admin, Author at Pension Policy International

15MayMay 15, 2018

US. A simple change to your 401(k) statement could encourage you to save more for retirement

Very little is happening on Capitol Hill with regard to retirement. Hence, I’m always delighted to find a piece of legislation — big or small — that moves the system in the right direction. The Retirement Enhancement and Savings Act of 2018, a bundle of small changes aimed at increasing voluntary retirement savings, is one such bill. Another is the Lifetime Income Disclosure Act (H. R. 2055), which would amend the Employee Retirement Income Security Act of 1974 (ERISA) to...

May 15, 2018

News

15MayMay 15, 2018

UK. Pension rules risk sending more schemes into PPF

New legislation expected to come into force from the government's defined benefit (DB) white paper has the potential to increase company insolvencies and send their schemes into the pensions lifeboat, a lawyer has warned. The Department for Work & Pensions (DWP) published in March its 76-page defined benefit white paper, which besides creating new legislation to introduce a criminal offence to punish those found to have committed wilful or grossly reckless behaviour in relation to a pension scheme, also gives...

May 15, 2018

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15MayMay 15, 2018

Hawaii state pension fund commits to impact investing

Hawaii’s state pension fund joined the United Nations-supported Principles for Responsible Investment, an international network of institutional investors committed to incorporating environmental, social and governance factors in their investment decision making. PRI, which was created in 2006, currently has over 1,900 signatories with around $73 trillion in assets under management. “By adhering to the Principles for Responsible Investment, the ERS is helping to transition to a more sustainable future while keeping the promises made to our state workers in the past,”...

May 15, 2018

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15MayMay 15, 2018

China raises minimum standard of basic pensions

China has raised the minimum standard of basic pensions for rural residents and unemployed urbanites, according to the Ministry of Human Resources and Social Security. The standard was increased to 88 yuan (about 14 U.S. dollars) per person per month from the previous level of 70 yuan, effective on Jan. 1, 2018, the ministry said in a statement. The adjustment was made in line with income growth, inflation and changes of basic pensions for urban employees, the statement said, quoting a...

May 15, 2018

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14MayMay 14, 2018

México. Reprobados los jóvenes en finanzas personales

Al referirse a los errores financieros que los jóvenes cometen al inicio de su vida laboral, el subdelegado de la Condusef, Ignacio Villanueva Chávez, informó que el 56 % de los jóvenes llegan a fin de mes sin nada de sueldo y el 9 % llega con deudas. "El 54 % de la población entre 15 a 29 años no lleva ningún tipo de registro de sus finanzas". Señaló que el 51 % de los jóvenes cuentan con ahorros, pero...

May 14, 2018

Noticias

14MayMay 14, 2018

Perú. Prima AFP presenta App móvil para que afiliados proyecten cuánto recibirán de pensión

Cada semana se inscriben al Sistema Privado de Pensiones ( SPP) más de 7,000 trabajadores, en su mayoría jóvenes que recién ingresan al mercado laboral formal. Según estimados de Prima AFP , que tiene la licitación de nuevos afiliados hasta mayo del 2019, del total de afiliaciones nuevas que se registran por primera vez en el mercado laboral, el 70% prefiere el SPP ante que la ONP. "Estamos afiliando más que la licitación anterior porque acompañamos a los jóvenes en todo...

May 14, 2018

Noticias

14MayMay 14, 2018

Para 2050, vivirán en la pobreza 10 millones de adultos mayores en México

Para 2050, el número de personas mayores de 65 años que viven en pobreza en México casi se triplicará, respecto de las cifras actuales, en caso de que continúen los bajos niveles de ahorro para el retiro, la elevada informalidad laboral y los crecientes problemas de salud, de acuerdo con un estudio de la Asociación Mexicana de Instituciones de Seguros (AMIS). El documento, elaborado en conjunto con la Asociación Mexicana de Administradoras de Fondos para el Retiro (Amafore), señala que...

May 14, 2018

Noticias

14MayMay 14, 2018

ONU pide a Nicaragua acceso para investigar muertes en protestas

La tensión se mantiene en Nicaragua a tres semanas del inicio de las protestas, cuyo origen fue una reforma al sistema de pensiones impuesto por el gobierno. El Alto Comisionado para los Derechos Humanos de la Organización de las Naciones Unidas (ONU), pidió este viernes a las autoridades de Nicaragua que deje ingresar a sus representantes al país para reunir evidencia sobre la muerte de decenas de estudiantes en protestas contra el gobierno del presidente Daniel Ortega. “Nos preocupa que la...

May 14, 2018

Noticias

14MayMay 14, 2018

Minister Admits Cuts Will Also Hit Greek Pensions Under €1,000

As elderly Greeks face losing up to €350 ($416) per month when new pension cuts are implemented as of Jan. 1, 2019 a government minister has confirmed that pensions under €1,000 will also be included. Deputy Minister for Social Security Tasos Petropoulos told Greek television on Sunday that the exact amounts would be known in October. He also estimated that 25-30 percent of pensioners would be hit by the new cuts. The cutback ceiling may be set at 18 percent, but...

May 14, 2018

News

14MayMay 14, 2018

Kenya. Civil servants’ Oct pay cut 7.5pc for pension

Civil servants will from October be deducted 7.5 per cent of their salaries for their pension contribution, lowering benefits of the pay increase that took effect last July. Treasury secretary Henry Rotich has informed Parliament that the delayed civil service pension scheme will start in October as Kenya struggles to meet rising public servants retirement costs. Public servants do not contribute to their retirement upkeep, a move that will increase taxpayers’ pension burden to Sh86.2 billion in the year starting July...

May 14, 2018

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May 2018