May 2018

República Dominicana. AFP Popular ofrecerá respaldo financiero para proyecto turístico en Miches

La Administradora de Fondos de Pensiones Popular otorgará apoyo financiero para la construcción del proyecto hotelero Club Med Miches, en el municipio de Miches, el cual tendrá gran impacto en el desarrollo de la actividad Turística de la región Este del país, diversificando la oferta. El presidente para América Latina del Grupo Med, destacó el impacto de este respaldo para materializar las operaciones. La AFP Popular como filial del grupo Popular es pionera en el mercado y líder en administración de...

Colombia. Alternativas para quienes no alcanzan a pensionarse

Estudios realizados en el país indican que solo un 26% de los adultos mayores de 65 años disfruta alcanza a jubilarse. , lo que indica que el resto de esa población está en condición vulnerable. Por cada cuatro personas que cotizan pensión en el Régimen de Ahorro Individual con solidaridad (Rais) en Colombia, solo una alcanzaría a pensionarse por vejez, mientras que en el Régimen de Prima Media (RPM), solo lo haría una de cada diez. En Colombia, el Sistema General de Pensiones...

México. Fondo colectivo, para complementar el ahorro en afores

Ante las bajas pensiones que recibirán los trabajadores mexicanos, sería conveniente pensar en la creación de un fondo colectivo de ahorro pensionario que se pueda complementar con el ahorro que se tiene en la cuenta de afore, expuso Ana María Montes, directora de consultoría actuarial de Lockton. “En Chile lo llaman el fondo solidario o colectivo, ahí se asignan recursos para que a partir de ese financiamiento colectivo se pueda dar una base mínima de pensión y de esa base...

Many of Portugal’s pensioners will see pensions rise next year

Many of Portugal’s pensioners will see their pensions rise next year as up to eighty percent are due an increase. Of the 3.6 million pensions that were revised in 2018, about 2.9 million were increased above inflation. And the current rate of growth of the economy means a new rise could be due next year. Read More: The Portugal News

Malta. The poverty of pensions – Michael Briguglio

In my article entitled ‘The pensions myopia’ (April 30) I argued that the government may be over-optimistic in its projections regarding the sustainability of state pensions in the coming years. I also proposed a national consensus on the matter in the interest of future pensioners. In this article I would like to discuss the current pensions system and the way it is affecting today’s pensioners. It is no secret that many pensioners are facing hard times in trying to make...

France. Reshaping pensions: President Macron’s ambitious plans

France has a complex, inequitable pensions system; and a powerful, well dug-in set of unions. The president’s stated goals have put him on a collision course with both: David Whitehouse considers his policy of equal benefits for equal contributions ‘Demography is destiny’ is a powerful idea – and one with substantive repercussions for developed countries facing ageing populations, increased life expectancy and rising incidents of long-term medical conditions, while saddled with pension systems conceived in a different era. It seems the...

Brazil’s Biggest Pension Fund Turns Into a $50 Billion Activist

When BRF SA, the Brazilian food giant that produces everything from chicken to chocolate pies, reported a record annual loss for 2017, it took less than 48 hours for its second-largest shareholder to act. Previ, Brazil’s biggest pension fund, sent a letter in February demanding BRF Chairman Abilio Diniz convene a shareholder meeting to remove the entire board, including himself. After a two-month fight, Previ got its way: Investors voted in five new directors and replaced Diniz with Pedro Parente,...

The Aging Population and the Competitiveness of Cities: Benefits to the Urban Economy

By Peter Karl Kresl,‎ Daniele Ietri While much of the current literature on the economic consequences of an aging population focuses on the negative aspects, this enlightening book argues that seniors can bring significant benefits – such as vitality and competitiveness – to an urban economy.The authors illustrate the ways an aging population can have a positive impact on urban centers, including the move by large numbers of seniors from the suburbs to the city, where their disproportionate consumption of...

Population Aging: The Transformation of Societies

By Donald T. Rowland Population Aging: The Transformation of Societies presents an overview and international comparison of the causes, consequences and policy implications of one of the major processes of change in contemporary societies. It provides a foundation for understanding and reflecting on key demographic and social trends, together with related theoretical and policy frameworks that are important in explaining changes and designing informed responses. With particular reference to countries that have the oldest or largest aged populations, the book...

Golden Handcuffs and Corporate Innovation: Evidence from Defined Benefit Pension Plans

By Huu Nhan Duong (Monash University - Department of Banking and Finance; Financial Research Network (FIRN)), Bin Qiu (Missouri Western State University, Craig School of Business) & S. Ghon Rhee (University of Hawaii - Shidler College of Business; University of Hawaii - Department of Financial Economics and Institutions) This study takes advantage of sharply nonlinear funding rules for tax-qualified defined benefit (DB) plans to identify the effects of employees’ deferred compensation on corporate innovation. We find that firms with higher...