admin, Author at Pension Policy International

19AprApril 19, 2023

India to overtake China as world’s most populous country this year

India has surpassed China as the world’s most populous country, according to new UN data, marking a historic crossover moment for the two Asian rivals that are set to shape business and world affairs in years to come. According to the UN Population Fund’s World Population Dashboard, released on Wednesday, India’s population has surpassed 1.428bn, just overtaking China’s more than 1.425bn people. The update in population estimates came as the world body’s main agency that tracks demographic trends, the UNFPA, released...

April 19, 2023

NewsChina, India, Labor Market

18AprApril 18, 2023

México. Cuentas no reconocidas en las afores siguen en 18 millones: Consar

Los datos del primer trimestre del 2023 detallan que las cuentas no reconocidas por los trabajadores en el Sistema del Ahorro para Retiro (SAR), también nombradas cuentas asignadas, acumularon cuatro años con disminuciones anuales en los tres primeros meses, de acuerdo con información de la Comisión Nacional del Sistema del Ahorro para el Retiro (Consar). Sin embargo, desde hace tres años el número de cuentas no reconocidas en las administradoras de fondos para el retiro (afores) sigue en el nivel...

April 18, 2023

Noticias, NoticiasMexico, Regulación

18AprApril 18, 2023

Argentina. Inflación: jubilación, salarios y aumentos a futuro

Marcelo Capello, economista y jefe en IERAL, analizó en CNN Radio el panorama inflacionario y su relación con las jubilaciones y los salarios en el país: "Los jubilados y asalariados desde 2018 que casi todos los años vieron caer su haber real". "Si bien es un año electoral, donde habrá presiones por aumentos salariales, la recesión que se viene por la sequía y por la inercia que ya traía la economía va a ser difícil que los salarios alcancen a...

April 18, 2023

Noticias, NoticiasArgentina, Inflación

18AprApril 18, 2023

Chile. Comisión de Constitución pondrá en tabla proyecto que permite retiro total de fondos AFP

El diputado Gaspar Rivas (PDG) anunció que, a partir de mañana martes 18 de abril, la Comisión de Constitución, Legislación, Justicia y Reglamento de la Cámara de Diputadas y Diputados pondrá en tabla el proyecto de su autoría que permite el retiro de hasta el 100% de los fondos previsionales. Cabe recordar que la discusión se retoma tras el rechazo del quinto retiro del 10% que fue sometido a votación, y posteriormente rechazado, en abril de 2022. A fin de contribuir...

April 18, 2023

Noticias, NoticiasChile, Retiro de Fondos

18AprApril 18, 2023

Perú. Ley de pensión mínima a afiliados a AFP: piden a Ejecutivo que reglamente la norma

La congresista de Podemos Perú, Digna Calle, envió un oficio dirigido al presidente del Consejo de Ministros, Alberto Otárola, para recordarle que se venció el plazo para la publicación del reglamento de la Ley n.º 31670 que crea las pensiones mínimas para los afiliados a las Administradoras de Fondos de Pensiones (AFP). Un buen número de afiliados a las AFP espera que se apruebe un nuevo proyecto para retirar dinero de su fondo de jubilación. “Tengo el agrado de dirigirme a...

April 18, 2023

Noticias, NoticiasPerú, Regulación

18AprApril 18, 2023

French President Macron says he hears people’s anger but insists pension change was needed

French President Emmanuel Macron said Monday that he heard people’s anger over raising the retirement age from 62 to 64, but insisted that it was needed to keep the pension system afloat as the population ages. In many cities, opponents to the pension law took to the streets to bang pots and pans during Macron’s televised address to the nation, with the rallying cry: “Macron won’t listen to us? We won’t listen to him!” In Paris, the gatherings quickly turned into...

April 18, 2023

NewsFrance, Pension Reform, Retirement Age

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

April 2023