admin, Author at Pension Policy International

13JulJuly 13, 2018

US. Brown University Retirement Plan Lawsuit Advances

Brown University staff can advance some of their claims in a challenge over how the elite college managed their retirement savings. The workers can move on with their claims related to record-keeping services, including that Brown acted imprudently by using more than one record-keeper, not employing competitive bidding in its selection, and allowing the plans to pay excessive administrative fees, Chief Judge William E. Smith of the U.S. District Court for the District of Rhode Island held July 11. The workers...

July 13, 2018

NewsUS

13JulJuly 13, 2018

Japan pension funds raise alternatives exposure to record high in 2017 survey finds

Japanese pension funds raised their allocation to alternative investments to a record 17.1% of total assets last year in a bid to boost returns, according to findings from a survey by JP Morgan Asset Management (JPMAM). At the same time, their allocation to Japanese government bonds (JGBs) declined to an all-time low as the central bank’s prolonged negative interest rate took a toll on return targets. JPMAM polled 123 Japanese defined-benefit pension funds and mutual aid pension funds between March...

July 13, 2018

News, SliderJapan

13JulJuly 13, 2018

US. Wall Street managers have cost Americans more than $600 billion over the past decade

Over the last decade, fund managers who oversee the pensions of the nation’s teachers, firefighters, police and other government workers have doubled down on an investment strategy that has cost U.S. taxpayers at least $600 billion, possibly more than $1 trillion, investment data and calculations by Yahoo Finance found. Seeking higher gains, pension fund managers have upped their investment in so-called alternative strategies that are costly and weigh down returns, data shows. “We find that some of the worst-performing plans are...

July 13, 2018

News, SliderUS

13JulJuly 13, 2018

South Africa. Public servants cash out pension then return to work: report

Public servants are resigning to cash out their pensions only to rejoin the public service, according to a report by the public service commission. The commission on Wednesday released its report on efficiency and effectiveness in the public service for the period between January 1 and March 31 2018. It observed a “lack of control” of resignations by public servants to cash out their pensions. The commission has recommended to the Department of Public Service and Administration and the Government...

July 13, 2018

News, SliderSouth Africa

12JulJuly 12, 2018

México. Pensiones de la generación de transición harán presión fiscal hasta 2080: Consar

El Gobierno federal seguirá enfrentando el reto de financiar un gasto creciente en las pensiones de la generación de transición del Instituto Mexicano del Seguro Social (IMSS) hasta por lo menos el 2080, y una importante presión fiscal derivada del creciente flujo de pensionados y de los beneficios que estos sistemas siguen ofreciendo, advirtió este miércoles la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). En el estudio El reto de financiar las pensiones de la Generación de...

July 12, 2018

Noticias

12JulJuly 12, 2018

The Gender Earnings Gap And Retirement

As of March 2017, women made up 47% of the workforce in the United States, owned close to 10 million businesses, and were the sole or primary breadwinners for 40% of families with children under 18 (U.S. Department of Labor blog 10/2017). In the forty years between 1975 and 2015, the number of women with children under 18 participating in the workforce increased by 23 percentage points (from 47% to 70%). During that same period, the number of women...

July 12, 2018

News, Slider

12JulJuly 12, 2018

US. Millennials Benefiting from Retirement Plan Modernization

Millennials are the first generation to fully benefit from improvements made to retirement plans over the last decade, according to a survey from the Empower Institute. They are on track to replace 75% of their income in retirement, compared to 64% for Americans overall, 61% for Gen Xers and 58% for Baby Boomers. The Pension Protection Act of 2006 was enacted when Millennials began entering the workforce, and it paved the way for automatic enrollment and escalation, all the while...

July 12, 2018

News, Slider

12JulJuly 12, 2018

Kenyan Pensions Managers Plan Fund for Infrastructure Projects

Kenyan pensions managers are working on a plan to pool resources and jointly invest in capital-intensive infrastructure projects, the nation’s biggest retirement-benefits administrator said. “We’re working together to come into a consortium to create a pool where we can jointly evaluate and jointly invest on bigger, bolder and better projects,” said Sandeep Raichura, the chief executive officer at Zamara, formerly known as Alexander Forbes East Africa Ltd. “We need to diversify onto the alternative asset space.” Read More: Bloomberg

July 12, 2018

News, Slider

12JulJuly 12, 2018

Argentina. Denuncian que tramitan pensiones a cambio de dinero

Ciudadanos formoseños en contacto con el Grupo de Medios TVO denunciaron un hecho que viene sucediendo desde hace tiempo y que tiene que ver con personas que realizan trámites para obtener una pensión a cambio de determinada suma de dinero. Cabe señalar que esta práctica no es nueva y de manera constante sale a la luz teniendo en cuenta que quienes realizan los trámites publican los números de teléfono en las redes sociales para que los interesados se puedan comunicar...

July 12, 2018

Noticias

12JulJuly 12, 2018

Contra la despoblación (Europa en la encrucijada)

Por Manuel Fernández Prieto Contra la despoblación. Europa en la encrucijada presenta el problema de la despoblación y el envejecimiento poblacional del interior peninsular. Desde finales de los años sesenta el desplazamiento de la población y el cierre de la escasa industria a consecuencia de la crisis han dejado un panorama desolador en las provincias del interior de España: aldeas vacías, pueblos semiabandonados, comarcas en decadencia… En cambio, Madrid, las costas y el valle del Guadalquivir han visto dispararse su población. ¿Cómo...

July 12, 2018

Envejecimiento Poblacional, Libros, Mercado Laboral2018, Economía Política, Europa, Sostenibilidad del Sistema

July 2018