December 2022

En 2050 se duplicará el número de adultos mayores que requieran pensión en México

Para el 2050, se prevé que la población de adultos mayores cuya economía dependa de programas de pensiones se incremente del 13.2% en 2020 al 28.9% en México. Pero no es un caso aislado, ni el más grave. Otros países como Australia, pasarán de 27.7 a 41.6; Canadá de 29.8 a 44.9; y Chile de 19.7 a 44.6 por cada 100 personas. Esto quiere decir que en menos de dos décadas se pondrá a prueba la capacidad de la fuerza...

¿Puede la economía del Perú soportar otra crisis política?

Una crisis política sacude nuevamente a Perú , provocando la destitución de Pedro Castillo como presidente y la disolución de su Congreso. Sin embargo, más allá de los conflictos, este país sudamericano puede presumir de avances en materia económica dentro de América Latina. Obviamente, la inestabilidad política puede acarrear problemas en el futuro, y ello dependerá de la duración y magnitud de los conflictos y las que deseen implementarse. La economía peruana tiene sustento en la explotación, procesamiento y exportación de...

Colpensiones es la entidad estatal más demandada de Colombia

El Gobierno nacional está preparando una reforma pensional que pretende que todos los colombianos, sin excepción, lleguen a la vejez con una pensión. Para que la promesa de campaña del presidente Gustavo Petro se cumpla, será indispensable el papel de Colpensiones; sin embargo, la Agencia Nacional de Defensa Jurídica del Estado (Andje) detalló que, actualmente, la entidad del Estado es la que más demandas recibe. De acuerdo con la Andje, con corte al 30 de septiembre, en Colombia hay 326.025...

President Joe Biden announces 36-billion federal aid struggling central states

President Joe Biden on Thursday announced that the Pension Benefit Guaranty Corp. has approved $36 billion in federal assistance to shore up a massive union multiemployer pension plan facing steep cuts. Teamsters Central States, Southeast & Southwest Areas Pension Fund, Chicago, will receive the funds under the Special Financial Assistance Program. The program, created by the American Rescue Plan Act that Democrats passed in March 2021, was designed to shore up struggling multiemployer pension plans through 2051. The PBGC estimates...

French government prepares high-stakes pension reform

The French government is consulting unions and potential allies to see if it could get a highly unpopular pension reform adopted by a fragmented parliament without causing mass protests that could paralyse the country. Details of the reform are expected to be unveiled on Dec. 15 but President Emmanuel Macron has made clear the French will have to work longer, with legal retirement age potentially pushed by as much as three years to 65. Opinion polls show the vast majority...

UK. Mystery of missing state pension credits deepens, as DWP and HMRC fob people off with a legion of excuses over incorrect records

Savers with holes in their state pension records are being stonewalled by staff in three separate Government departments, who have all refused to help them. After we revealed a mystery 'glitch' in the state pension system, many readers got in touch to say their valuable National Insurance credits were missing - contradicting the Government which had told us there was no indication of a wider issue. Eamon Campbell, pictured right, turned 66 in February and is two years short of getting...

Kenya. World Bank backs bid to raise NSSF contributions

The World Bank has backed Kenya’s efforts to increase pension contributions by workers to the National Social Security Fund (NSSF) from the current Sh200 per month to six per cent of monthly pay. This is a boost to the Kenya Kwanza administration’s push for enhanced pension savings with employees’ monthly contribution to NSSF expected to rise ten-fold to Sh2,000, with employers expected to match this amount. President William Ruto’s push for increased contribution to the provident fund has already been endorsed...

U.S. corporate pension plans’ funding ratios remained over or near 100% in November

U.S. corporate pension plans' funding ratios remained over or near 100% in November, but four reports said ratios dropped slightly because rising discount rates offset strong investment returns for the period. The estimated funding ratio of the 100 largest U.S. corporate pension funds fell to 111.2% as of Nov. 30, down from 113.3% as of Oct. 31, according to the latest Milliman 100 Pension Funding index. The slight dip was driven by the discount rate decreasing to 5.16% as of Nov....

The Underpensioned Index 2022 Edition

By The Pensions Policy Institute This report, the third in the series, provides an updated version of the Index, alongside recent data illustrating changes, particularly in the labour market and pension saving, that have been experienced by underpensioned groups since the first Index. Recognising that the current economic landscape is challenging, some of these changes may reflect current circumstances rather than long-term trends, and some of the policies that may be suggested as potential remedies to the underpensioned challenge may not be appropriate to enact during the...

Global Public Investor 2022

By OMFIF Most central bank reserves managers are resigned to a period of higher inflation and lower returns, according to a report published today by OMFIF. More than 75% of the central banks surveyed for the 2022 edition of Global Public Investor believe inflation will be sustainably higher or more volatile for a prolonged period. Just 20% of reserves managers think inflation will be transitory. At the same time, central banks believe the new macroeconomic environment will cause their portfolios to suffer....