February 2018

Argentina. Quedó definido cuánto aumentarán las jubilaciones y pensiones con el nuevo cálculo: 5,66% en junio

Ese porcentaje surge por la evolución de los salarios y de la inflación de octubre, noviembre y diciembre de 2017, que se toman en cuenta para calcular los haberes. Las jubilaciones, pensiones y otras prestaciones de la seguridad social aumentarán 5,66% en junio próximo, levemente por debajo del incremento que se aplicará el mes que viene, a partir de la vigencia de la nueva fórmula de movilidad. Ese porcentaje surge por la evolución de los salarios y de la inflación de octubre, noviembre y...

Occupational pension schemes in Mexico

What are the most common types of pension scheme provided by employers for their employees in your jurisdiction? By means of withholding, employers must pay: social security fees to the Mexican Social Security Institute; housing fees to the National Workers' Housing Fund Institute; and retirement fees to the Retirement Savings System. Read More: Lexology

Retire at 55? In Brazil, It’s the Norm. But Can the Good Times Last?

In much of the world, workers would find it hard to imagine being able to retire at 55, earning 70 percent of their final salary for the rest of their lives. But in Brazil, that has been the norm for decades, which helps explain the abundance of silver-haired joggers along Copacabana Beach in Rio de Janeiro at 11 a.m. on a recent weekday. It also accounts for about a third of all government spending in Brazil, and contributed to a record...

Taiwan military veterans clash with police in pension protest

Protesters including senior military veterans pushed down a gate to Taiwan's parliament building Tuesday and clashed with police as they tried to storm in over pension cutbacks. One former colonel was in a critical condition in hospital after attempting to climb a wall and falling. The protests were sparked by government plans to reform the military pension system, part of a wider pension cutbacks programme which triggered mass protests last year. Legislators passed a pension reform bill last June, cutting...

China’s pension funds stable, sufficient for 17.3 months

China's social security fund is stable overall despite deficits in certain places, said You Jun, vice minister of Human Resources and Social Security at a press conference on Monday. The total social security fund -- which consists of five major social security insurance programs, including medical and unemployment -- stood at nearly 7.6 trillion yuan at the end of last year, compared with 6.6 trillion yuan in 2016 and 5.9 trillion yuan in 2015. Pension funds drew 3.27 trillion yuan in...

México. Afores no están en riesgo

Las Administradoras de Ahorro para el Retiro (Afores) no corren riesgos, los recursos están blindados y hay áreas de oportunidad para mejorarlas, afirmó Juan Manuel Valle Pereña, Director General de Afore XXI Banorte. "Riesgos, no. Sí áreas de oportunidad. Yo creo que las Administradoras de Ahorro para el Retiro han hecho un gran trabajo derivado de la reforma de 1997. Los recursos están ahí, están seguros. "El rendimiento año con año ha sido positivo, ha habido momentos de volatilidad en los...

Chile.Ministro de Hacienda critica AFP: “dan una rentabilidad mediocre y además le sacan una parte de su sueldo”

A un poco más de dos semanas del cambio de mando, el ministro de Hacienda Nicolás Eyzaguirre, se refirió a la reforma al sistema previsional y reflexionó sobre cómo le hubiese gustado avanzar en el tema como gobierno. En ese contexto y en entrevista con La Tercera, Eyzaguirre reconoció que con las reformas que tenía en agenda el gobierno creían que “estábamos haciéndonos cargo de los principales focos potenciales de conflictividad, pero resulta que surgió de la noche a la...

India. Retirement plan: How real estate investment can help millennials secure their future

Game changers, disruptors, early adopters and digital pioneers – these are some of the epithets that Indian millennials sport with pride, and why not! They have been championing the cause of a more technology-driven India, setting the ground rules for the ongoing digital transformation. Market trends lie at their mercy, and they have both the power and the desire to greatly influence consumption patterns. Armed with evolved sensibilities and a global outlook, they are vastly different from the generations...

Nigeria. Uduanu: It is Time to Relax Pension Fund Investment Guidelines

The Managing Director and Chief Executive Director, Sigma Pensions, Mr. Dave Uduanu in this interview, spoke extensively on the progressive reforms in the pensions industry and how pension funds can impact the lives of Nigerian citizens. Nume Ekeghe presents the excerpts: Being that we are still in the first quarter of the year, what is your outlook for the pensions industry for 2018? We expect growth to continue in the pension industry. The industry is now growing at about 20 per...

Old-Age Provision and Homeownership – Fiscal Incentives and Other Public Policy Options

By Martina Eckardt (Editor),‎ Jörg Dötsch (Editor), & Stefan Okruch (Editor) In light of demographic change and the growing problems of traditional old-age security systems, this book discusses two essential instruments in connection with privately providing for old-age security: (1) savings in private pension schemes and (2) building up equity for home-ownership. Further, it assesses the relationship between the two instruments and offers a unique overview of the latest market developments. In order to represent the profound differences between the individual...