Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexico ends Presidential Pensions and cuts pay for public servants

Mexico has tightened laws dictating that public servants can't earn more than the president and eliminated so-called golden parachutes for elected officials.

Lawmakers decreed via the official gazette Monday that there will be some exceptions for salaries of employees with high levels of specialization and technical expertise, but even those salaries will be capped at 50 percent more than the president's salary.

President-elect Andres Manuel Lopez Obrador takes office Dec. 1 and has said he will pay himself 108,000 pesos ($5,400) a month. This implies that no public servant will be able to earn . . .

Read Full Story

Related Posts

Park Life brings rental housing to the public market

Park Life brings rental housing to the public market

Park Life’s debut gives Mexico a public-market vehicle for rental housing, a move that could...
puerto vallarta cruises

Puerto Vallarta closes March with 11,668 cruise visitors

Two cruise ships brought 11,668 people to Puerto Vallarta on March 31 as the port...
Mexico’s Public Investment Slump Sends Growth Warning

Mexico’s Public Investment Slump Sends Growth Warning

Mexico’s public investment fell 44.9% through February, driven by energy cuts and Pemex, raising fresh...
Cancún Launches a City Guide Beyond the Hotel Zone

Cancún Launches a City Guide Beyond the Hotel Zone

Todo Cancún combines tourism, culture, sports and downtown routes in one portal as the city...