admin, Author at Pension Policy International

13AprApril 13, 2017

Romanian SocDem leader lashes at Dutch pension fund manager and financial regulator head for spreading “fake” information

Liviu Dragnea, the head of the Social Democratic Party (PSD), accused the local subsidiary of Dutch insurance group NN of spreading false rumors about the possible nationalization of the local private pension funds and inciting its clients to protests and called for a harsh reaction from the authorities against the company. He also accused the president of the Financial Supervisory Authority (ASF) Misu Negritoiu, a former ING Romania CEO, of having started the whole scandal on the nationalization of private...

April 13, 2017

NewsRomania

12AprApril 12, 2017

Automatizarán otorgamiento de pensiones a empleados gubernamentales en México

Los titulares del Servicio de Administración Tributaria (SAT) y del Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (ISSSTE), Osvaldo Santín Quiroz y José Reyes Baeza Terrazas, respectivamente, suscribieron un convenio de colaboración con el propósito de automatizar los procesos de movimientos de alta en el otorgamiento de las pensiones. El convenio también permitirá automatizar el trámite necesario para los incrementos salariales y datos de los pensionados, acciones que permitirán eficientar y transparentar el gasto asignado a...

April 12, 2017

NoticiasMexico

12AprApril 12, 2017

Colombia. “Las pensiones no pueden ser plata de bolsillo”: Presidente de Asofondos

En los últimos años algunos países de la región han dejado que la gente decida qué quiere hacer con el dinero de su jubilación. Para el presidente de Asofondos, Santiago Montenegro, eso no es buena idea porque la plata de la pensión no puede volverse de bolsillo. Actualmente las Administradoras de Fondos de Pensiones (AFP) manejan $195,8 billones de los ahorros de los colombianos. El líder gremial fue enfático en afirmar que el país no debe dar más largas a la...

April 12, 2017

NoticiasColombia

12AprApril 12, 2017

Pension cuts in 2019 to affect some 850,000 beneficiaries in Greece

Pension rates in crisis-battered Greece are set for another round of reductions in 2019, a downward trend that commenced with the advent of the economic crisis in 2010 and the subsequent implementation of bailout-mandated reforms. The latest draft agreement between Athens and institutional creditors is forecast to lead to a weighted average decrease of up to 22 percent for currently allocated monthly pensions. As previously and repeatedly reported, the reduction in social security spending will equal one percent of GDP...

April 12, 2017

NewsGreece

12AprApril 12, 2017

Japan stems rate of population decline, but growing pension burden looms

Japan’s population will fall nearly a third by 2065, with almost 40 per cent aged 65 or older and the working population labouring under a tougher pension burden, although the pace of population decline has slowed slightly, a government agency said yesterday. Solutions to Japan’s population slide have eluded policymakers for decades, putting finances under growing pressure as demand for pensions surges. In 2015, the government established a new Cabinet minister with the task of keeping the population from slipping below...

April 12, 2017

NewsJapan

12AprApril 12, 2017

The older expats facing poverty – thanks to Brexit and frozen pensions

Anne Puckridge isn’t scared for her future yet. But thanks to the post-Brexit fall in the value of the pound, that time may soon come. When the 93-year-old second world war veteran and lecturer moved to Canada in 2001, she expected to live in modest comfort on her UK pension. What she hadn’t realised, however, was that pension would be frozen at the amount it was worth at the time she moved to North America at the age of 76. “The...

April 12, 2017

NewsUK

11AprApril 11, 2017

US. Pension Fund Reforms in the Wake of the Great Recession

Pension plans are still recovering from the enormous losses suffered in the wake of the Great Recession. According to the Federal Reserve, state and local pension fund asset values fell from $3.2 trillion at the end of 2007 to $2.1 trillion in March 2009, increasing pension costs at a time when state and local governments faced severe losses in revenue. More recently, the California Public Employees Retirement System (Calpers), the country's largest public pension fund, announced in December 2016,...

April 11, 2017

NewsUS

11AprApril 11, 2017

In Africa, the opportunism of private-equity investors aligns nicely with improving social welfare

Arguably, the turning point in the 2012 US presidential elections between incumbent president Barack Obama and Mitt Romney was the leaking of a recording of the former Utah governor’s infamous “47%” comment. The comment was a reference to a certain segment of US society being freeloaders while everyone else paid their way. It was leapt on by the Obama campaign to build on Romney’s characterization as the evil private-equity man who became a billionaire by stripping businesses of assets and...

April 11, 2017

NewsAfrica

11AprApril 11, 2017

Perú. Plantean que afectados por El Niño retiren hasta 20% de sus AFP

Congresistas del Frente Amplio (FA) presentaron un proyecto de ley que contempla que los afectados por el Fenómeno de El Niño costero puedan retirar hasta el 20% del fondo de sus AFP para atender necesidades familiares y/o personales que se hayan generado por los desastres naturales. Los afiliados que soliciten el retiro de su fondo acumulado, según indica la norma, tendrían que acreditar su condición de damnificados para acceder al retiro. Estos serían los requisitos: ► Ser empadronados por el Instituto...

April 11, 2017

NoticiasPerú

11AprApril 11, 2017

México. ¿Colusión en las Afore?

Dos veces intenté en 2016 registrar aportaciones voluntarias en mi cuenta de Afore. Las dos fracasé. La señorita de Profuturo GNP Afore me solicitó llenar formatos, registrar cuentas, esperar. Obedecí. Pero nada. De hecho, hasta para obtener una cita había que esperar semanas, de otra forma es imposible apersonarse en la sucursal para algún pequeño trámite. Ya ahí, se observa gente mayor sufriendo, incluso llegando en silla de ruedas, y escuchar la imponente voz de gendarmería: “¡¿Tiene cita?!”. Las Afore...

April 11, 2017

NoticiasMexico

April 2017