July 2022
01Jul

La O.I.T. y las reformas de sistemas de pensiones

Un estudio de la OIT sobre 704 iniciativas y decisiones gubernamentales de reformas, a nivel mundial, en el período 2010 a 2020, reportó que la tendencia predominante en la actualidad busca incrementar las coberturas de protección universal, para toda la población. En los primeros 20 años del presente siglo, treinta países, 14 en América Latina (incluida la República Dominicana) y 14 en Europa y países de la ex Unión Soviética, asumieron modelos de “capitalización individual”. Para el 2018, ya 18...

July 1, 2022
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01Jul

US. Milliman: Public pension plans’ funding dips slightly in May

The estimated funding ratio of the 100 largest public defined benefit plans in the U.S. inched down to 78.4% at the end of May from 78.6% at the end of April, according to the latest Milliman 100 Public Pension Funding index released Wednesday. The "relatively stagnant market" of May provided a "reprieve" for these plans after the volatility experienced between February and April this year, Milliman said in a news release. The funding ratio was as high as 85.5% at...

July 1, 2022
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01Jul

UK. Majority of CEOs unaware their pension scheme could contribute to climate change

Less than half (45 per cent) of UK CEOs and business leaders are aware that their company pension scheme could be contributing to climate change, according to research from Make My Money Matter (MMMM). Earlier analysis by the campaign group and sustainability research house Route 2 showed that the investments of UK pension schemes allow an estimated 330 million tonnes of carbon to enter the atmosphere every year – more than the UK’s entire national carbon output. This lack of awareness...

July 1, 2022
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01Jul

Japan. World’s Top Pension Fund Writes Off Russia Stocks, Sells Bonds and Closes Year With Gains

Japan’s Government Pension Investment Fund said Friday that it’s been selling Russian assets since March following the invasion of Ukraine, marking down some values to almost zero in the process. The world’s biggest pension fund has substantially reduced holdings of Russian bonds, which can still be traded over-the-counter. The fund has been largely stuck with the country’s stocks, as foreign investors face trading restrictions, Chief Investment Officer Eiji Ueda said in the GPIF annual report. The Government Pension Investment Fund lost...

July 1, 2022
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June 2022
30Jun

A Multi-State Model for Sick Leave and Its Impact on Partial Early Retirement Incentives: The Case of the Netherlands

By Sophie de Mol van Otterloo & Jennifer Alonso-García We investigate the effect of part time and full time work on health using a Markov framework and generalized linear models to smooth the resulting crude rates. The Chapman-Kolmogorov equations are used for a general solution. We apply this model to assess a partial early retirement incentive in the Netherlands, known as "the generation pact''. The smoothed rates imply that working part time does not necessarily mean a better health for...

June 30, 2022
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30Jun

Spillover Effects of Old-Age Pension Across Generations: Family Labor Supply and Child Outcomes

By Katja Kaufmann, Yasemin Özdemir & Han Ye We study the impact of grandparental retirement decisions on family members' labor supply and child outcomes by exploiting a Dutch pension reform in a fuzzy Regression Discontinuity design. A one-hour increase in grandmothers' hours worked causes adult daughters with young children to work half an hour less. Daughters without children, with older children and sons/daughters-in-law are not affected. We show important long-run impacts on maternal labor supply and on the child penalty....

June 30, 2022
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30Jun

Does Informality Hold the Key to Growth and Stability?

By Meghna Dutta This paper attempts to analyse the impact of a prevailing informal sector on the dynamics of growth and inflation in developing economies. The high growth rates posited by most developing economies in the presence of a huge informal sector suggest that this sector might not be the malefactor as often indicated. The main results show that the informal economy not only contributes to economic growth but the firms also help to significantly reduce inflation by generating employment...

June 30, 2022
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30Jun

México. Con las minusvalías vemos el panorama con precaución, pero de manera optimista: Consar

La minusvalía es una imagen de un momento y que a lo largo de los todos los años del Sistema del Ahorro para el Retiro (SAR) ha habido meses rojos, sin embargo al final de cada año los resultados han sido positivos, aseguró Iván Pliego Moreno, presidente de la Comisión Nacional del Sistema del Ahorro para el Retiro (Consar), en el marco del vigésimo quinto aniversario de la entrada en vigor del SAR. "Normalmente las minusvalías que se registran en...

June 30, 2022
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30Jun

España. La inflación del 10,2% noquea a los pensionistas, que son un 6% más pobres que hace un año

La luz se ha encarecido en el último año más de un 30% incluyendo las rebajas impositivas aplicadas a la factura de la electricidad (descontando dichas ayudas, la subida interanual del precio de la luz sería del 49%). Los alimentos y bebidas no alcohólicas son un 11% más caros que en mayo de 2021, con fuertes alzas del coste del pan y cereales, leche, queso, huevos o carne, según los datos del INE correspondientes a mayo. El transporte acumulaba...

June 30, 2022
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30Jun

DC 2.0: Three Paths To More Equitable Retirement Programs

Among C-suite and financial executives at both for-profit and nonprofit organizations, 99% are committed to helping employees save for retirement and 84% believe they have made significant progress toward achieving their organization’s diversity, equity, and inclusion (DEI) goals. That’s according to a December 2021 PNC Survey on institutional social responsibility. Despite these commitments, many employees remain underprepared for retirement. Specifically, low-income workers, women, and people of color tend to have significantly less access to retirement plans, and when these groups...

June 30, 2022
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