September 2017

Brasil. Petrobras destina 4.115 millones de dólares a cubrir déficit fondo pensiones

La petrolera estatal brasileña Petrobras anunció hoy que gastará 12.800 millones de reales (unos 4.115 millones de dólares) durante los próximos 18 años para cubrir el millonario déficit de Petros, el fondo de pensiones de sus trabajadores. En un comunicado, Petrobras aseguró que en el primer año tiene previsto desembolsar 1.400 millones de reales (unos 450 millones de dólares) y que también pagará 900 millones de reales (unos 290 millones de dólares) por BR Distribuidora, empresa filial que se encuentra...

España. Economía recorta el gasto de gestión de los planes de pensiones al 1,25%

Nueva bomba para el sector de planes de pensiones españoles. El ministro de Economía, Luis de Guindos, anunció este martes en un encuentro en Burgos que el Gobierno lanzará un proyecto de Real Decreto, que someterá a consulta pública, en el que informará de un nuevo límite a las comisiones de gestión que como máximo pueden cobrar los planes de pensiones españoles. En concreto, limitará el gasto por gestión del 1,5% actual al 1,25%, con el objetivo de incentivar...

México. Necesarias, más opciones para retiro

Actualmente, en México, de cada 100 personas que tienen más de 68 años, 72 no son económicamente independientes ya que viven con carencias o dependen de terceros, indicó Pedro Sánchez, actuario y consultor independiente sobre retiro. Por lo anterior y ante cifras que aseguran que los trabajadores necesitan ahorrar 15% de su sueldo, Francisco Paredes, director de Beneficios de Seguros Monterrey New York Life, aseveró que en México se necesitan más opciones para que los trabajadores tengan un retiro digno. “Preparar...

US. IRS Allows Easier Access to Retirement Plan Funds for Hurricane Irma Victims

We previously posted regarding the retirement plan relief provided by the Internal Revenue Service (IRS) for victims of Hurricane Harvey pursuant to Announcement 2017-11. The IRS extended the same relief to victims of Hurricane Irma in Announcement 2017-13. The relief relaxes the rules that normally apply to restrict a plan participant’s access to qualified retirement plan funds. The relief is available to a plan participant who, on Sept. 4, 2017, had a principal residence or work location (or whose...

Zimbabwe. Rhodesian pensioners in SA ‘turn destitute’ as Mugabe govt ‘scraps payouts’

Zimbabwean pensioners who served under the Rhodesian government before relocating to South Africa have reportedly turned destitute after President Robert Mugabe's government "scrapped their payouts without explanation". According to NewsDay, an organisation set up to keep track of the affected pensioners and their welfare, Flame Lily Foundation, said its 300 members aged between 78 and 101 had been "dumped" by the Zimbabwean government. The pensioners were said to have relocated to South Africa at independence in 1980. "We established a project to...

UK. Judge attacks Department for Work and Pensions for failing to tackle benefits cheats

A judge has attacked the Department for Work and Pensions for failing to tackle benefits cheats and said he thinks they should be forced to pay back money sooner. Judge Nicholas Dean QC said long delays made it harder to send fraudsters to prison as prosecutions take several years to reach court. The wait means offenders are able to dispose of money and assets which could be seized by the Government and used to make up for the fraudulent payments,...

South Africa. Sweating pensions in the post-retirement phase

Only 6% of South Africans (about 3.4 million) are over the age of 65. On the other hand, in the United States 15% (46 million) are over the age of 65 and in the UK, 18% of the population (nearly 12 million) are over 65. Our political focus is quite rightly focussed on the needs of the youth. In developed countries relentlessly aging populations have forced governments to change the political agenda away from an exclusive focus on youth to...

Colombia. 51% de los pensionados en Colpensiones recibe un salario mínimo

En Colombia actualmente hay dos regímenes pensionales que buscan garantizar un ingreso digno para la vejez de los trabajadores colombianos. Uno es el de Ahorro Individual Solidario, en el que participan distintas administradoras de fondos de pensiones; el otro es el de Prima Media, administrado inicialmente por el Instituto de Seguros Sociales (ISS), hoy manejado por Colpensiones. [...]618.912 pensionados de Colpensiones, (51% del total), tiene asegurado un ingreso de un salario mínimo como pensión, y 303.185 pensionados (25%) reciben en...

Tata Steel UK’s pensions deal approved by regulator

Steel firm Tata's bid to separate its UK pension scheme from the business has been approved by the pensions regulator. The £15bn British Steel Pension Scheme (BSPS) has been a significant barrier to any potential merger between Tata and German steel producer ThyssenKrupp. The deal affects thousands of current and former workers, with 130,000 members across the UK. All members of the BSPS will now be invited to transfer to a new scheme. It would have lower future annual increases for...

Why the presidency should save PenCom from politics

The Nigerian constitution reposes a lot of powers on the Office of the President. For the most part, the incumbent rightly exercises these powers powerfully and seamlessly. At other times, the office encounters challenges, confrontations, and contestations in exercising these rights. The latter scenario usually attracts divergent views as to the propriety or otherwise of presidential powers, as enshrined in the constitution. The recent tussle between the senate and the presidency with regards to the confirmation of Mr Magu, as...