February 2018

26Feb

Poverty Among Older People and Pensions Policy in the EU (Public Policy and Social Welfare)

By Asghar Zaidi Based on research work financed by the European Commission under their programme of Community Action to Combat Social Exclusion, this book offers a comprehensive picture of the present state of later-life poverty across the 25 member states of the European Union. The authors analyze the poverty risks older people are currently facing in combination with a detailed study on the current European data-sets used to measure these risks. They provide a detailed description of recent pension reforms...

February 26, 2018
Books, Pension design, ,
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26Feb

Financial Economics Principles Applied to Public Pension Plans

By Edward Bartholomew (Independent), Jeremy Gold (Jeremy Gold Pensions), David G. Pitts (Independent) & Larry Pollack (Independent) Working from basic principles of economics, financial economics, and public finance, we develop implications for the financial management of public pension plans. We address the measurement of plan liabilities and cost, funding, investment of plan assets, financial reporting, benefit design and risk sharing. Our analysis seeks to maximize efficiency and preserve intergenerational equity. We conclude that full funding based on default-free discount rates...

February 26, 2018
Articles, Management, Pension design,
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26Feb

Exploring the Risks and Consequences of Elder Fraud Victimization: Evidence from the Health and Retirement Study

By Marguerite DeLiema (Stanford University - Stanford Center on Longevity), Martha Deevy (Stanford University - Stanford Center on Longevity), Annamaria Lusardi (George Washington University - Department of Accountancy; National Bureau of Economic Research (NBER)) & Olivia S. Mitchell (University of Pennsylvania - The Wharton School; National Bureau of Economic Research (NBER)) This is the first study to use longitudinal data to explore both the antecedents and consequences of fraud victimization in the older population. Because older persons are close to...

February 26, 2018
Aging, Articles, Labor Market, Slider-Left,
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26Feb

The Impact of Life-Course Developments on Pensions in the Ndc Systems in Poland, Italy and Sweden and Point System in Germany

By Agnieszka Chłoń-Domińczak (Warsaw School of Economics), Marek Góra (Warsaw School of Economics (SGH); IZA Institute of Labor Economics), Irena Kotowska (Warsaw School of Economics), Iga Magda (Warsaw School of Economics), Anna Ruzik-Sierdzińska (Warsaw School of Economics) & Pawel Strzelecki (National Bank of Poland; Warsaw School of Economics) Old-age pensions in the NDC systems reflect the accumulated lifetime labour income. Interrupted careers and differences in the employment rates, particularly between men and women will have a significant impact on...

February 26, 2018
Aging, Articles, Labor Market, Pension design, ,
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Airlines Are Making Tons of Money. Now Pilots Want Their Pensions Back

Airline pilots, still resentful over pensions yanked away in a wave of industry bankruptcies, see growing company profits as a chance to reclaim some of those lost benefits. Unions at American Airlines Group Inc. and Delta Air Lines Inc. are studying ways to reconstitute or replace retirement plans that were scrapped or frozen during the carriers’ past financial struggles. The efforts suggest that pilots are ready to play hardball over the issue in the next round of labor talks, starting early...

February 23, 2018
Uncategorized
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23Feb

US. State pensions and fund companies feel heat over their investments in gun makers

A fresh wave of scrutiny is washing over big state employee pension funds and money managers that invest in shares of gun makers one week after the deadly shootings in a Florida high school. New Jersey state lawmakers on Thursday moved to restrict the state's public pensions from investing in the stocks of gun manufacturers. The world's biggest asset manager, BlackRock, which is among the biggest shareholders of gun makers, said it would "engage" with the companies on their response...

February 23, 2018
News, Slider
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23Feb

Retirees protest across Spain to call for higher pensions

Retirees are demonstrating across Spain, calling for higher pensions and urging authorities to ensure funding for social security. The biggest protests are in cities including Bilbao, Barcelona and the capital, Madrid, where thousands screamed "Thieves, thieves!" at the gates of the national parliament, blocking traffic and facing off with rows of police. Protesters held signs calling the 0.25 percent increase in pensions this year "miserable," saying it's not enough to keep up with inflation. Read More: ABC News

February 23, 2018
News, Slider
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23Feb

México. Piden a trabajadores confianza en Afores

Los trabajadores pueden tener la certeza de que son seguras las Afores que operan las cuentas individuales, al tratarse de instituciones financieras serias, aseguró el subdelegado de la Condusef en la entidad, Ignacio Villanueva Chávez, por lo cual dijo que no hay ningún riesgo de que al llegar el momento de pedir su retiro y con ello lo que resulte de su ahorro, este se les pagará de manera íntegra. Destacó que sus aportaciones y ahorros para el retiro están...

February 23, 2018
Noticias
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23Feb

El Salvador: Fondo solidario tiene capacidad de pagar pensiones: Asafondos

La Asociación Salvadoreña de Administradoras de Fondos de Pensiones (Asafondos) descartó que la Cuenta de Garantía Solidaria (CGS), creada a partir de la reforma previsional, se convierta en una carga futura de financiamiento para el Estado salvadoreño, tal como lo prevé la Universidad Centroamericana “José Simeón Cañas” (UCA). En un comunicado, Asafondos destacó que, según el informe actuarial realizado para la reforma de pensiones, la CGS ofrece un “mecanismo de financiamiento suficiente” para hacer frente a los pagos de pensiones...

February 23, 2018
Noticias
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23Feb

UK. The solution to university pensions? Better fund managers

Never have university pensions been so firmly in the media spotlight as this week. But why are the changes to the universities superannuation scheme (USS) so controversial? Views diverge wildly: vice-chancellors and their representatives say future pensions are unsustainable, while staff see a strongly performing scheme. With an estimated cost of £200,000 to the average member of staff over their retirement at stake, something had to give. Pensions are complex. To try to understand them, we need to go back...

February 23, 2018
News, Slider
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