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Andrés Manuel López Obrador says presidential pensions not in budget

Andrés Manuel López Obrador, winning candidate of the presidential election says the 2019 budget does not include pensions for ex-presidents.

In a press conference, the president-elect said “the pension for ex-presidents no longer appears in the 2019 budget. If they worked in the public service, they are entitled to the ISSSTE pension and if they are older than 65, they have the right to older adult support.”

He said that in the budget to be presented by 2019, funds will no longer be allocated to the pensions of former presidents adding that teachers will earn a little more than inflation. “This goes for teachers, nurses, doctors, police, soldiers and sailors.”

On July 4, former President Vicente Fox said in an interview with Azucena Uresti for Mileno Television that if it is necessary to give up his pension so that Mexico can do well, he is willing to do so.

“There are 130,000 peso a month that I do use to live. I’ll have to find ways to replace it. If that serves, as I said, for Mexico to do well, giving up the the pension is okay. The other two, Salinas and Calderon, have already given them up.

“I had not given it up because I to live, but hey, if it’s over, it ‘s over,” said the former president.

On July 4, López Obrador said that his plan to increase the pension for seniors and the support of work and study for young people will represent an annual investment of 150 billion peso.