admin, Author at Pension Policy International

27JunJune 27, 2017

95% of European pension funds ignore climate change impact: Mercer

According to the European Asset Allocation Report, published by fund administration and research experts Mercer, despite a slight improvement since 2016, the vast majority of responding funds are “still not active” on climate issues. With NASA stating that April 2017 was the second hottest since records began in 1880 (with 2016 the hottest), Mercer’s recent report has found that only 5% of 1,241 European pensions schemes have considered the investment risk posed by climate change. As a result the consultancy has...

June 27, 2017

News, SliderEU

27JunJune 27, 2017

China’s Pension Gap Is Growing as Aging Becomes Economic Risk

It's no secret that China is an aging society facing a growing pensions bill. Just how much of that bill is unfunded seems to be one though. It's an increasingly urgent question, as nearly a third of the inhabitants of the world's most populous country will be over 60 years old by 2050, according to United Nations data. By 2015, the pension of each retired resident was borne by the contributions of fewer than three wage-earners, government estimates show. When China...

June 27, 2017

News, SliderChina

27JunJune 27, 2017

Lo sentimos, no te van a regresar el 20% del dinero de tu Afore

El próximo 1 de julio se cumplirán 20 años del inicio de operaciones de las administradoras de fondos para el retiro (afores), compañías que han cobrado a los trabajadores formales del país un total de 430 mil 880 millones de pesos por la gestión de sus ahorros. De acuerdo con cifras de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), esto representa el 34% de los rendimientos que las afores han otorgado a sus clientes y el...

June 27, 2017

Noticias

26JunJune 26, 2017

Thailand. State pension fund sees strong upside in local stocks

The Government Pension Fund will give more weight to the Thai shares in the second half, citing ramped up big-ticket infrastructure investment and the high price of foreign equities. Yingyong Nilasena, chief investment officer at the GPF, said Thai stocks have an upside potential as state spending in infrastructure projects will boost the country's GDP. This expanditure will increase local consumption and private sector expansion. Moreover, Thai stocks are laggards in the region, while stock prices in developed markets have skyrocketed. The...

June 26, 2017

News, SliderThailand

26JunJune 26, 2017

Mexico. Programa de Retiro Voluntario podría impactar económicamente en el IPE

El programa de Retiro Voluntario, que se anunció como parte del proyecto sectorial de la Sefiplan, podría tener un impacto económico en el Instituto de Pensiones, así lo reconoció su director Hilario Barcelata Chávez. El funcionario público detalló que se podrían dar la jubilación anticipada, ante la salida da trabajadores de base, y una vez que dejen de formar parte de la estructura de gobierno, ya no cotizarían en el Instituto. Fue claro en señalar que aún no conoce cuáles son...

June 26, 2017

NoticiasMexico

26JunJune 26, 2017

España. Seguros y fondos, alternativas a los planes de pensiones para la jubilación

l plan de pensiones es el producto estrella a la hora de planificar el ahorro para la jubilación. Su claro atractivo fiscal, que permite rebajar las aportaciones de la base imponible, le da una ventaja inicial frente a otros productos. Pero existe un amplio abanico de alternativas, y de fórmulas complementarias a los planes de pensiones, que dan margen para sacar el máximo partido financiero, y también fiscal, al ahorro destinado a la jubilación. Seguros de vida, planes ahorro...

June 26, 2017

NoticiasEspaña

26JunJune 26, 2017

US. High Police and Fire Pension Rates Send Lawmakers Scrambling

A group of Arizona House lawmakers is launching an effort aimed at cutting the soaring costs to communities of police and fire pensions, with its leader warning that cities could end up declaring bankruptcy if legislators fail to act. The new committee announced by House Speaker J.D. Mesnard comes just over a year after 70 percent of voters approved changes to the state's public safety pension plan designed to return it to solvency in 20 years. The voter approval and separate...

June 26, 2017

News, SliderUS

26JunJune 26, 2017

UK. New solutions needed for defined benefit pension schemes

The Cass Pensions Institute says new solutions are needed in stressed defined benefit pension schemes to prevent intergenerational inequities. The Institute has responded to the Department of Work and Pensions Green Paper, Security and Sustainability in Defined Benefit Pension Schemes. The Greatest Good 2 paper follows up and reconfirms the findings of an 2015 Pensions Institute discussion paper which found that 1,000 occupational defined benefit (DB) pension schemes are stressed as a result of having financially weak sponsors. Professor David Blake, Director,...

June 26, 2017

News, SliderUK

25JunJune 25, 2017

The Causal Effect of Retirement on Health Services Utilization: Evidence from Urban Vietnam

By Thang Dang (University of Economics Ho Chi Minh City) Access to medical services is significantly essential for retaining and improving health status for aging population. Whilst retired individuals tend to have more time for the use of health services, there is only inadequate evidence evaluating the causal effect of retirement on health services utilization. To fulfill this gap in the literature especially from developing countries, this paper estimates the causal effect of retirement on the probability and the frequency...

June 25, 2017

Aging, Articles, Labor Market

25JunJune 25, 2017

Long-Term Effects of Extended Unemployment Benefits for Older Workers

By Tomi Kyyrä & Hanna Pesola (VATT Institute for Economic Research) This paper examines the long-term effects of extended unemployment benefits that older unemployed can collect until retirement in Finland. We consider a reform that increased the age threshold of this scheme from 55 to 57 for people born in 1950 or later. Our regression discontinuity estimates show that postponing eligibility by two years increased employment over the remaining working career by seven months. Despite the corresponding reduction in unemployment,...

June 25, 2017

Articles, Labor Market, Pension design

June 2017