March 2020

US. Fragile Retirement Funds Tested by Market Volatility, Bond Yields

The list of institutions challenged by the impact of the coronavirus now includes America’s pension funds. State and local government retirement systems face the difficult task of trying to plug funding gaps while protecting against investment losses. The past two weeks of falling bond yields and heightened stock-market volatility have made that job even more complicated. Pension funds have for years been piling into stocks to try to reduce shortfalls after a decadeslong slide in bond yields slashed the...

Gender pay gap in Europe: facts and figures

This year marks 25 years since the adoption of the UN’s Beijing Declaration aimed at the advancement of women around the globe, the 10th anniversary of UN Women - dedicated to gender equality and the empowerment of women - and five years since the adoption of the Sustainable Development Goals, one of which is gender equality. So where do we stand? Progress has been made, but inequality between men and women persists, including on the labour market. On average,...

UK. Record Numbers Saving into Workplace Pensions

More than three-quarters of British employees are now members of a workplace pension scheme, according to new figures from the Office for National Statistics. And for the first time, occupational defined contribution (DC) pensions have overtaken all other types of pension, including defined benefit (DB) or final salary schemes. The proportion of employees in a workplace pension hit 77%, the highest since comparable records began in 1997 – it marks a huge advance on the 47% in these schemes...

El gasto público y los impuestos desde la perspectiva del ciudadano. Análisis de las actitudes y preferencias de los españoles

Por Ruth Cicuéndez Este libro trata de las preferencias de los españoles sobre el gasto público y los impuestos, en otras palabras, aborda el complejo tema de las actitudes de la ciudadanía hacia la actividad financiera pública. De forma más concreta, el objeto de estudio de esta monografía es describir y analizar las preferencias y actitudes de los ciudadanos hacia el gasto público y los impuestos en España, a lo largo del periodo comprendido entre 1985 y 2016. El...

Revisiones de la OCDE de sistemas de pensiones: Perú

Por OECD Esta revisión evalúa el sistema de pensiones de Perú en su totalidad, analizando las provisiones de pensiones financiadas y financiadas tanto públicas como privadas, de pago por uso (PAYG). La revisión luego ofrece opciones de política para ayudar a combatir la pobreza en la vejez; establecer un marco sólido para que el sistema de pensiones contributivas cumpla con sus objetivos; mejorar la cobertura y el nivel de las pensiones; y optimizar el diseño y mejorar la regulación...

La Unidad de Medida y Actualización (UMA) y la seguridad social como Derecho Humano

Por María Ascensión Morales Ramírez Después de casi 40 años de contar con un salario deteriorado en el país por atenderse a criterios económicos, se dieron los primeros pasos para su recuperación a través de una reforma constitucional y legal para desvincular al salario mínimo como referencia para fines ajenos a su naturaleza y permitir a éste cumplir con sus fines propios: ser suficiente para satisfacer las necesidades normales de un jefe de familia, en el orden material, social...

Ahorro previsional voluntario en Argentina. Alternativas para su incentivo y primera caracterización frente a la nueva legislación tributaria

Por Barraud, Ariel Alejandro Un objetivo clave de un sistema de seguridad social es suavizar el nivel de ingreso durante el ciclo de vida de los individuos, suplantando sus ingresos laborales luego del retiro, con la finalidad de disminuir la incidencia de la pobreza entre aquellos de edad avanzada, o bien para mejorar la distribución de la riqueza entre generaciones. Por lo general, la situación económica de los individuos durante la vejez se determina en el período anterior al retiro...

Global Economic Policymakers Scramble as Coronavirus Threatens Growth

Global policymakers moved to ease public anxiety over the coming economic hit from the coronavirus on Monday, as analysts warned of a severe slowdown in growth and a possible recession if the virus continued to spread. Finance ministers and central bankers from the world’s advanced economies said the Group of 7 would hold an emergency call on Tuesday morning to discuss economic responses to the outbreak. The World Bank and International Monetary Fund signaled they were also ready to...

South Africa. Pension funds shouldn’t be ‘fearful’ of Eskom – Ramaphosa

President Cyril Ramaphosa has given the strongest indication yet that the savings of pension funds will be used to bail out Eskom’s debt obligations. Briefing the South African National Editors’ Forum (Sanef) in Cape Town, Ramaphosa said South Africans "weren’t that good" at saving money and that pension funds were the main sources of money to save Eskom. The national power utility has to repay over R450bn in debt. "You have to go to the source of investments. Where...

France. Macron’s pension reform survives two confidence votes

French President Emmanuel Macron's government has defeated not just one but two no-confidence votes, allowing it to force an overhaul of the retirement system through the lower house of parliament despite months of protests. Thousands of people took to the streets of Paris and other cities the day before the vote to denounce the pension changes, which they fear will oblige people to work longer for less money. Currently the eligibility age for a full pension is 62. As...