admin, Author at Pension Policy International

04AprApril 4, 2017

Chile. “No + AFP” responde a ministro Valdés: Gobierno no sabe qué hacer con pensiones

El vocero del movimiento "No + AFP", Luis Mesina, afirmó en El Diario de Cooperativa que el Gobierno no tiene claridad de qué hacer con las pensiones, luego que el ministro de Hacienda, Rodrigo Valdés, pusiera en duda el proyecto de reforma del sistema previsional. El secretario de Estado dijo en Cooperativa que "no tiene sentido" la iniciativa si no existe un acuerdo en la Nueva Mayoría, ante lo que Mesina dijo que "no me sorprenden en absoluto las declaraciones...

April 4, 2017

NoticiasChile

04AprApril 4, 2017

España. El gasto en pensiones se dispara en 4.200 millones y supone ya el 40% del Presupuesto

El agujero de la Seguridad Social sigue engordando. Y tiene su reflejo en los Presupuestos Generales del Estado. Más del 55% del dinero que saldrá de las arcas públicas este año irá destinado al gasto social. La mayor parte lo absorben las pensiones: 139.647 millones. Una partida que supone un aumento de casi 4.200 millones de euros en comparación con 2016 (un 3,1% más). Y que representa más del 40,7% del total del gasto del presupuesto consolidado. La cifra es...

April 4, 2017

NoticiasEspaña, Spain

04AprApril 4, 2017

US. Debt Market Lures Billions as Verizon, GM Pursue Pension Trade

Employers saddled with swelling pension obligations and higher government fees on those liabilities are finding some relief in the corporate debt market. Delta Air Lines, Verizon Communications Inc., and FedEx Corp. have issued more than $14 billion in bonds this year in which some proceeds were flagged for bolstering their retirement programs, according to data compiled by Bloomberg. Last year, General Motors Co. did the same, and International Paper Co. had a debt sale as part of a plan to...

April 4, 2017

NewsUS

04AprApril 4, 2017

The reason underfunded pensions are a disaster waiting to happen

While most corporate employers shifted from pension plans to 401(k)s after the latter’s creation in the early 1980s, governments still offer pensions to many employees. And those pensions have left retirees and taxpayers in a bind that has fueled political battles while continuing to en rich investment consultants and managers: Too-optimistic estimates of market return, which determine how much governments must pay to fund the balance, have left many plans massively underfunded even as the advisers who managed them received...

April 4, 2017

NewsUS

04AprApril 4, 2017

Population ageing and decline ‘key focus’ as UN Commission opens 50th annual session

The United Nations advisory body on issues related to population and development today kicked off its annual session, with a focus on changing population age structures and sustainable development. “Population ageing and population decline have now become key issues for a growing number of Member States,” Under-Secretary-General for Economic and Social Affairs Wu Hongbo told the opening segment of the Commission on Population and Development’s fiftieth annual session, which will run at UN Headquarters through 7 April. He also noted that...

April 4, 2017

News

04AprApril 4, 2017

En Bolivia, fondos del Sistema de Pensiones llegan a USD14.172 millones y superan a las RIN

El viceministro de Pensiones y Servicios Financieros, Mario Guillén, realizó un balance de la Ley 065 del Sistema Integral de Pensiones (SIP) a seis años de vigencia de la norma.La autoridad destacó el aporte del Fondo Solidario, que permitió mejorar la renta de los adultos mayores con bajos ingresos y, de esta forma, cubrir sus necesidades. A seis años de vigencia de la Ley del Sistema Integral de Pensiones (SIP) ¿cuál es su balance sobre esta norma? Antes de la aprobación...

April 4, 2017

NoticiasBolivia

04AprApril 4, 2017

US. CFA Institute Blasts Senate’s Move to Block Auto-Enrollment Retirement Plans

The CFA Institute says moves by politicians to end automatic enrollment of some workers in retirement savings plans are misguided. The group shared its thoughts on Friday, a day after the Senate followed the House and passed a resolution to undo rules helping municipalities and states set up payroll deduction retirement plans that automatically enroll private-sector workers lacking access to such savings programs. Full Content: Think Advisor

April 4, 2017

NewsUS

04AprApril 4, 2017

México. CONSAR lanza nueva sección en internet “Todo sobre el retiro de recursos del SAR”

Como parte de la Estrategia de Educación Financiera emprendida por la CONSAR desde 2013, hoy se publica una nueva sección en la página de internet denominada “Todo sobre el retiro de recursos del SAR ”. Se trata de una nueva sección del portal de CONSAR que, por primera vez, concentra toda la información sobre los diferentes tipos de retiro que existen en el sistema de pensiones, con la finalidad de que los trabajadores realicen trámites en la AFORE de manera...

April 4, 2017

NoticiasMexico

04AprApril 4, 2017

Ultralow rate driving Japan’s public pension fund out of JGBs

The Bank of Japan's zero interest rate policy is forcing Japan's Government Pension Investment Fund to take on more risk via an increased portfolio allocation to stocks, as near-zero yields have made Japanese government bonds nonviable as core holdings. The GPIF aims to secure returns equivalent to the rate of wage growth plus 1.7 percentage points in order to make good on payouts. The fund overhauled its base asset allocation policy in October 2014 amid the reflation push by the...

April 4, 2017

NewsJapan

03AprApril 3, 2017

UK. Losing pension drives BMW workers to strike

UK workers employed at the BMW plants have voted to strike in a fight over pensions, the Unite union has announced. These workers employed for making Rolls-Royce and Mini engines are planning to strike as their final salary pension scheme is being closed. The union said the proposed order would mean that some UK workers "lose up to 160,000 in retirement income". Timeline 27 Sep 2016 BMW says come 2017 old pension schemes to close BMW, the German car giant announced its plans...

April 3, 2017

NewsUK

April 2017