- Mexican Social Security Institute
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Mexican Social Security Institute 
IMSS Logo Agency overview Formed January 19, 1943 Jurisdiction Federal government of Mexico Headquarters Reforma 476, Col. Juárez, México City Employees 360,106 (2007) Annual budget MXN$6 billion (2008) Agency executive Daniel Karam Toumeh, General Director Parent agency Secretariat of Health Website www.imss.gob.mx The Mexican Social Security Institute (Spanish: Instituto Mexicano del Seguro Social, IMSS) is a governmental organization that attends to public health, pensions and social security in Mexico operating under Secretaría de Salud (Secretariat of Health).
Contents
History
The IMSS was founded by President Manuel Ávila Camacho on January 19, 1943, in order to satisfy the legal precepts established in the Article 123 of the Constitution. It is constituted by representations of the Workers, Employers and the Federal government.
It is the largest social institution in Latin America.
For some time, however, there have been festering signs of trouble in IMSS, not the least being serious financial problems that came to a head in early November 2010. Yet it's hard -- nearly impossible -- to imagine the Mexican government not bailing out its lauded healthcare, pension and social security system. See "Looming Social Security and Healthcare Problems in Mexico," by Barnard R. Thompson, MexiData.info, Nov. 8, 2010
Mexican Social Security Institute building (IMSS), located on Tokio Street Near Metro station Sevilla in Mexico City.
Directors-General
officeholder term in office Vicente Santos Guajardo 1940-1944 Ignacio García Téllez 1944-1946 Antonio Díaz Lombardo 1946-1952 Antonio Ortiz Mena 1952-1958 Benito Coquet Lagunes 1958-1964 Sealtiel Alatriste Ábrego 1964-1966 Ignacio Morones Prieto 1966-1970 Carlos Gálvez Betancourt 1970-1975 Jesús Reyes Heroles 1975-1976 Arsenio Farell Cubillas 1976-1982 Ricardo García Sáinz 1982 - 1991 Emilio Gamboa Patrón 1991 - 1993 Genaro Borrego Estrada 1993-2000 Mario Luis Fuentes Alcalá 2000 Santiago Levy Algazi 2000-2005 Fernando Flores y Pérez 2005-2006 Juan Francisco Molinar Horcasitas 2006-2009 Daniel Karam Toumeh 2009- Mexican Social Security Law
The Mexican Social Security law currently in effect, published in the Official Journal of the Federation on December 21st, 1995, is the legislative domain under which the IMSS carries out its operations.
Currently the law indicates that Social Security has the following purposes:
- Medical assistance
- Protection of basic necessities of subsistence
- Social services necessary for individual and collective well-being
- Giving out a pension which, depending on the completion of the legal prerequisites, will be guaranteed by the State
The law contemplates two domains, an "obligatory" one (funded by individual, employer and state contributions), and a "voluntary" one (aimed at workers in household industries and self-employed professionals).
The following items are excluded from the base quoted salary:
- Tools of trade such as tools and clothing
- Savings deposits, when they are made up of a weekly, biweekly or monthly deposit equally from the worker and the employer
- Additional voluntary contributions
- Contributions to INFONAVIT
- Food and lodging when they are given in an onerous manner
- Payments in coin or cash
- Rewards for attendance and punctuality
- Overtime, within limits established by law
External links
Categories:- Government of Mexico
- 1943 in Mexico
- 1943 establishments
- Healthcare in Mexico
- Mexico stubs
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