this post was submitted on 27 Apr 2026
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In México they're called PPR (PLAN PERSONAL DE RETIRO, i.e. Personal retirement plan), they're offered by private finance companies often the same ones that sell insurance. In a nutshell, you only get a fraction of what you invested and only if you complete the entirety of the retirement plan, if for whatever reason you are unable to continue paying it you can lose the entirety of your "savings" and your family can't even retrieve it if something were to happen.
You're straight up better off by going to a bank and setting up an automatic fund even with their lowest interest rate fund or better yet automatic bond investing, in either case you do even less work than having a private retirement plan. This has all the added benefit of being able to use your savings in case of an emergency and even inheriting to your family.
Same for healthcare, just set up an investment account and have it automatically deduct X amount from your salary, or whatever you would pay for a private insurance, and same as before you will always have the option to inherit to your family in case something happened to you.
Ahhh, gotcha... yeah that type of retirement plan is indeed a scam!