico's Secretary of Finance during the administrations of Adolfo López Mateos and Gustavo Díaz Ordaz .According to Pedro Aspe —who served as Secretary of Finance almost two decades...
| Benito Coquet Lagunes
| Sealtiel Alatriste Ábrego
| Ignacio Morones Prieto
| Carlos Gálvez Betancourt
Carlos Gálvez Betancourt was the governor of Michoacán from 1968 to 1970. He also served as the Mexican Secretary of Labor....
| Jesús Reyes Heroles
| Arsenio Farell Cubillas
| Ricardo García Sáinz
|| 1982 - 1991
| Emilio Gamboa Patrón
|| 1991 - 1993
| Genaro Borrego Estrada
| Mario Luis Fuentes Alcalá
| Santiago Levy Algazi
| Fernando Flores y Pérez
| Juan Francisco Molinar Horcasitas
| Daniel Karam Toumeh
Daniel Karam Toumeh born on March 15, 1973 in Mexico City, is the director of the Mexican Social Security Institute .He has a BA in Economics from the Instituto Tecnológico Autónomo de México, where he received a special mention in the thesis "Political Economic Cycles: The Case of Mexico." He has...
Mexican Social Security Law
The Mexican Social Security law currently in effect, published in the Official Journal of the Federation on December 21st
, 1995, is the legislative domain under which the IMSS carries out its operations.
Currently the law indicates that Social Security has the following purposes:
- Medical assistance
- Protection of basic necessities of subsistence
- Social services necessary for individual and collective well-being
- Giving out a pension which, depending on the completion of the legal prerequisites, will be guaranteed by the State
The law contemplates two domains, an "obligatory" one (funded by individual, employer and state contributions), and a "voluntary" one (aimed at workers in household industries and self-employed professionals).
The following items are excluded from the base quoted salary:
- Tools of trade such as tools and clothing
- Savings deposits, when they are made up of a weekly, biweekly or monthly deposit equally from the worker and the employer
- Additional voluntary contributions
- Contributions to INFONAVIT
- Food and lodging when they are given in an onerous manner
- Payments in coin or cash
- Rewards for attendance and punctuality
- Overtime, within limits established by law