Mexico's Sheinbaum: IMSS Modalidad 40 changed after fraud detected in pension scheme

Mexican President Claudia Sheinbaum stated that the IMSS (Mexican Social Security Institute) modified the Modalidad 40 pension scheme after detecting fraudulent schemes that allowed improper access to high pensions. The change is a regulatory response to abuse, but details on the scale of fraud and the specific new rules remain unclear. This is a domestic policy shift with potential fiscal implications for Mexico's pension system.

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