admin, Author at Pension Policy International

10AprApril 10, 2017

We are Not All the Same: Key Law, Policy and Practice Strategies for Improving the Lives of Older Women in the Lower Mainland

By Canadian Centre for Elder Law (British Columbia Law Institute) In 2011 the Canadian Centre for Elder law (CCEL) started the Older Women’s Dialogue Project (OWDP) to identify and take action on barriers to the well-being of older women. While gender has a significant impact on life experience, research and policy analysis often renders older women invisible: feminist inquiry tends to focus on girls and women of child-bearing age and gender-neutral aging policy concentrates on the experiences of men. The...

April 10, 2017

Aging, Articles, Labor MarketRegulation

10AprApril 10, 2017

Closing Routes to Retirement: How Do People Respond?

By Johannes Geyer & Clara Welteke (German Institute for Economic Research) We present quasi-experimental evidence on the employment effects of an unprecedented large increase in the early retirement age (ERA). Raising the ERA has the potential to extend contribution periods and to reduce the number of pension beneficiaries at the same time, if employment exits are successfully delayed. However, workers may not be able to work longer or may choose other social support programs as exit routes from employment. We...

April 10, 2017

Aging, Articles, Labor Market, RegulationLabor Market, Occupational Pensions, Sustainability

10AprApril 10, 2017

Time for Retirement ‘Selfies’?

By Robert C. Merton (Massachusetts Institute of Technology) & Arun Muralidhar (George Washington University) To address the looming retirement crisis, many governments are introducing new pension programmes tied to employment for uncovered workers (NEST in the UK and Secure Choice in some US states). These attempt to improve access to pensions, and continue a trend of transferring responsibility for retirement security from governments and employers (via defined benefit [DB] plans) to the individual (via defined contribution [DC] plans), as neither...

April 10, 2017

Articles, Labor Market, Pension design, RegulationAging, Behavior, Investment, Occupational Pensions

10AprApril 10, 2017

México. Afores captan 30% más ahorro voluntario

En el primer bimestre del año, las administradoras de fondos para el retiro (afores) registraron un mayor ahorro voluntario por parte de los trabajadores que destinan recursos para obtener una pensión, de acuerdo con información de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). De enero a febrero, las administradoras registraron 30,897 millones de pesos por concepto de ahorro voluntario, lo que significó un incremento de 30%, respecto de lo registrado en el mismo periodo, pero del...

April 10, 2017

NoticiasMexico

07AprApril 7, 2017

Brazil government sees no risk to austerity in pension reform changes

Proposed changes to the Brazilian government's pension reform proposal do not threaten an ongoing overhaul of government finances, the finance ministry said in a statement on Thursday. Brazil's real weakened and local stocks fell on Thursday over doubts whether President Michel Temer will be able to secure approval for a pension reform designed to rebalance the country's depleted accounts. Full Content: Reuters Remember to subscribe to our free weekly newsletter for more news or subscribe to our service to get unlimited access.

April 7, 2017

NewsBrazil

07AprApril 7, 2017

Democrats ask Trump to veto measure repealing city retirement plan rule

In a last-ditch effort, five US Senate Democrats are urging President Donald Trump to veto a resolution that would repeal a Labor Department rule designed to help cities launch retirement savings plans for low-income private-sector workers by exempting such programs from strict federal pension protection laws. In an April 5 letter that Reuters saw on Thursday, the lawmakers told Trump, a Republican, that killing the rule could harm more than 2 million Americans who would otherwise benefit from city-run retirement...

April 7, 2017

NewsUS

07AprApril 7, 2017

Retirement planning can cut gender wage gap

Equal Pay Day, which was April 4 this year, highlights the gap between women’s and men’s paychecks, calling attention to the fact that women must keep working for more than three additional months in order to earn the same amount of pay that men collected by the end of the previous year. Full Content: Benefits & Pro Remember to subscribe to our free weekly newsletter for more news or subscribe to our service to get unlimited access.

April 7, 2017

News

07AprApril 7, 2017

US Pension Plans Look to the Canadian Model

Given the rising Pension Benefit Guaranty Corporation (PBGC) premiums and persistently low interest rates, many US pension plans have been adapting some of the practices of what Cerulli Associates call The Canadian Model. The Model is centered around three attributes, according to Cerulli: cost mitigation, a well-diversified investment portfolio across several asset classes and geographies, and a large appetite for illiquid investments. While the Canadian pension market is considerably smaller than the US pension market—$1.2 trillion in assets compared to $6...

April 7, 2017

NewsUS

07AprApril 7, 2017

UK Government consults on early exit charges and pension commission regulations

The Department for Work and Pensions (DWP) has launched a consultation on draft regulations regarding the cap on early exit charges for occupational pension schemes and restrictions on member-borne commission payments. The consultation, which will run until 31 May 2017, seeks views on the draft Occupation Pension Schemes (Charges and Governance) (Amendment) Regulations 2017. These regulations would restrict early exit charges for members of workplace pension schemes to enable eligible members over the age of 55 to take advantage of the...

April 7, 2017

NewsUK

07AprApril 7, 2017

Sólo 2.93% de los activos del SAR, mediante mandatos. ¿A qué se debe?

Según cifras de la Comisión Nacional del Sistema de Ahorro para el Retiro, la inversión del Sistema de Ahorro para el Retiro (SAR) en valores extranjeros era de 14.47% de los activos netos al 28 de febrero del 2017, equivalente a 72.33% del límite permitido. El potencial sin uso era de 5.53% de los activos, lo que representa 27.67% del límite. El conjunto de las siefores básicas 4 había hecho uso casi pleno del límite, en tanto que las básicas...

April 7, 2017

NoticiasMexico

April 2017