admin, Author at Pension Policy International

22AprApril 22, 2022

Chile. Siete argumentos contra los retiros de fondos previsionales

Recordemos que el cuarto retiro se rechazó por el voto de la senadora Carolina Goic (DC) y que el quinto retiro fue rechazado por el fuego cruzado entre las distintas bancadas en una situación de anarquía parlamentaria. El Gobierno, a 37 días de haber asumido, tuvo 18 deserciones de entre sus propias filas y tampoco tuvo los votos para apoyar el proyecto alternativo de retiro acotado. El debate y las iniciativas legislativas sobre retiros de fondos previsionales no están concluidos....

April 22, 2022

Noticias2022, Chile, Retiro de Fondos

22AprApril 22, 2022

US. Amazon faces new activism from pension funds in New York over worker safety

A group of New York city and state pension funds that collectively own more than $5 billion of Amazon.com Inc. stock are urging fellow shareholders to vote against re-election of two board members for what the institutions say are failures to adequately protect worker safety. New York City’s pension fund, which represents the teachers, police department, fire department and other unions, has paired up with New York state’s pension fund and the office of the Illinois state treasurer to vote...

April 22, 2022

News2022, Investment, US

22AprApril 22, 2022

UK. TPR issues Contribution Notice following “inappropriate” management buy-out

Scharf AG, a German mining equipment business, has received a notice from TPR to contribute just over £2m to the pension scheme of its former subsidiary. This blog post will be relevant if you are considering corporate transactions and operate a DB pension scheme in the UK. This case shows the importance of taking specialist advice on TPR’s wide powers to protect pension savers. Background In 2013, Scharf sold a UK subsidiary business (the Dosco Group, which was a manufacturer and supplier...

April 22, 2022

News2022, Regulation, UK

21AprApril 21, 2022

China to implement private pension system with a contribution cap of about $1,800 a year: report

China will soon start a new era of "private pensions" with the imminent implementation of a relevant mechanism, according to a report by the Shanghai Securities News published on Wednesday. The new mechanism, which is characterized by policy support from the government, voluntary participation and market-oriented operations, will be an important transformation of the current pension system that has a basic pension insurance and a corporate pension. According to the report, those who contribute to the basic pension insurance for workers...

April 21, 2022

News2022, China, Coverage, Private Pensions

21AprApril 21, 2022

Chile. Quinto retiro: En el Senado “no están los votos” para aprobar proyecto de retiro acotado del gobierno

Tras la reunión con el ministro de la Secretaria General de la Presidencia, Giorgio Jackson, la senadora Alejandra Sepúlveda (FRVS) reconoció que "no queremos más desilusiones". La posibilidad del quinto retiro de ahorros previsionales tuvo un doble portazo en la jornada del lunes pasado. Los diputados rechazaron el proyecto de los parlamentarios para solicitar el 10% de esos recursos. Pero no fue todo. La Cámara también impidió el avance de la moción del Ejecutivo con miras a un "retiro acotado". Este...

April 21, 2022

Noticias2022, Chile, Retiro de Fondos

21AprApril 21, 2022

US. Inflation is taking a big bite from retirees’ pension income

Most pensions, unlike Social Security payments, don’t offer a cost-of-living adjustment that keeps pace with the current inflation rate. State and local government pensions typically offer up to a 2% or 3% adjustment a year. Private-sector employers that still provide pensions, however, typically don’t offer a COLA at all. There may be a tension between enhancing a pension’s adjustment and maintaining the plan’s longer-term financial health. Inflation is taking a substantial bite from the income retirees get from pensions. Many...

April 21, 2022

NewsAdequacy, Income, US

21AprApril 21, 2022

Colombia. Fondos, con el mismo número de pensionados de Colpensiones en 2037

En la última década el ritmo promedio de crecimiento de los pensionados en los fondos privados colombianos es del 17,6% anual, con lo que si esta tendencia se mantiene, en 15 años, en el 2037, el Régimen de Prima Media, que administra Colpensiones, tendrá el mismo número que el del Régimen de Ahorro Individual que administran las cuatro AFP. Hay que recordar que las cuatro administradoras de pensiones privadas (Skandia, Colfondos, Protección y Porvenir) tenían al cierre del 2021 cerca...

April 21, 2022

Noticias2022, Administración de Pensiones, Colombia

21AprApril 21, 2022

UK. Workplace pension of £65,400 in public sector six times more than private average

The number of people saving in workplace pensions has risen slightly, with the average pension value standing at £65,400 in the public sector compared to just £10,300 in the private sector. Overall, 79% of eligible employees, or 22.6 million, were participating in a workplace pension in April 2021, up slightly from 78% in 2020, according to the Office for National Statistics (ONS). The ONS said that the growth was partly explained by “increased public sector employment driven by the government's response...

April 21, 2022

News2022, Income, UK

21AprApril 21, 2022

Perú. Presidente del BPS: “No entiendo por qué se quejan cuando hay un aumento” de las jubilaciones

Alfredo Cabrera afirmó que el aumento de 3% que comienza en julio permite “recuperar 100% la pérdida por inflación” El presidente del Banco de Previsión Social (BPS), Alfredo Cabrera, habló este miércoles sobre el aumento de 3% en las pasividades que se comenzará a cobrar en julio a cuenta del aumento que correspondería a fin de año. En particular se refirió a las críticas del representante de los jubilados, Sixto Amaro, que tildó la medida de “insuficiente”; a su entender...

April 21, 2022

Noticias2022, Ingreso, Perú, Suficiencia

21AprApril 21, 2022

Bahrain’s SIO announces 6% retroactive pension rise deposited

Bahrain - Social Insurance Organisation (SIO) CEO Eman Mustafa Al Murbati announced that a six per cent retroactive pension increase of retirees from January 2021 to April 2022 have been deposited in their accounts, as per the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister. The directives align with reforms to the retirement and social insurance pensions. The CEO expressed her gratitude to His Majesty King Hamad for ratifying and promulgating Law No....

April 21, 2022

News2022, Bahrain, Public Pensions