admin, Author at Pension Policy International

29JunJune 29, 2022

UK. DWP launches consultation on dashboards availability point

The Department for Work and Pensions (DWP) has launched a consultation seeking further views on the dashboards available point (DAP), and on the disclosure of information between the Money and Pensions Service (Maps) and The Pensions Regulator (TPR). The DWP previously ran a consultation on the draft pensions dashboards regulations, which outline the requirements pensions dashboards and their providers, and the trustees and managers of relevant occupational pension schemes, will need to meet. Feedback from this initial consultation argued that the...

June 29, 2022

News

29JunJune 29, 2022

South Africa. Treasury sheds light on retirement reform proposals

At a recent conference, National Treasury’s Acting Director-General expounded on the two-pot retirement system, the governance of umbrella funds and changes to Regulation 28. Ismail Momoniat, Acting Director-General at National Treasury, addressed the Pension Lawyers Association Virtual Conference in May with an update on retirement reform developments. He confirmed that retirement reform is alive and well, although there is still a need to consolidate the various proposals. He focused on five main areas: 1. Two-pot system proposal On the two-pot system proposal, which...

June 29, 2022

News2022, Pension Reform, South Africa

29JunJune 29, 2022

Bulgarian minimum pension will rise in July

Parliament finally approved the minimum pension to reach BGN 467 (EUR 240) as of July 1st. From this date, the maximum pension rises to BGN 2,000 (EUR 1,026). From October 1, the ceiling will rise once again - this time to BGN 3,400, which is the amount of the maximum insurance income. After parliament finally approved an increase in the minimum and maximum pensions from July 1st, Social Policy Minister Georgi Gokov confirmed that payments for the increase are still likely...

June 29, 2022

News2022, Bulgaria, Income, Social Protection

28JunJune 28, 2022

México. Consar publicó su Medidor de Atributos y Servicios de las Afores 2021

En su comparativo, la Consar detalló que Afore Profuturo ocupó el primer lugar y mantuvo la posición con respecto al 2020. El podio lo completaron Invercap y Sura. Leer también México. Estados gastan más de lo que reportan en pensiones La Comisión Nacional del Sistema del Ahorro para el Retiro (Consar) publicó su Medidor de Atributos y Servicios de las Afores el cual es un comparativo entre las 10 administradoras de fondos para el retiro (Afores). Leer también México. 25 años de...

June 28, 2022

NoticiasAdministración de Pensiones, Mexico, Servicios

28JunJune 28, 2022

Bolivia. Plantean nueva Ley de Pensiones y renta universal plana para todos

Ante la caída del Fondo Universal de Vejez, aunque el Gobierno asegura todo lo contrario, se reduce su sostenibilidad, y por ello los jubilados, así como economistas, plantean una nueva Ley de Pensiones y una renta universal plana, sin subsidios para no crear distorsiones, como lo aprobado para el sector del autotransporte. Leer también Bolivia. El 58,3% de jubilados con pensión de vejez tiene rentas de Bs 1.000 a 4.000 El economista Dario Monasterio recuerda que el Fondo Universal de Vejez...

June 28, 2022

NoticiasBolivia, Ingreso Universal, Protección Social

28JunJune 28, 2022

España. El gasto en pensiones alcanza en junio un récord de 10.832,2 millones, un 4,7% más

La Seguridad Social destinó en el presente mes de junio la cifra récord de 10.832,2 millones de euros al pago de pensiones contributivas, un 4,7% más que en el mismo mes de 2021, según ha informado este martes el Ministerio de Inclusión, Seguridad Social y Migraciones. El Departamento que dirige José Luis Escrivá estima que el gasto en pensiones se situó en el 11,8% del PIB en el sexto mes del año, porcentaje inferior al de 2020 (12,4% del PIB),...

June 28, 2022

NoticiasEspaña, Gasto Público, Pensiones Públicas

28JunJune 28, 2022

US. Gender gaps in retirement readiness and financial know-how persist, despite strides made by women in last 50 years

Despite the economic and professional gains made by women over the last 50 years, gender gaps persist — and not just in rate of pay. Retirement readiness and financial know-how are key areas with notable gaps, according to two studies recently released by the TIAA Institute. For example, among workers in TIAA’s system, men contributed a median $8,271 to their workplace retirement plan in 2020, compared with $5,994 for women. While that 27% gap is less than the 34% difference...

June 28, 2022

News2022, Gender Gap, Labor Market, US

28JunJune 28, 2022

Large Dutch funds index pensions again

Several large Dutch pension funds, including civil service scheme ABP an healthcare fund PFZW, have increased pension for the first time since 2008. The pension funds can finally index again thanks to a steep rise in funding ratios this year and a relaxation of solvency rules. ABP will increase pensions by 2.39% as of 1 July, and will pay an additional 1.2% to pensioners to compensate for missed indexation during the first six months of this year. The increase has been...

June 28, 2022

News2022, Netherlands, Payout, Pension Management

28JunJune 28, 2022

Iranian Pensioners Return To Streets, Say Government Failing To Meet Promises

Iranian pensioners and retired public employees showed no signs of letting up in their protests against what they say is the government's failure to address deteriorating living conditions. Videos posted on social media on June 27 showed retirees gathering in at least four cities, Ahvaz, Kermanshah, Arak, and Rasht, chanting slogans against the government of President Ebrahim Raisi. The recent wave of protests by pensioners and retirees comes after the government announced on June 6 that it would increase the monthly...

June 28, 2022

News2022, Income, Iran

28JunJune 28, 2022

US. New IRS Pre-Examination Retirement Plan Compliance Program

The Internal Revenue Service recently announced a new pilot pre-examination retirement plan compliance program initiated in June. If you are a plan sponsor, do not play ostrich should you receive an IRS Pre-Examination Retirement Plan Notice. Failure to respond timely to the pre-examination notice may result in larger legal, accounting and/or audit fees and the imposition of larger sanctions. Under the new program you have 90 days to do a self-audit of the plan that is the subject of the...

June 28, 2022

News2022, Regulation, supervision, US

June 2022