Mexican lawmakers approve new pension fund backed by president
Mexico's Senate approved the creation of a new pension fund on Thursday aimed at boosting payouts to the lowes ...
Nearly Half of the Largest US Pension Funds are More Than 100% Funded, Milliman Reports
Milliman, which tracks the status of the largest 100 corporate defined benefit plans in the U.S., reported tha ...
UK. Public trust in pensions rises, but reservations remain
Trafalgar House’s Trust and Confidence Index polled 2,000 people to assess how much they trust the pension ind ...
Ghana. SSNIT reserves projected to hit zero in 12 years – ILO
This was revealed in an actuarial valuation study of the Social Security and National Insurance Trusts (SSNIT) ...
Canada. 73% of OPB plan members want ESG considerations included in investment decisions: survey
Roughly seven in 10 (73 per cent) Ontario Pension Board plan members believe environmental, social and governa ...
U.S. corporate pension funding remains near 100% in 2023 — Milliman
U.S. corporate pension plan funding ratios fell slightly to 98.5% in 2023 due to falling discount rates, accor ...
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ARTICLES
Another brick on the Wall: On the Effects of Non-Contributory Pensions on Material and Subjective Well Being
By Rosangela Bando, Sebastian Galiani & Paul Gertler Public expenditures on non-contributory pensions are equivalent to at least 1 percent of GDP in several countries in Latin America and is expected to increase. We explore the effect of non-contributory pensions on the well-being of the beneficiary population by studying the Pensiones Alimentarias program established by […]
Economic Consequences of Pension Bailouts: Evidence from the American Rescue Plan
By Michael Dambra, Phillip J. Quinn & John Wertz Multiemployer pension plans (MEPPs) provide retirement benefits for 11 million participants, yet until recently, hundreds of these pension plans – covering 3 million participants – faced insolvency. We use the 2021 passage of the American Rescue Plan Act to examine how pension bailouts affect the management […]
An Assessment of the 2019 and 2020 Pension Reforms in Mexico
By Boele Bonthuis In recent years the Mexican pension system has changed significantly. In 2019 the existing means-tested social pension was made universal – covering everyone over the age of 65 – and the benefit level increased. In 2020, the main regime of the private sector was substantially reformed, increasing contribution rates for the funded […]
NEWS
Mexican lawmakers approve new pension fund backed by president
Mexico’s Senate approved the creation of a new pension fund on Thursday aimed at boosting payouts to the lowest-earning recipients. The creation of the fund, which is part of a pension reform proposed by outgoing President Andres Manuel Lopez Obrador, won the support of 70 senators, with 43 against and two abstentions, after a heated […]
Nearly Half of the Largest US Pension Funds are More Than 100% Funded, Milliman Reports
Milliman, which tracks the status of the largest 100 corporate defined benefit plans in the U.S., reported that corporate pension funding is near its all-time highs in the recent results of its 2024 corporate pension funding study. Among Milliman’s findings, the funded status of these plans declined slightly from 99.4% to 98.5%, due to a slight […]
UK. Public trust in pensions rises, but reservations remain
Trafalgar House’s Trust and Confidence Index polled 2,000 people to assess how much they trust the pension industry and whether they believe it will meet their retirement needs. It asked participants to rate their trust in the pensions industry on a scale of 0 to 10, with 0 being “not at all” and 10 being […]
Ghana. SSNIT reserves projected to hit zero in 12 years – ILO
This was revealed in an actuarial valuation study of the Social Security and National Insurance Trusts (SSNIT) viability. According to ILO, total income including contributions, investment income and other income, will no longer be sufficient to pay for annual expenditures including benefit payments to pensioners by 2029. “Starting in 2029, total income (contributions, investment income […]