June 2018

16Jun

Third Party Administration of Insurance & Pension Revenues in Germany: Product Revenues in Germany

By Editorial DataGroup Europe The Third Party Administration of Insurance & Pension Revenues Germany eBook provides 14 years Historic and Forecast data on the market for each of the 22 Products / Services covered. The Products / Services covered (Third party administration of insurance & pension Lines) are classified by the 5-Digit NAICS Product Codes and each Product and Services is then further defined and analysed by each 6 to 10-Digit NAICS Product Codes. In addition full Financial Data (188...

June 16, 2018
Books, Management, Pension design, ,
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16Jun

Public Pensions: State and Local Government Contributions to Underfunded Plans

By United States General Accounting Office (GAO)  Pursuant to a congressional request, GAO reviewed the status of public pension plan funding, focusing on the basic pension plans of state and local governments. GAO found that: (1) states and localities with underfunded pension plans run the risk of reducing future pension benefits to taxpayers or raising revenues; (2) unfunded liabilities for all state and local pension plans totalled $200 billion in 1992; (3) contributions to pension funds in 1992 fell short of...

June 16, 2018
Books, Management, System Sustainability, , , ,
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16Jun

Wage Determination in the Long Run, Real Wage Resistance and Unemployment: Multivariate Analysis of Cointegrating Relations in 10 OECD Economies

By Timo Tyrväinen (Bank of Finland) Over the past twenty years or so, unemployment has been increasing in most OECD economies.In the same period, there has been a considerable increase in the wedge between the real cost to the employer of hiring a worker and the net real wage received by the worker.The present study examines whether changes in the wedge (including various tax rates) may have generated long-lasting effects on real labour costs.Behaviour which generates this kind of outcome...

June 16, 2018
Aging, Articles, Labor Market,
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16Jun

Population Aging and the Possibility of a Middle-Income Trap in Asia

By Joonkyung Ha (Hanyang University - Ansan Campus) & Sang-Hyop Lee (University of Hawaii - Department of Economics) We present three conditions for a demography-driven middle-income trap and show that many economies in East, South, and Southeast Asia satisfy all of them. The conditions are (1) support ratio—the ratio of workers to consumers—matters for economic growth, (2) economic development accompanies more investment in human capital and lower fertility due to the quantity–quality trade-off, and (3) current low level of fertility...

June 16, 2018
Aging, Articles, , ,
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16Jun

The Effects of Means-Tested, Noncontributory Pensions on Poverty and Well-Being: Evidence from the Chilean Pension Reforms

By Italo Garcia (RAND Corporation) & Andres Otero (Independent) Chile initiated in 1981 a privately managed, individual-account pension system that inspired similar reforms in many Latin American countries, and that has been considered as a possible model for Social Security in the United States. After 30 years in place, the Chilean pension system has been criticized for replicating existing inequalities in labor markets and increasing the risk of old-age poverty; for achieving lower levels of coverage; and for providing low...

June 16, 2018
Articles, Pension design, Regulation, , , , ,
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15Jun

Colombia. Pensión, un sueño de trabajadores que el nuevo presidente debe ajustar

Solo 7,8 millones de trabajadores, de los 22 millones de personas que conforman la fuerza laboral de Colombia, están aportando al sistema pensional del país, lo que se constituye como un tema urgente del próximo gobierno para encaminar el esquema actual y asegurar la mesada de retiro de los ciudadanos. La tarea que debe hacer el próximo presidente de Colombia al respecto tiene varias fórmulas, de acuerdo con analistas consultados por Portafolio.co, sin embargo, coinciden en que el primer paso...

June 15, 2018
Noticias
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15Jun

La ONU alerta sobre el abuso económico a los ancianos

Una experta en derechos humanos de la ONU alertó este jueves sobre el abuso económico a los ancianos, con motivo del día mundial de sensibilización sobre el maltrato a personas mayores, que se celebra este viernes, y recomendó que debe ser denunciado. En un comunicado, la experta independiente Rosa Kornfeld-Matte destacó que la mayoría de abusos contra este colectivo "no se detecta e incluso cuando existen señales que lo advierten claramente", por lo que "debemos ser más vigilantes y denunciar...

June 15, 2018
Noticias
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15Jun

Puerto Rico pensioners are facing devastating effects of bankruptcy

Puerto Rico is facing a dire fiscal and economic crisis. It is one that many have called the largest and most complex bankruptcy in U.S. history. Amid the range of issues facing the island, from disaster recovery efforts to financial woes, lies an often overlooked human tragedy. Despite being a key piece in the island’s economic recovery, thousands of pensioners in Puerto Rico are facing the devastating consequences of an economic calamity. They are American citizens who devoted their...

June 15, 2018
News, Slider
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15Jun

KPMG reveals clear link between Malta pension fund and Swedish suspect

A new light has been shone on the way a Maltese pensions fund sold to Swedish savers was used by dubious financial services practitioners to siphon money into an energy company. A report drawn up by auditors KPMG, appointed by the financial regulator to take control of Falcon Funds, shows that millions in Swedish savers’ money were invested in financial instruments to benefit particular individuals – without any guaranteed return to the savers. Read More: Malta Today

June 15, 2018
News, Slider
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15Jun

US. More than 1 million workers, retirees at risk of losing pensions, businesses tell Congress

The pension crisis that threatens the retirement savings of 1.5 million Americans also poses the risk of driving the U.S. economy into a tailspin, a panel of witnesses told a congressional panel. Witnesses from the U.S. Chamber of Commerce and businesses, including UPS, told the Joint Select Committee on the Solvency of Multi-employer Pension Plans that should the estimated 150 to 200 multi-employer pension plans that are in danger become insolvent, the companies that paid into those plans would be...

June 15, 2018
News, Slider
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