June 2017

Perú. Damnificados por El Niño no podrán retirar 20% de su AFP

La Comisión de Trabajo del Congreso archivó por mayoría el proyecto de ley que buscaba que los damnificados por El Niño puedan retirar por única vez el 20% de su fondo AFP. Además, se archivó la iniciativa por la cual podían retirar el 25% de la AFP para la reconstrucción de sus viviendas aquellas familias que las habían perdido. Se opusieron los congresistas Úrsula Letona (FP) y Juan Sheput (PPK). Fuente: La Republica Recuerda suscribirte a nuestro boletín semanal gratuito para más...

Jamaica. Rebranded VM Pensions Management Plans Operations Overhaul

Prime Asset Management has changed its name to Victoria Mutual Pensions Management Limited to identify more closely with its parent company. The third-largest pension fund manager by assets under management is using the opportunity to refresh its operations and improve performance levels, according to CEO Rezworth Burchenson. "We have a robust pipeline of new investments," said Burchenson ahead of Tuesday's rebranding ceremony. They include upgrading VM Pension's investment management platform with a spend of over $100 million; upgrading the administration system;...

EU. Women at risk of poverty in retirement

Irish women typically retire on incomes that are more than 30 per cent lower than their male counterparts, a new report from Mercer reveals, as it calls on governments, policy-makers and employers to respond to the “urgent challenge” the pensions gap poses. According to the report, half of European Union states, including Ireland, have pension gaps of 30 per cent or more, while the EU average is 40 per cent. The gap means that a retired woman living in the EU...

India. School students paying staff pensions

Should a school student who has gained admission on full scholarship, after a national-level entrance examination, be forced to pay for the pensions and salary of his school staff? This is the question that the authorities who run the Sainik Schools are struggling to address. According to the estimates with the government, total expenditure on a Sainik School student is a minimum of ₹62,000 per year. Even in the case of students on a full scholarship, (excluding those from SC/ST and...

UK. Nicola Sturgeon goes on the offensive at Tory ‘plunder on pensions’

Campaigning in the North East ahead of tonight’s STV debate, she made the point that a vote for Ruth Davidson's party would mean Tory MPs that would “rubber stamp” the cuts of Theresa May. Her appeal was to older voters who she claimed could make a crucial difference in an election that has seen the Tory throw away a 22 point lead and led to parties in Scotland asking for votes in anticipation of being kingmakers in Westminister. The SNP have...

México. Más de 9,000 adultos mayores recuperan sus ahorros

De enero a la fecha, el programa de 65 y más ha devuelto 9,496 millones de pesos a trabajadores que generaron ahorro pensionario durante algún momento de su vida laboral, informó Óscar Vela, titular de la Unidad de Seguros, Pensiones y Seguridad Social de la Secretaría de Hacienda y Crédito Público (SHCP). “De este total, 5,758 millones corresponden a recursos de retiro por cesantía y vejez; mientras que 3,700 millones de pesos son recursos acumulados que los trabajadores registraron en...

US. High Court Expands Religious Exemption for Retirement Plans

The exemption in federal pension law for church retirement plans should apply even to plans not initially established by a church, the U.S. Supreme Court ruled Monday. This morning’s reversal stems from class actions against Advocate Health Care Network by current and former employees. Advocate runs 12 hospitals and 250 other health care facilities in Illinois. Though it is not a church, it has contractual relationships with the Metropolitan Chicago Synod of the Evangelical Lutheran Church in America and the Illinois...

Colombia. AFP compran más acciones de las que venden

Como ha pasado durante todo el año, incluso desde finales del 2016, los inversionistas extranjeros y los fondos de pensiones siguen dándole ánimo al mercado accionario local. Lo único diferente que tuvo mayo fue que los montos de negociación fueron históricos e impulsados por los fondos del exterior que tuvieron que recomponer sus portafolios. Cálculos de la comisionista Alianza Valores, con datos de la Bolsa de Valores de Colombia (BVC), señalan que solo en el quinto mes del año, los foráneos...

México. Compromisos ambientales de Afores mejorarán pensiones: Amafore

El compromiso de las Administradoras de Fondos para el Retiro (Afores) con el medio ambiente generará mayores pensiones para los trabajadores mexicanos, por medio del financiamiento en proyectos rentables que contribuyan a mitigar el cambio climático. El presidente Ejecutivo de la Asociación Mexicana de Afores (Amafore) Carlos Noriega, comentó que este 5 de junio, Día Internacional del Medio Ambiente, las Afores reafirman su compromiso de constituirse en agentes activos del desarrollo sustentable y equitativo en beneficio de los trabajadores de...

US. Pennsylvania State employees and teachers may see new retirement plan

The PA Senate passed a pension reform bill that would shrink traditional retirement plans and offer a 401k style option for most future state and school employees. Now its up to the house to consider plan that's designed to correct deficits in pension funding. Future state troopers and corrections officers are exempt. Current lawmakers and public employees can choose to join a new plan. Retirees are unaffected. Governor wolf supports the plan. Here are more details on the bill from Senator Jake...