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The employer contributes with an equivalent to 2% of the employee's salary to retirement and 3.15% of the salary to the lay-off and old age account. Contributions take place bimonthly. The government contributes 0.225% of the salary to the lay-off and old age account bimonthly and an equivalent of 5.5% of minimum wage in the Federal District.
This day commemorates the Mexican Revolution which started on November 20, 1910 when Francisco I. Madero planned an uprising against dictator Porfirio Díaz 's 31-year-long iron rule. Article 74 of the Mexican labor law (Ley Federal del Trabajo) provides that the third Monday of November (regardless the date) will be an official holiday in Mexico.
El Buen Fin (short for "El Buen Fin de Semana," meaning "The Good Weekend") is an annual nationwide shopping event in Mexico. It began in 2011. It occurs the weekend before Mexican Revolution Day, which is observed on the third Monday of November. On this weekend, major retailers extend their store hours [1] and offer special promotions ...
About 15% of 401(k) plan participants accomplished this feat in 2023, according to the latest data from Vanguard. But sinking that much into your workplace-retirement plan could mean giving up a ...
The Pension Program for the Elderly (PPE) is a safety net, noncontributory pension program administered by the federal Secretariat of Social Development (SEDESOL) in Mexico. The program aims to expand the schemes of universal social security, by providing financial support and social protection to people 65 or older who a) do not benefit from ...
The average 401 (k) balance among near-retirees. Vanguard reports that the average 401 (k) balance among Americans aged 55 to 64 is $244,750. However, the median 401 (k) balance among that age ...
The Passion Play of Iztapalapa is an annual event during Holy Week in the Iztapalapa borough of Mexico City. It one of the oldest and most elaborate passion plays in Mexico as well as the best known, covered by media both in Mexico and abroad. Unlike others in Latin America, its origins are not in the colonial period but rather in a cholera ...
The Feria Nacional de San Marcos (National Fair of Saint Mark) is a national fair held in the Mexican state of Aguascalientes every year for three (or sometimes four) weeks. Most of the events occur in the city of Aguascalientes, the state capital. The exact date of the fair varies every year, but is set around April 25, the Feast Day of St. Mark.
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