Information contained in this publication is intended for informational purposes only and does not constitute legal advice or opinion, nor is it a substitute for the professional judgment of an attorney.
Mexico Increases the General Minimum Wage, Effective as of December 1, 2017
New Order or Decree
Author: Mónica Schiaffino, Shareholder — Littler Mexico, S.C.
As of December 1, 2017, Mexico’s new minimum salary is $88.36 Mexican Pesos per day. The new minimum wage combines two separate increases. The first increase, consisting of $5.00 Mexican Pesos per day, was designated as an “independent recuperation amount” (“monto independiente de recuperación”) to strengthen employees’ purchasing power. The second increase, consisting of 3.9%, represents the rate that is typically approved for annual wage increases, except that it became effective December 1, 2017. Employers should review and adjust their payroll practices to comply with this new increase to the minimum wage.
Response to Recent Earthquakes: INFONAVIT Implements Support Measures
New Regulation or Official Guidance
Author: Tania Terrazas Arnaldo, Associate — Littler Mexico, S.C.
To support employers and employees located in the states and municipalities affected by the earthquakes of September 8 and 19, 2017, INFONAVIT (“Employees’ Housing Fund Institute”) has implemented five types of measures: (i) extension for employers’ withholding and credit amortization obligation; (ii) suspension of debt verification actions for employers; (iii) extension of employers’ payments of social security contributions; (iv) insurance against damages for employees in affected municipalities; and (v) extension of housing credit payments for employees. These measures are available depending on the municipality and may be accessed by contacting INFONAVIT.