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Mexico pledges to extend supplemental pensions

Friday, March 8, 2013

Mexican President Enrique Pena Nieto says he will expand a supplementary pension program by lowering the eligibility age to 65.

The program currently applies to people 70 and over and gives them a payment of about 500 pesos ($39) a month.

The expansion will add about 2.5 million people to the approximately 5.6 million Mexicans now getting benefits.

Source: Associated Press