March 2017

27Mar

Thailand Government Pension Fund to Form Asset Management Unit

The Finance Ministry plans amending legislation to allow the Government Pension Fund (GPF) to form an asset management company to increase returns for members. Somchai Sujjapongse, permanent secretary for finance, aired the idea at the ministry on the 20th anniversary of the fund, which amounted to 758 billion baht in October last year. "The finance minister agrees with the plan... We are of the view the GPF is ready in terms of personnel who are able to manage investment in funds,"...

March 27, 2017
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27Mar

Towards an Equitable and Sustainable Points System: A Proposal for Pension Reform in Belgium

By Erik Schokkaert (Catholic University of Leuven), Pierre Devolder (Catholic University of Louvain), Jean Hindriks (University of London) & Frank Vandenbroucke (University of Amsterdam) We describe the points system that has been proposed by the Belgian Commission for Pension Reform 2020-2040. Intragenerational equity can be realised in a flexible and transparent way through the allocation of points within a cohort. The intergenerational distribution is determined by fixing the value of a point for the newly retired and a sustainability parameter...

March 27, 2017
Aging, Articles, Labor Market, System Sustainability, , , ,
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27Mar

Chile, la cuna de los fondos privados de pensiones (las AFP), se rebela contra un invento que se extendió por toda América Latina

El gobierno militar de Augusto Pinochet en Chile terminó hace más de un cuarto de siglo. Pero una de sus políticas más representativas sigue en pie y es más controversial que nunca. Chile fue un precursor mundial de la privatización de la seguridad social. Desde 1980 operan en el país fondos privados de pensiones en un esquema que ha sido adoptado en muchos países latinoamericanos, entre ellos Argentina y Perú. Pero muchos chilenos están profundamente descontentos con este modelo, contra el que...

March 27, 2017
Noticias
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27Mar

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
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26Mar

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, Regulation, , , ,
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26Mar

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
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26Mar

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
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24Mar

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
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24Mar

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
Noticias
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24Mar

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
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