March 2023
10Mar

Chile. Tras golpe por rechazo a la reforma tributaria, oficialismo acelera operación para impedir sexto retiro

El Gobierno del Presidente Gabriel Boric sufrió un muy duro revés este miércoles en la Cámara de Diputadas y Diputados, al ser rechazada la idea de legislar la reforma tributaria, uno de los proyectos considerados clave para que el oficialismo impulse reformas emblemáticas como la de pensiones. Dentro de los que rechazaron y entre los que no se presentaron a votar, a pesar de estar en la Sala, estuvo la independiente Pamela Jiles, conocida por ser una impulsora del...

March 10, 2023
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10Mar

French Senate votes to raise retirement age from 62 to 64 amid nationwide strikes

France's Senate voted Thursday to raise the retirement age by two years to 64, as the government moves to overhaul the country's pensions system in the face of strong opposition from labour unions. The conservative-dominated legislative body voted in favour of a decisive article to raise the age of retirement by 201 votes to 115. Debate will resume later on Thursday over a controversial amendment to the bill. The Senate majority is rushing to meet a deadline of midnight Sunday to finalise...

March 10, 2023
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10Mar

I chair the investment committee of America’s second-largest pension fund. Here’s why savvy investors back the SEC’s proposed ESG disclosure rules

As the nation deals with floods, fires, and other extreme weather events fueled by climate change, it may come as a surprise that relatively little is known about one of the largest sources of greenhouse gas emissions: publicly held companies. That is because there are no federal rules requiring these major drivers of the nation’s economy to disclose critical information about the impact of climate on their businesses. With more than half of U.S. households invested in the stock market,...

March 10, 2023
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10Mar

The Influence of Financial Literacy on Retirement Planning in South Africa

By Nyasha Tapiwa Dhlembeu, Mamekwa Katlego Kekana & Mpinda Freddy Mvita Background: A shift in the retirement planning and pensions landscape has created an enormous responsibility for individuals to plan for their retirement provision actively. Very few South Africans reach the average retirement age of 65 years with sufficient funds to sustain themselves during their retirement. Purpose/objective: Using secondary data from the 2011 South African Social Attitudes Survey (SASAS), this study aims to examine the influence financial literacy has on the...

March 10, 2023
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10Mar

Nigeria. Pension Fund Assets Increase By ₦568.33b – PenCom Boss

It appears that are days of enjoyment waiting Nigerian pensioners and the stories of months of wait pay will be over. The pension fund in Nigeria is real growing. There is something that the Director-General (DG) of Pension Commission Aisha Dahir-Umar, wants you to know. It is about the pensioners money that is now available. He says the Pension Fund Assets under Management (AuM) increased by ₦568.33 billion from ₦14.42 trillion as at September 30 to ₦14.99 trillion as at December...

March 10, 2023
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10Mar

US. Could companies be persuaded to bring back pensions?

There’s a certain type of employer-sponsored retirement plan that’s the stuff of legends. They’re called traditional defined benefit pension plans, meaning employees get a fixed amount of money upon retirement, usually shouldered by the company. While they’ve since been replaced in 401(k) plans in almost every company, there’s an argument to be made that today’s tight labor market could offer companies that bring back pensions an edge in attracting talent. Marketplace senior economics contributor Chris Farrell recently spoke with Marketplace’s...

March 10, 2023
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10Mar

Pay-as-They-Get-In: Attitudes Towards Migrants and Pension Systems

By Tito Boeri, Matteo Gamalerio, Massimo Morelli & Margherita Negri We study whether a better knowledge of the functioning of pay-as-you-go pension systems and recent demographic trends in the hosting country affects natives' attitudes towards immigration. In two online experiments in Italy and Spain, we randomly treated participants with a video explaining how, in pay-as-you-go pension systems, the payment of current pensions depends on the contributions paid by current workers. The video also explains that the ratio between the number of...

March 10, 2023
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10Mar

A Leveraged Gender Gap: The Combined Effect of Longevity Risk (Mis)-Perception and Financial Risk-Taking

By Giovanna Apicella & Enrico G. De Giorgi Financial risk and longevity risk are the main risks affecting pension income. This paper analyses gender differences related to how financial risk taking and survival expectations are correlated. We analyse data from the “Survey of Health, Ageing and Retirement in Europe” (SHARE) database and find a significant gender gap in self-assessed risk tolerance, consistently with previous literature. Moreover, we show that individuals with realistic survival expectations (i.e., survival expectations that are close...

March 10, 2023
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09Mar

México. El 31.6% de cuentas de Afore pertenecen a las mujeres, cifra mucho menor a la de los hombres

En el marco del Día Internacional de la Mujer, la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) recordó cuál es el porcentaje que ocupan las mujeres respecto al registro de cuentas de Afore que hay en la actualidad y el saldo promedio de ahorro en sus cuentas individuales. Y es que de las 72 millones 513 mil 800 cuentas individuales de las Administradoras de Fondos para el Retiro (Afore) que hay registradas en la actualidad, el 31.6...

March 9, 2023
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09Mar

Colombia. Reforma pensional: ministra del Trabajo propone dar a las mujeres un bono pensional de 50 semanas por cada hijo

En el Día Internacional de la Mujer, la ministra del Trabajo, Gloria Inés Ramírez, propuso reconocer 50 semanas de cotización por cada hijo o hija criado como compensación a las labores de cuidado no remunerado que realizan las mujeres. “Estamos trabajando en la estrategia dentro de la reforma pensional, conocida como un sistema de la compensación, lo que significa que haya una contraprestación para las mujeres por cada hijo criado. Además, dispondrán de 50 semanas por hijo como compensación a...

March 9, 2023
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