February 2020

Greek public sector workers to strike over pension bill on Feb. 18

The civil servants’ union ADEDY has called a 24-hour strike for February 18 in protest at the conservative government’s legislation on pensions which is to go before a vote in Parliament this month. According to ADEDY, the bill perpetuates austerity measures introduced by governments during the crisis years, including auxiliary pension cuts of up to 50 percent. The union is calling for the revocation of all pension cuts imposed during the country’s financial crisis, the return of the so-called...

Ageing and the Elderly in Rwanda – The Missing Voice

By Francis Davis In June the Commonwealth Heads of Government (CHOGM) will meet in Kigali the capital of Rwanda . They have chosen ‘youth’ as their theme. Despite its ferocity the Rwandan genocide remains a closed book to many outside central and East Africa. While the UN dithered and major global newspapers failed to despatch reporters to cover the carnage, 800,000 people were murdered - often by hand - in a few short months. Many in London,...

French strikes pass two-month mark with protest planned for Paris

French unions have called for another national day of protest against the government’s pension reform plan on Thursday - the day the plans come before the French parliament. But, two months in to the social movement, the level of disruption was expected to be low compared to what the country saw in the early days of the social movement. Transport is running almost as normal across the country - even in Paris, which was the area hardest hit by...

Retirement Planning: Why millennials need to start saving early

The young cohort of Indian population - Millennials - must realize the evolving scenario and appreciate the importance of saving early for a better post-retirement life. Globalization, innovation, advances in science and technology — our world is changing rapidly amid these developments. Many of these trends are so impactful that they can be considered megatrends. Changes brought about by such magnitude are already shaping societal constructs, how people lead their daily lives, plan for their future, and, ultimately, prepare...

América central Progreso económico y reformas

Por Dominique Desruelle y Alfred Schipke América Central ha avanzado mucho en la creación de un entorno propicio para el desarrollo de sociedades dinámicas y abiertas. El diálogo político ha sustituido a los conflictos civiles, la transición de poder armoniosa de un gobierno a otro se ha convertido en lo normal y existe un amplio consenso en la importancia de mantener la estabilidad macroeconómica y definir como objetivo prioritario la reducción de la pobreza. Esta nueva situación...

Consensos y conflictos en la política tributaria de América Latina

Por Juan Carlos Gómez Sabaini, Juan Pablo Jiménez, Ricardo Martner Durante los primeros días de septiembre de 1972, en el entonces denominado Distrito Federal de México, se celebró la Tercera Conferencia Interamericana sobre Tributación, organizada conjuntamente por la Organización de los Estados Americanos (OEA), el Banco Interamericano de Desarrollo (BID) y la Comisión Económica para América Latina y el Caribe (CEPAL). Aunque ha pasado mucho tiempo, dicho evento sigue siendo reivindicado por los especialistas más memoriosos como un hito...

Análisis de la actitud financiera personal para la jubilación: un sondeo en España

Por Montserrat Hernández Solís, Gabriela Topa Cantisano,Teresa C. Herrador Alcaide La jubilación es una etapa de la vida en la que cabe esperar recoger los frutos del trabajo realizado previamente, muchos años antes. La situación actual del sistema público de pensiones parece indicar la necesidad de realizar aportaciones personales de carácter privado que puedan complementar el sustento una vez llegada la situación de retiro. El ahorro para la jubilación no es un tema nuevo en otros países, y...

Los dilemas de la seguridad social en México

Por Leonardo Lomelí Vanegas En 2017 se cumplieron los primeros veinte años del sistema de pensiones de capitalización individual previsto en la Ley del Seguro Social aprobada en 1995 por el Congreso de la Unión. A dos décadas de la reforma, no parece que haya mucho que celebrar. De entrada, cabe señalar que no se cumplieron tres de los objetivos más importantes de la reforma: incrementar el ahorro interno, aumentar la cobertura de los sistemas de seguro social contributivo...

FTSE 350 pension deficit increases sharply as UK exits EU

Mercer’s Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies increased from £40bn at the end of December 2019 to £57bn on 31 January. Liability values increased by £34bn to £916bn compared to £882bn at the end of December. The increase was primarily driven by falls in corporate bond yields. Asset values were £859bn (an increase of £17bn compared to the corresponding figure of £842bn at...

Estonia. President not to hold further legal assessment of pension reform bill

President Kersti Kaljulaid is not planning to commission a legal assessment on the government bill to reform the Estonian pensions system, which passed the Riigikogu on January 29. "Over recent months, various parties have been conducting analyses on pension reform, and we do not plan to add to that," the president's communications officer Taavi Linnamäe told ERR. This did not mean the president would not be thoroughly examining the bill, which makes employee contributions to the so-called second pillar of...