June 2018

Why Are People Working Longer In The Netherlands?

By Adriaan Kalwij, Arie Kapteyn, Klaas de Vos Labor force participation at older ages has been rising in the Netherlands since the mid-nineteen-nineties. Reforms of the social security and pension systems have often been put forward as main explanations for this rise. However, participation rates above the normal retirement age of 65 have almost tripled for men and quadrupled for women despite the fact that at those ages reforms are unlikely to have had much impact. This suggests other factors...

Maybe the Gig Economy Isn’t Reshaping Work After All

By Ben Casselman You can see the gig economy everywhere but in the statistics. For years, economists, pundits and policymakers have grappled with the rise of Uber, the growth of temporary work and the fissuring of the relationship between companies and their workers. Optimists cheered the flexibility offered by the freelance life. Pessimists fretted about the disappearance of traditional jobs, with the benefits and legal protections they provided. That debate has played out largely in the absence of solid data. But on...

Perú. Gobiernos regionales y municipios no depositaron pensiones AFP a 300 mil de trabajadores

Sin fondos. Miles de empleados estatales no cuentan con dinero en sus cuentas de pensiones AFP pues, a pesar que se les realizó el descuento mensual de ley, en municipalidades y gobiernos regionales los montos fueron destinados a otros propósitos. Al respecto, Giovana Prialé, presidente de AFP’s acusó a los empleadores estatales de un mal manejo de los recursos destinados su personal. “Ellos no han depositado el dinero de sus trabajadores en sus cuentas personales de capitalización. El empleado se queda...

¿Por qué debe preocupar en México el ahorro para el retiro laboral?

Actualmente en el país hay 4 millones de personas de 65 años y más en condiciones de pobreza, detalla un artículo de la AMIS; se estima que en el año 2050 serán más de 10 millones de personas en la misma situación, de las cuales 55% padecerán enfermedades crónico-degenerativas y  57% tendrán una vivienda propia como único patrimonio. Es decir, remarca la institución, estamos frente a un panorama en el que el envejecimiento acelerado de la población y las características...

Millennials and retirement: How bad is it?

Concern about the financial health of America’s younger generations is growing—especially millennials, a demographic boom that came of age in an environment of unstable work and record levels of student debt. Experts worry that millennials are falling so far behind previous generations that their retirement may be at risk. My research suggests that those concerns are real, and millennials really are building wealth more slowly than the other working generations. But they are not insurmountable—as long as millennials are willing...

UK sees use of blockchain as nonviable for welfare and benefits system

The UK parliament faces an increasing number of questions concerning cryptocurrencies and the technology behind them. The stance of the UK officials, however, remains cautious. On Thursday, June 7, 2018, Kit Malthouse, Conservative MP of the House of Commons, had to respond to a question asked earlier by Martin Docherty-Hughes ( of West Dunbartonshire) about the potential applications of blockchain. He asked the Secretary of State for Work and Pensions, what recommendations were made to her Department as a result...

Shanghai issues first tax-deferred pension policy

A Chinese insurance company on Thursday issued the country's first tax-deferred pension insurance policy in Shanghai, marking the beginning of the long-awaited tax-deferred pension plan. China Pacific Life Insurance Co., Ltd. issued the insurance policy to Cai Jun, captain of the maiden flight for C919, China's first home-made large passenger plane. In May, a pilot tax-deferred pension insurance project has been launched in Shanghai, Fujian Province and Suzhou Industrial Park in Jiangsu Province, respectively. Read More: XinhuaNet

Colombia. Subir semanas y edad de pensión sería dar auxilio funerario: Contralor

Si la tendencia en Colombia sigue como va de incremento del número de semanas cotizadas y la edad para la pensión, en 20 o 30 años los colombianos recibirán un auxilio funerario como jubilación, advirtió el contralor General de la República, Edgardo José Malla. "Lo digo porque el Estado tiene el deber esencial de proteger a las personas que llegan a la tercera edad, pero también la sociedad, la familia y la concurrencia de la protección que debe hacerse con...

South Africa. Report: Glencore, PIC to make joint bid for Chevron’s South Africa assets

Glencore (OTCPK:GLCNF, OTCPK:GLNCY) and South Africa's Public Investment Corporation reportedly could emerge as 50-50 partners in a potential $1B deal to buy Chevron’s (NYSE:CVX) southern African assets. The CVX assets to be acquired include a 100K bbl/day refinery in Cape Town and more than 800 gas stations in South Africa and neighboring Botswana. PIC handles South African state worker pensions and is the continent’s largest money manager. Read More: Seeking Alpha

US. Planning For The High Cost Of Healthcare In Retirement

Planning for retirement can at times be like chasing a moving target; major life events, stock market movements and changes in legislation all have the potential to derail even the most detailed plan. Adding to these uncertainties, rising healthcare costs are an ever-growing source of concern for many current and future retirees. According to the 2017 Retirement Health Care Costs Data Report released by HealthView Services, retiree healthcare expenses are expected to rise at an average annual rate of...