Mexican Institute of Social Security
IMSS Logo
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| Agency overview | |
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| 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 |
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| 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 assists public health, pensions and social security in Mexico operating under Secretaría de Salud (Secretariat of Health).
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.
The Mexican Social Security law currently in effect, published in the Official Journal of the Federation (21 December 1995), is the legislative domain under which the IMSS carries out its operations.
Currently the law indicates that Social Security has the following purposes:
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:
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