admin, Author at Pension Policy International

18AprApril 18, 2023

Do state and local pension plans really need to be fully funded?

The Center for Retirement Research’s most recent undefined makes a strong case for shifting the focus of fiscal sustainability for state and local pension plans from full funding to stabilizing their pension debt as a share of the economy. While full funding is tidy in the sense that, if the pension were to shut down, assets would be available to pay full benefits, it involves a significant opportunity cost in terms of forgoing public investment in infrastructure and education. To assess...

April 18, 2023

NewsFunding, US

18AprApril 18, 2023

One in five Korean workers are over 60: Statistics

One out of five Korean workers are over 60 years old, in an aging society with plunging birth rates. The number of elderly still working and the on-year increase in the number of elderly working both reached all-time highs last year. The number of people over 60 who were working last year stood at 5.86 million, hitting the highest figure since data compilation began in 1963, according to Statistics Korea and the Ministry of SMEs and Startups on Monday. The number was...

April 18, 2023

NewsAging, Labor Market, South Korea

18AprApril 18, 2023

European managers aim to hold line on ESG fees despite costs

Money managers in Europe said they are gathering more assets thanks to the explosion of investor demand for sustainable investment strategies in recent years, but they aren't yet charging higher management fees for ESG strategies even if their costs have increased. Adam Gillett, head of sustainable investment at Willis Towers Watson PLC, said that the costs involved in meeting the standards of the European Union's Sustainable Finance Disclosure Regulation are significant. "Where permitted and appropriate, managers may be including some of...

April 18, 2023

NewsESG, EU

18AprApril 18, 2023

15 Cheapest Countries for Retirement

The Costs of Living in Retirement On average, a comfortable retirement in the USA costs an estimated $1 million. With Americans spending $50,220 annually post-retirement, 25% have already begun delaying their retirement plans. A 40-year high inflation, rising interest rates, and pandemic-led supply-chain disruptions are all notable factors causing this delay. CNBC notes that one million dollars in a retirement account two years ago are worth $120,000 less when accounted for inflation today. As a result, 77% of people have...

April 18, 2023

NewsAdequacy, Retirement Planning

17AprApril 17, 2023

México. Mujeres, las que más buscan una cuenta independiente en una afore

Este tipo de cuentas son una opción de inclusión financiera para las mujeres. Son fáciles de usar y permiten crear un ahorro en instituciones formales. En el Sistema de Ahorro para el Retiro, las mujeres son las que más buscan tener una cuenta con una afore de manera independiente. Las cuentas independientes en las afores son aquellas que abren las personas que no cotizan en algún instituto de seguridad social, ya sea IMSS o ISSSTE, y que buscan tener un ahorro...

April 17, 2023

Noticias, NoticiasBrecha de Género, Mexico, Sector Informal

17AprApril 17, 2023

Colombia. Reforma pensional: expertos creen que amenazaría el ahorro nacional

Los inversionistas temen que el proyecto de ley pensional de Colombia pueda causar una caída en el ahorro nacional a medida que los trabajadores abandonan los planes de pensiones privados y migran al sistema público, según los analistas. La reforma pensional propuesta por el presidente Gustavo Petro podría significar que alrededor del 85 % de las contribuciones de los trabajadores vayan al sistema público, lo que podría perjudicar la demanda de bonos y acciones locales. El Gobierno no ha proporcionado una...

April 17, 2023

Noticias, NoticiasColombia, Reforma de Pensiones

17AprApril 17, 2023

República Dominicana. Presidente autorizó pensión especial a pasado superintendente de Valores

El presidente Luis Abinader otorgó una pensión especial de RD$200,000 al exsuperintendente del Mercado de Valores, Gabriel A. Castro González. La disposición está contenida en el decreto 102-23, firmada por el mandatario el 15 de marzo del presente año. “La Dirección General de Jubilaciones y Pensiones a cargo del Estado tendrá un plazo de tres (3) meses para hacer efectivo el pago de las pensiones, contados a partir de que el interesado haya tramitado su solicitud de inclusión a la nómina...

April 17, 2023

Noticias, NoticiasPensiones Estatales, República Dominicana

17AprApril 17, 2023

UK. PLSA sets out key issues for defined contribution reform

In the Pensions and Lifetime Savings Association’s (PLSA) regular column for Professional Pensions, the trade body’s director of policy and advocacy takes a look at defined contribution (DC) reform. It is hugely positive that pensions minister Laura Trott has wasted no time in setting out her vision for DC pensions. Her recent support for the Gullis Bill on reform of auto-enrolment to increase the amount of saving into workplace pensions is an important step towards achieving pensions adequacy and has a...

April 17, 2023

NewsDefined Contribution, Pension Reform, UK

17AprApril 17, 2023

Macron to address France after ‘Pyrrhic’ pensions victory

President Emmanuel Macron is on Monday to address France for the first time since signing into law his controversial pension reform, facing warnings the political and social crisis it sparked is not over. Macron signed the legislation early Saturday, just hours after the banner change to raise the retirement age from 62 to 64 had been validated by the constitutional court, prompting accusations he was smuggling the law through in the dead of night. After three months of protests and strikes,...

April 17, 2023

NewsFrance, Pension Reform, Retirement Age

17AprApril 17, 2023

Nigeria. Pension funds investment in banks reduced to N1.6trn by PFAs

The Pension Funds Administrators has reduced the funds under the Contributory Pension Scheme that was invested in fixed deposits and bank acceptances to N1.6 trillion in February. This was as the total funds under the scheme hit N15.49 trillion in the period under review, according to the National Pension Commission. PenCom disclosed this in its unaudited report on the pension funds industry portfolio for the period ended February 28, 2023. The data provided information on the approved existing schemes, Closed Pension...

April 17, 2023

NewsInvestment, Nigeria, Pension Management

April 2023