Development Banks

Development Banks Within the pension systems of the Federation there are contrasts on the one hand there are withdrawals that are endangered and others are privileged, as in the case of retirements on the Foreign Trade Bank and National Financial.

Luis Felipe Muñiz, president of the Association of Pensioners of Banks of Commercial Exterior (Bancomext) said that currently has a fund of 8.000 billion pesos for the payment of 850 pensioners.

“Our pensions are guaranteed by a public trust, it feeds on the investments the bank makes and tries to be in safe instruments,” he said.

The former employees of Bancomext said that retirees continue to enjoy the same benefits as when they were active employees.

Among the benefits that workers have the loans are short-and long-term non-interest savings funds, private health care for themselves and their children and retirement of up to 100 percent. Read the rest of this entry »