December 2017

Income Adequacy Among Canadian Seniors: Helping Singles Most

By Philip Bazel (University of Calgary - The School of Public Policy) & Jack Mintz (University of Calgary - The School of Public Policy; CESifo (Center for Economic Studies and Ifo Institute)) Canadians have heard a great deal of discussion in the national media about expanding the Canada Pension Plan (CPP), driven by concerns that many will retire without having made proper arrangements to adequately replace their incomes with pensions and savings. But the proposed remedies have been targeted at...

Generational Transfers within the Occupational Pension System in Switzerland

By Severine Arnold (-Gaille) (University of Lausanne - Faculty of Business and Economics) & Anca Jijiie (Faculty of Business and Economics) Solidarity, a key element of any social security system, can be defined as the total intended redistributions that take place between the existent groups within the system, with the purpose of helping each other. However, unintended redistributions also exist, affecting the fairness of the system and leading to animosities between these groups, in particular between active members and pensioners....

G20 Nations Shifting the Trillions: Impact Investing, Green Infrastructure and Inclusive Growth

By M. Nicolas J. Firzli (World Pensions Council (WPC)) The 2017 Spring Meetings coincided with the surprise calling of snap general elections in the UK and military tensions in the Yellow Sea. Our postwar social contract has to cope with unprecedented shocks: Britain’s thorny withdrawal from the EU, worsening Migrant Crisis, rise in populist demagoguery. But there are also positive signs: the UN’s Sustainable Development Goals (SDGs) and new, more demanding governance norms are making unprecedented advances across the boardrooms of...

Perú. Asociación de AFP plantea que la ONP se convierta en una AFP estatal

Tras conocerse las propuestas para mejorar el sistema privado de pensiones (SPP) por parte de la Comisión de Protección Social (CPS), la Asociación de AFP planteó que si el Estado decide mantener el funcionamiento de la Oficina de Normalización Previsional (ONP), esta se convierta en una AFP estatal. “Si se decide mantener la ONP, definitivamente sería mejor que se convierta en una AFP estatal, porque ya existen cuentas individuales desde el 2008”, afirmó a Gestión la presidenta de la Asociación...

Chile. “No+AFP” tuvo una “positiva reunión” con Guillier, pero descartó apoyar su candidatura

El vocero de la coordinadora "No + AFP", Luis Mesina, calificó como "positiva" su reunión con el candidato presidencial oficialista, Alejandro Guillier, aunque aseguró que el movimiento no llamará a votar por él en la segunda vuelta. Mesina sostuvo, tras la cita, que en ésta el candidato "se comprometió, si es que llega a ser Presidente, a plebiscitar si es necesario las propuestas que tiene el mundo del trabajo, ejercitar la democracia, devolver la soberanía al pueblo y no seguir...

México. Afores cobran comisiones fantasma

Las Afores cobran comisiones fantasma a los trabajadores, que no están en la ley ni son reportadas en los informes trimestrales de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), y que se suman al 1.03 por ciento que todos sabemos descuentan por comisión estas administradoras. De los más de 30 billones que manejan las Afores actualmente, de acuerdo con la legislación, cobran 1.03 por ciento de comisión, que equivale a 30 mil millones de pesos, cifra...

World Bank Supports Mongolia’s Reforms with US$120 Million Financing

The World Bank’s Board of Executive Directors today approved US$120 million in financing to support Mongolia’s efforts to restore debt sustainability, strengthen the social protection system, and enhance the competitiveness of the economy. The Mongolia Economic Management Support Operation First Development Policy Financing (DPF) comes at a critical juncture and aligns with the country’s moves towards strong policy adjustment. A sharp drop in commodity prices and foreign investment, compounded by expansionary policies, created severe economic challenges for Mongolia. The budget...

Philippines lags behind Asian neighbors in pension benefits

In its World Social Protection Report 2017/19, ILO said 40 percent of the Filipino senior citizens still do not have income security despite the additional allocation of the government for its pension programs. “This is in contrast to countries like China, Thailand, Mongolia, Brunei Darussalam and Timor-Leste which have considerably expanded their coverage through the use of universal tax-funded pensions,” ILO said. As a region, Asia is also not faring any better compared to other more developed regional cluster in terms...

Estonia needs to address the poverty risk of its elderly

While Estonia has made a great progress in many fields over the years, there are still also many shortcomings – and the number of socially excluded seniors is one of them. The Estonians who have lived in wealthy Western countries, know the difference – whereas in Germany, for example, it is a common scene to see older people enjoying life and having fun in bars and restaurants, it is a rather rare picture in Estonia. It’s more common to see...

November 2017

Los grupos de izquierda argentinos claman contra las reformas “regresivas” de Macri

En una masiva concentración en Buenos Aires frente al Congreso argentino, sindicatos y partidos de izquierda protestaron contra las "regresivas" reformas que impulsa el Gobierno de Mauricio Macri en materia laboral, tributaria y de pensiones. El Ejecutivo argentino "quiere aplicar un ajuste porque dice que se lo demandan los empresarios del resto del mundo para invertir en el país", afirmó a Efe el diputado de la ciudad de Buenos Aires por el Frente de Izquierda Nicolás Núñez. Como la principal...