admin, Author at Pension Policy International

23MarMarch 23, 2017

Trumpcare Has Seniors Rethinking Early Retirement

After decades of saving diligently, Dan Maize, 53, of Williamsburg, Va., made the decision last year to retire early. He stayed at his job, managing a grocery store, until February—just before Republicans in the U.S. House of Representatives unveiled a health-care bill that could make his early retirement much harder to afford. Under the American Health Care Act, the Obamacare overhaul that faced a congressional vote on March 23, costs could fall for many younger Americans. The majority of older...

March 23, 2017

NewsUS

23MarMarch 23, 2017

Temer Backs Off and Shrinks Pension Reform in Brazil

The debate on the pension reform in Brazil presents today a new face, after in an unsuspected turn of his number one driving force, president Michel Temer, decided to limit the reform to federal employees. Shielded by the need of obeying the autonomy of the states and to strengthen the federation principle, Temer announced last night that the Constitutional Amendment proposed (PEC 287) which he sent last December to Congress and caused enormous discontent will be limited only to the federal...

March 23, 2017

NewsBrazil

22MarMarch 22, 2017

Miles de brasileños protestaron contra disminución de derechos en jubilaciones

Inaugurado en 1958 como el primer edificio de Brasilia, el proyecto fue encomendado por el presidente Juscelino Kubitschek (1956-61), idealizador de la capital futurista que descentralizaría el país, y muerto en 1976 en un misterioso accidente en su coche, en una carretera de Río de Janeiro, que lo convirtió en candidato a primer sospechoso fantasmal. Los agentes emplearon bombas lacrimógenas y balas de goma para dispersar a los manifestantes en el centro de Río al comienzo de la noche. La metrópoli...

March 22, 2017

NoticiasBrasil

22MarMarch 22, 2017

El Salvador. MH debe pagar $55 mill a trabajadores en abril

Que el Gobierno pague una parte de la deuda que tiene pendiente con los trabajadores que ahorran para tener pensión. Aunque es un compromiso que existe desde 2007, el plan del Gobierno es pagarlo con un paquete de bonos. Son $55.22 millones que deberá cancelar el Ministerio de Hacienda (MH), entre el 7 y el 20 de abril próximos, según datos de ASAFONDOS, gremial que representa a las AFP. De esa cantidad, $37.13 millones son por intereses y $18.1 millones...

March 22, 2017

NoticiasEl Salvador

22MarMarch 22, 2017

México. Desempleados recurren a sus ahorros en Afores

En caso de estar desempleado puede echar mano de los recursos que tiene para la vejez en su Afore. Así lo hicieron las personas sin empleo que el año pasado retiraron ocho mil 571.1 millones de pesos de sus cuentas de ahorro, a través de un millón 763 mil retiros. La cifra se incrementó respecto a 2015, cuando se hicieron un millón 338 mil retiros por desempleo. El retiro promedia los cuatro mil 861 pesos, dependiendo del número de semanas...

March 22, 2017

NoticiasMexico

22MarMarch 22, 2017

UK. Pension raid on middle-class savers is off the cards

The Treasury has ruled out the biggest pension tax raid in nearly a century after the Treasury has privately admitted that "now is not the right time". The Telegraph can reveal the department has privately reassured businesses in correspondence sent out this month that a proposed raid on wealthy pension savers will not take place for the foreseeable future. It comes just weeks before Theresa May is due to trigger Article 50 which will begin the process of Britain leaving the...

March 22, 2017

NewsUK

22MarMarch 22, 2017

Liberia: Poor-Pensioners’ Money Invested In Risky Portfolios?

The United Nations (UN) estimates that by 2050, there will be 2 billion people over 60 years old (i.e., would-be pension-benefits-recipients) worldwide, and 80% of the 2 billion will be living in developing countries, especially Africa. With such an increase in old age, coupled with the fact that one in five live on less than a dollar a day, Africans should not only institute social programs such as retirement fund, rather effective retirement funds that will help to alleviate...

March 22, 2017

NewsLiberia

22MarMarch 22, 2017

UK. IFoA calls for adequacy to be ‘at the heart’ of auto-enrolment review

This could be achieved by pushing employers to reward saving over the minimum contribution rate in some way, and by introducing a method of auto-escalation, according to the institute. In addition, it recommends that the DWP consider removing the earnings trigger for when maximum contributions are payable, in order to strike a balance between the ability for those on lower incomes to save, and the risk of them losing out on tax relief and employer contributions. IFoA president, Colin Wilson, said:...

March 22, 2017

NewsUK

22MarMarch 22, 2017

Mexico. Generous payments for Pemex pensioners

Some of the state oil company’s generous pensions have come to light through a freedom-of-information request, which found that 14 retired Pemex officials are receiving over 2 million pesos per year, greater than the annual salary of Mexico’s 128 Senators. The chosen few also receive over 6,000 pesos a month for expenses: gasoline, natural gas and food needs, along with year-end bonuses of close to 400,000 pesos. The top 14 retirees are paid between 238,000 to 362,000 pesos per month; in...

March 22, 2017

NewsMexico

22MarMarch 22, 2017

US. workers want laws to simplify saving for retirement

A new AARP survey of almost 4,000 workers ranging in age from 18 to 64 found widespread support (84 percent) for laws that make it easier to put money away for retirement. That support cuts across political lines: 89 percent of self-described liberals, 86 percent of moderates and 82 percent of conservatives agreed. Today, 55 million Americans do not have access to retirement accounts that automatically save money from their paychecks, such as employer-sponsored 401(k) accounts. Low-income workers are especially...

March 22, 2017

NewsUS

March 2017