October 2022
28Oct

Egypt: Increase of minimum wage in public service to address rising cost of living

Egypt has increased the minimum wage in the public sector from 2,000 Egyptian pound ($101.3) to 3,000 in a move to help workers surf the increase in the cost of living, reports say. Prime Minister Mostafa Madbouly who announced the decision said the government will pay an exceptional bonus of EGP 300 for employees in the public sector and its affiliate companies, as well as pensions. Read also Nigeria. How data analytics, artificial intelligence will help PFAs enhance customer service The hike...

October 28, 2022
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28Oct

Chile. Tribunal autoriza embargo de 103 tiendas y 400 marcas de La Polar por demanda de AFP Capital

El 13 Juzgado Civil autorizó el embargo a locales y marcas de La Polar, producto, en base a una demanda llevada adelante por AFP Capital, que pidió a la tienda del retail una indemnización por $22.000 millones debido al caso de repactaciones unilaterales hace 10 años. Según la decisión emitida el 25 de octubre por el tribunal, se aceptó la solicitud de AFP Capital, que solicita embargar 103 locales, más de 400 marcas y dinero en cuentas bancarias, consigna diario...

October 28, 2022
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28Oct

US. Faculty Wants Pensions Out of Fossil Fuels

Student activists have been demanding that higher education institutions divest their endowments from fossil fuel companies for over a decade. Now, as more institutions move toward sustainable investment, a group of faculty is calling on its pension fund to go green. About 300 clients of the Teachers Insurance and Annuity Association of America–College Retirement Equities Fund (TIAA), which hundreds of higher education institutions use to invest faculty members’ pensions, are calling on the fund to divest from companies they say...

October 28, 2022
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28Oct

Family Caregiving in Diverse Communities – Addressing the needs of diverse family caregivers for older adults

By Diverse Elder Coalition & National Alliance for Caregiving WHO WE ARE This report is the product of a series of activities conducted by the Diverse Elders Coalition and its member organizations, and in partnership with the National Alliance for Caregiving, to better understand and highlight the lived experiences of diverse family caregivers for older adults. Founded in 2010, the Diverse Elders Coalition (DEC) advocates for policies and programs that improve aging in our communities as racially and ethnically diverse people;...

October 28, 2022
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28Oct

Long-term care equality index 2021

By SAGE Try as we might, we may never fully process and adequately convey what we, people working in long-term care communities and hospitals, have experienced during these past fifteen months. But just like the virus which we cannot see but has nonetheless turned our world upside down, even though we cannot see what has happened to us and others from within, we carry our experiences, and their effects on us, in our heart, mind, body, and spirit. In the...

October 28, 2022
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28Oct

Optimal Savings and Portfolio Choice with Risky Labor Income and Reference-Dependent Preferences 

By Servaas van Bilsen, Roger J. A. Laeven & Theo Nijman This paper explores the joint impact of reference-dependent preferences and non- tradable risky labor income on optimal savings and portfolio decisions. We develop a non-trivial solution procedure to determine the optimal policies. Our results reveal that the impact of permanent labor income shocks on both the optimal savings rate and the optimal portfolio share is more pronounced under reference- dependent preferences than under CRRA preferences. In particular, we find...

October 28, 2022
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28Oct

Intergenerational Solidarity

By Alan Gutterman Aging is a natural progression of the life cycle and society will always have persons of different ages who need to learn to live alongside one another. One of the most consistent themes in the debate regarding the realization of the human rights of older persons is the need to strengthen “intergenerational solidarity” between and among all levels of families, communities and nations in order to achieve social cohesion and a society for all ages and build...

October 28, 2022
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28Oct

Discounting and the Market Valuation of Defined Benefit Pensions

By luca larcher & Francis Breedon We investigate how defined benefit pension schemes of FTSE firms are valued by the equity market, focusing on how future liabilities are discounted (since UK data allows us to estimate the duration of pension liabilities fairly accurately). We find that equity market valuation is consistent with discounting without allowing for credit risk. This differs from the approach used in published accounts for which IAS 19 (and SFAS No. 158, its US equivalent) allows for...

October 28, 2022
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27Oct

México. Traspasos en épocas de minusvalías tiran 32% del ahorro para el retiro

Si un trabajador decide traspasar su cuenta de una Afore a otra en periodos de minusvalías, como las que se han presentado este año, puede perder hasta 32 por ciento de sus ahorros, alertó Iván Pliego Moreno, presidente de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). Durante su participación en la Jornada por la Competencia “Sector financiero en México: retos y oportunidades”, organizada por la Comisión Federal de Competencia Económica (Cofece), señaló que tan sólo traspasarse...

October 27, 2022
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27Oct

Colombia. Los caminos que le quedan a Petro para que las pensiones altas aporten al país

Más se demoró el presidente Gustavo Petro en decir que en la reforma tributaria ya no se pondría impuestos a las pensiones de más de $13 millones mensuales, que los expertos en salir a criticar la decisión pues para muchos, Petro dejó pasar la oportunidad de generar más equidad en el sistema tributario. Después de esa ‘echada’ para atrás de Petro, ¿qué otros caminos le quedan al Gobierno para que estas megapensiones hagan su aporte al país? Según expertos consultados...

October 27, 2022
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