admin, Author at Pension Policy International

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

23MarMarch 23, 2017

México. Crece 30% presupuesto de pensiones de empleados del Estado

Durante el último año, se elevó 30.6% el presupuesto que el Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (ISSSTE) asigna al pago de pensiones y jubilaciones. El crecimiento corresponde principalmente al aumento en derechohabientes de quienes migran de entidades circunvecinas como Michoacán y el Estado de México, refirió el delegado del ISSSTE en la entidad, Sergio Blanca Álvarez. Para el 2017 el instituto presupuesta 3,200 millones de pesos para el pago de pensiones y jubilaciones, monto 750...

March 23, 2017

NoticiasMexico

23MarMarch 23, 2017

España. El gasto en pensiones creció en marzo más del 3%, hasta 8.684 millones, nueva cifra récord

La Seguridad Social destinó en el presente mes de marzo la cifra récord de 8.684,5 millones de euros al pago de las pensiones contributivas, el 3,04% más que en el mismo mes del 2016, según datos publicados este jueves por el Ministerio de Empleo y Seguridad Social. El gasto global del conjunto de pensiones llegó a superar el 8% interanual en la antesala de la crisis (2008). Tras 14 meses subiendo a tasas interanuales inferiores al 3%, ya son...

March 23, 2017

NoticiasEspaña, Spain

23MarMarch 23, 2017

Canada. A $116B Pension Fund Is Walking Back Incendiary Claims Against Boaz Weinstein’s Saba Capital

When Canada's Public Sector Pension Investment Board tried to redeem $500 million from Boaz Weinstein's Saba Capital in 2015, the $116 billion pension fund for the Royal Canadian Mounted Police came to believe it was shortchanged during the process. In the fall of 2015, PSP sued Saba Capital, accusing the highly followed hedge fund of "self-dealing" and mis-marking illiquid fund assets to minimize the redemption, thus growing value for its remaining fund investors. Now, PSP is walking back those incendiary...

March 23, 2017

NewsCanada

23MarMarch 23, 2017

Compliance and regulatory concerns over pension complaints in UK

One in three HR executives have seen a rise in pension complaints Compliance and regulatory concerns worry 35% of HR departments moneygym aims to increase employee engagement with retirement and wider financial planning They are facing a combination of increased complaints about pension fund performance as well as increased interest from staff about pension schemes. Portus’s study found one in three HR departments have seen an increase in complaints in the past two years while 28% report increased inquiries from employees. The rise...

March 23, 2017

NewsUK

March 2017