April 2018

03Apr

Gobernador de Puerto Rico rechaza plan de austeridad

El gobernador de Puerto Rico, desafiando la junta federal que supervisa las finanzas de la isla, anunció que presentará un presupuesto que no contiene despidos, reducciones de pensiones ni una reforma laboral. Ricardo Rosselló hizo el anuncio ayer, desafiando las exigencias de la junta de que el territorio estadounidense implemente una reforma laboral y una reducción de 10% en el sistema de pensiones agobiado por pasivos que ascienden a 50 mil millones de dólares. Un portavoz de la junta de supervisión...

April 3, 2018
Noticias
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03Apr

Canada. OSFI publishes guidance on default investment options in DC pension plans

The Office of the Superintendent of Financial Institutions has published guidance on its interpretation and expectations for the default investment option selected by the administrator of a defined contribution pension plan. The guidance sets out how a plan administrator should select a suitable default investment option, as well as how it should document, communicate and review the information. Read More: Benefits Canada

April 3, 2018
News
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03Apr

US. Deadline nearing for retirement plan decision

Small business owners who are considering starting retirement plans for their employees have a chance to save on their 2017 taxes. If they want to set up the least complex plan, the SEP, or Simplified Employee Pension, they can still do so by the due date for their returns — and that could be as late as Oct. 15 if they get an extension of the upcoming April 17 filing deadline. SEPs require very little paperwork and reporting to the...

April 3, 2018
News, Slider
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03Apr

Aging Populations Will Challenge Healthcare Systems All Over The World

Demographic change is a defining issue of our time. As the worldwide population ages, the healthcare systems of every country, including the United States, will face significant challenges to meet the needs of an aging population. This article is the first in a series that will explore how nations are coping with demographic change. The series on aging will give you a close look at the future of long term care through the lens of a number of different healthcare...

April 3, 2018
News, Slider
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03Apr

Puerto Rico gov defies board, rejects reform, pension cuts

The powers of a federal control board overseeing Puerto Rico’s finances could soon be tested as the U.S. territory’s governor on Monday defied its calls to implement more austerity measures amid an 11-year recession. Gov. Ricardo Rossello rejected demands that his administration submit a revised fiscal plan to include a labor reform and a 10 percent cut to a pension system facing nearly $50 billion in liabilities. He said the plan he will submit Thursday also will not contain any...

April 3, 2018
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02Apr

España. Los sindicatos y el PSOE alimentan fondos de pensiones privados que critican

La polémica está servida. Algunos de los principales acusadores del Gobierno por pretender, a su juicio, fomentar los planes de pensiones privados en detrimento del sistema público, gozan de uno de ellos a título personal. E incluso, lo tienen institucionalizado como un servicio más para todos sus afiliados. En el último caso, figuran dos de las entidades más beligerantes contra el Ejecutivo, los sindicatos CC.OO y UGT, presentes en todas las manifestaciones de pensionistas que, bajo esa denuncia, señalan al...

April 2, 2018
Noticias
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02Apr

Puerto Rico. Rosselló advierte no dará paso a reducción de pensiones

El gobernador de Puerto Rico, Ricardo Rosselló Nevares, adelantó hoy que entregará un nuevo Plan Fiscal revisado a la Junta de Supervisión Fiscal el próximo jueves que excluirá el despido de empleado públicos, una reforma laboral y un recorte a las pensiones. En una carta dirigida a la Junta de Supervisión Fiscal, Rosselló Nevares enfatizó que, aunque la Ley federal PROMESA faculta a este organismo a certificar o no el Plan Fiscal, el mismo estatuto establece que la Junta no...

April 2, 2018
Noticias
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02Apr

US. Top 10 Industries With The Best 401k Plans

Little surprise, bean counters have the best 401k plans. Judy Diamond Associates is out with its third annual 401(k) Plan Benchmark Report, which lists the top industries leading the pack. The division of ALM Intelligence examined approximately 500,000 active 401k plans with at least $3,000 in plan assets. It found the following: Certified public accountants Financial advisory Legal Dental Insurance providers/brokers Physicians Engineering Financial and insurance services (all others) Consultants Mining and utilities Read More: 401K Specialist

April 2, 2018
News, Slider
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02Apr

Greece. The unfairness of the revised pensions setup

The issue of the first 16,000 pensions based on the provisions of the 2016 law introduced by then social security minister Giorgos Katrougalos confirms that all pensioners can expect an average reduction of between 16 and 25 percent, reaching up to 50 percent in some cases. At the same time, the figures reveal that this is an unfair system in actuarial terms, as the biggest cuts have been imposed on the people who as workers had paid the highest social...

April 2, 2018
News, Slider
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Pensions: More Information, Less Ideology : Assessing the Long-Term Sustainability Ofeuropean Pension Systems : Data Requirements, Analysis and Evaluations

By Tito Boeri,‎ Axel Borsch-Supan,‎ Agar Brugiavini,‎ Richard Disney,‎ Arie Kapteyn &‎ Franco Peracchi Europeans are living longer, and fewer now remain in the labour force as they grow older. Many European countries have responded to the ensuing financial pressure by reforming their public pension systems and health care programmes. There is considerable uncertainty as to the effects of these reforms - as they typically do not alter the unfunded nature of public welfare arrangements and this uncertainty is itself...

April 2, 2018
Books, Pension design, System Sustainability,
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