admin, Author at Pension Policy International

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

23MarMarch 23, 2017

State pension age could be raised to 70 in the UK, says report.

An analysis for the Department for Work and Pensions (DWP) has suggested that workers under the age of 30 may not get a pension until the age of 70. A second report, by John Cridland, proposes that those under the age of 45 may have to work a year longer, to 68. The government is due to make a decision on both reports by May. Ministers are under pressure to address the expected rise in the cost of pensions, which stems from...

March 23, 2017

NewsUK

23MarMarch 23, 2017

Ministra del Trabajo Chilena: sistema de pensiones “requiere de forma urgente” más seguridad social

La ministra del Trabajo, Alejandra Krauss, afirmó hoy que el país necesita “reformar el sistema de pensiones hacia un sistema más digno, solidario y humano”. En el marco de la Conferencia Pensiones Dignas: Iniciativas para un Sistema de Pensiones Justo, organizado por la Fundación Konrad Adenauer, la secretaria de Estado señaló que “la Presidenta habló del fortalecimiento del carácter solidario del sistema para lo cual propuso un alza gradual de las cotizaciones a cargo de los empleadores, lo que ayudaría...

March 23, 2017

NoticiasChile

23MarMarch 23, 2017

Reforma a pensiones, sólo para empleados federales: Michel Temer

El presidente de Brasil, Michel Temer, dijo que una reforma al sistema de pensiones propuesta por su gobierno sólo se aplicaría a los empleados federales y no apuntará a los sistemas administrados por los gobiernos estatales o las grandes ciudades del país sudamericano. En un intento aparente por diluir una reforma impopular que ya está encontrando oposición, Temer dijo que los cambios planificados sólo se aplicarían a quienes estén incluidos en el sistema federal de pensiones. El presidente sostuvo que muchos...

March 23, 2017

NoticiasBrasil, Brazil

March 2017