admin, Author at Pension Policy International

27MarMarch 27, 2017

Chile pensions protest draws tens of thousands

Tens of thousands of people in Chile have taken part in demonstrations against the country's controversial privatised pension system. Demonstrators called on the socialist government of Michelle Bachelet to scrap the the system, which is managed by private funds. Critics say the system benefits the rich but leaves poorer Chileans with a pension below the minimum wage. The system was introduced in 1981 under General Augusto Pinochet's rule. Protest organisers said a total of more than 2 million people had joined marches in...

March 27, 2017

NewsChile

26MarMarch 26, 2017

Redistribution Effect and Pension Choice: Theory and Evidence

By Hulai Zhang (Peking University) This paper mainly focuses on two issues, the factors influencing pension choice and the redistribution effect of the pension system in China. Our model studies the trade-offs of relative financial benefits and risks provided by various plans, as well as the accessibility to specific pension plans and accessibility to information on pensions. The features examined include individual features such as hukou, gender and education, family features like marital status and work features like job types....

March 26, 2017

Articles, Labor Market, Pension design, RegulationAsia, Financial Education, Funding, Management, Risk

26MarMarch 26, 2017

How Productivity Can Affect Pension Systems: The Case of Japan and Malaysia

By Mario Arturo Ruiz Estrada (University of Malaya) This research paper proposes a group of new indicators in the analysis of pension programs performance. Section one presents a new model of analysis to evaluate the pension systems. This new model, “The Pensions Systems Performance Evaluation Model (PSPE-Model)” is intended to offer policy-makers and researchers an additional analytical tool to study the impact of productivity on the pension systems performance from a new perspective. The PSPE-Model can be applied to the...

March 26, 2017

Articles, Corporate GovernanceAsia, Funding, Investment, Management

26MarMarch 26, 2017

Pensions and Sovereign Default

By Sean Myers (Stanford University) This paper studies the effect of public pension obligations on a government's decision to default. In the model, the government can renege on its pension promises but suffers a cost from losing the trust of households about future pensions. Large pension promises act as a commitment device for debt because they require the government to have regular access to credit markets. The government's decision to default is driven by its total obligations, not just its...

March 26, 2017

Articles, System SustainabilityEurope, Political economy, Regulation, Sustainability

24MarMarch 24, 2017

México. Académicos coinciden en necesidad de crear fondo de pensiones en la UMSNH

En los Foros Universitarios que se extendieron por alrededor de cuatro horas y donde los integrantes de los sindicatos de la Universidad Michoacana brillaron por su ausencia, los académicos participantes coincidieron en la necesidad de crear un fondo de pensiones responsable y con visión de largo plazo. La doctora Dolores Huacuz Elías, jubilada de la Facultad de Biología, propuso en su ponencia un referéndum que recoja la participación de toda la comunidad universitaria, y a través del cual se recojan...

March 24, 2017

NoticiasMexico

24MarMarch 24, 2017

Cuentas IRA: Alternativa de ahorro para puertorriqueños en tiempos de crisis

La crisis económica que enfrenta el país ha motivado a los ciudadanos a buscar alternativas que le garanticen un retiro digno, además de un ahorro contributivo. Las Cuentas de Retiro Individual (IRA, por sus siglas en inglés), son una alternativa de disciplina de ahorro que permite prepararse para el futuro y ahorrar al momento de pagar contribuciones. El expresidente del Colegio de Contadores Públicos Autorizados (CPA), Rubén Rodríguez, explicó que ese tipo de cuentas se estableció con el propósito de ser...

March 24, 2017

NoticiasPuerto Rico

24MarMarch 24, 2017

US. Another Casualty of Bad Retirement Planning: Worker Productivity

EBRI released its 2017 Retirement Confidence Survey on Tuesday, finding once again that Americans who have a retirement plan are more likely to be confident about their retirement outcomes. Their confidence is well-earned. Workers in a retirement plan are 10 times as likely to be saving for retirement as those who don’t have a retirement plan of some kind. Full Content: Think Advisor

March 24, 2017

NewsUS

24MarMarch 24, 2017

Former director of CBI: UK state pension age should hit 68 seven years earlier than planned

John Cridland’s report, which will frame government policy on the state pension, has said state pension age (SPA) increases should be accelerated and should rise from 67 to 68 between 2037 and 2039. Last year the government commissioned Cridland, former director general of the Confederation of British Industry, to review the SPA, looking at the financial sustainability of the system, the issues that drive SPA rises and life expectancy. Under current legislation, from December 2018, the SPA for men and women...

March 24, 2017

NewsUK

24MarMarch 24, 2017

US. Police, firefighters would control own pension plan under N.J. bill

Police and firefighters would manage their own pension plan, taking control from the state, under a bill the Legislature passed Thursday. It now heads to Gov. Christie’s desk. The Police and Firemen’s Retirement System, like the six other plans that make up New Jersey’s $72 billion pension fund, is currently managed by a division of the state Treasury Department. The legislation would transfer control of the police and firefighters' fund to its own board of trustees, which would be modified to...

March 24, 2017

NewsUS

23MarMarch 23, 2017

Beyond the Privatisation and Re-Nationalisation of the Argentine Pension System: Coverage, Fragmentation, and Sustainability

By Fabio Bertranou & Luis Casanova (International Labour Organization); Oscar Cetrángolo & Carlos Grushka (University of Buenos Aires) In the last decades, the pension system in Argentina has experienced important changes that included the introduction of an individual account defined-contribution component (or individual capitalisation) in 1994 and its subsequent reversal to a defined benefit pay-as-you-go pension scheme in 2008. After the 2001 crisis, the favourable fiscal position allowed the implementation of policies that reversed the decline in pension coverage to unprecedented...

March 23, 2017

Articles, Corporate Governance, Regulation, System SustainabilityAging, Coverage, Funding, Labor Market, Management

March 2017