Suvarna Garge

Mexican Social Security Institute

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Formed  January 19, 1943
Annual budget  MXN$6 billion (2008)
Founder  Manuel Ávila Camacho
Employees  360,106 (2007)
Parent agency  Secretariat of Health
Founded  19 January 1943
Mexican Social Security Institute
Headquarters  Reforma 476, Col. Juárez, México City
Agency executive  Daniel Karam Toumeh, General Director
CEO  Mikel Andoni Arriola Peñalosa (Feb 2016–)
Jurisdiction  Federal government of Mexico
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Mexican social security seguridad social mexicana


The Mexican Social Security Institute (Spanish: Instituto Mexicano del Seguro Social, IMSS) is a governmental organization that assists public health, pensions and social security in Mexico operating under Secretaría de Salud (Secretariat of Health).

Contents

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History

The IMSS was founded by President Manuel Ávila Camacho on January 19, 1943, in order to satisfy the legal precepts established in the Article 123 of the Constitution. 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.

Mexican Social Security Law

The Mexican Social Security law currently in effect, published in the Official Journal of the Federation (21 December 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
  • References

    Mexican Social Security Institute Wikipedia


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