September 2025

Fuerza de trabajo y envejecimiento poblacional

Este documento presenta proyecciones de la fuerza laboral (o fuerza de trabajo) en Colombia hasta 2070, en el contexto del cambio demográfico y sus implicaciones económicas. Los cálculos se hacen a partir de microdatos de la Gran Encuesta Integrada de Hogares (GEIH), proyecciones poblacionales del DANE y estimaciones de la CEPAL sobre la evolución futura de la fuerza laboral colombiana hasta 2050. Adicionalmente, se consideran escenarios alternativos que incorporan la reciente disminución de la tasa de nacimientos en el...

July 2025

US. Trump could open up your 401(k) to private equity. Why market experts say it’s a bad idea.

The Wall Street Journal reported on Tuesday that Trump is expected to sign an executive order in the coming days allowing 401(k) plans to invest their assets in private equity. It's a proposal that's raising red flags among some investment experts, who say a 401(k) should typically be a simple and relatively low-risk investment vehicle. Private equity investments, meanwhile, are often concentrated in a small number of portfolio companies, illiquid, and carry valuations that can be difficult to measure day-to-day....

México. Cierran las Afore el semestre con plusvalías por 534 mil mdp

En el primer semestre las administradoras de fondos para el retiro (Afore) obtuvieron plusvalías para los trabajadores por 534 mil 180 millones de pesos, una cifra sin precedente para un periodo similar, reveló este martes la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). De acuerdo con cifras del organismo regulador y supervisor, sólo en junio pasado las 10 administradoras que operan en el país consiguieron plusvalías por 82 mil 542 millones de pesos, con lo que lograron...

El Salvador. Gobierno aplaza estudio actuarial pero reforma de pensiones se mantiene para 2026

El acuerdo El Salvador-FMI busca una financiación "adecuada" del sistema de pensiones y diversificación de las inversiones de los ahorros en las AFP. El gobierno pospuso de julio hasta finales de septiembre la publicación de una evaluación actuarial del sistema de pensiones que se utilizará como base para diseñar la próxima reforma de pensiones de El Salvador, según el documento final de la cuarta revisión 2025 del Fondo Monetario Internacional (FMI). Según el informe de revisión publicado el 15 de junio,...

Gobierno cubano aprueba un incremento de pensiones a partir de septiembre

Aunque el Gobierno anunció un aumento a partir de septiembre, la medida ni por asomo garantiza una vida digna a los jubilados, cuyas pensiones seguirán siendo insuficientes incluso con el alza. El primer ministro cubano, Manuel Marrero Cruz, anunció este miércoles ante la Asamblea Nacional del Poder Popular que a partir de septiembre se implementará un incremento de pensiones para los jubilados que actualmente reciben hasta 4,000 pesos mensuales, como parte de una medida parcial que pretende –y difícilmente logre–...

UK. New idea to tax inherited pensions worth £90k-plus floated – instead of imposing inheritance tax

The Government is being urged to slap income tax on inherited pensions worth £90,000-plus instead of making them liable for inheritance tax. Another option is to impose a tax charge at death on unspent pensions worth £150,000, £200,000 or £250,000, according to a finance industry group calling for a radical rethink of inheritance tax changes due in two years' time. Just levying income tax or charges on inherited pensions direct would reduce the burden on grieving families yet still rake in...

Pakistan approves 15 pct increase in EOBI pensions

Pakistan's federal cabinet has approved a 15 percent increase in pensions for beneficiaries of the Employees' Old-Age Benefits Institution (EOBI), according to an official statement issued on Wednesday. The decision was made during a cabinet meeting chaired by Prime Minister Shehbaz Sharif. The increase, effective from Jan. 1, 2025, will be financed through EOBI's own resources, the statement said. The cabinet also approved the formation of a committee to propose institutional reforms within EOBI and explore options to extend pension coverage...

Vietnam updates insurance law with guidance on lump-sum payouts

It also clarifies the entitlement to retirement and survivorship benefits. Vietnam's Government has issued a decree to provide detailed guidance on several provisions of the Law on Social Insurance related to voluntary social insurance. The new decree, Decree 159/2025/ND-CP, took effect on 1 July, replacing Decree 134/2015/ND-CP. Key areas covered include contribution rules, benefit entitlements, and transitional provisions. Specifically, the decree outlines regulations for individuals who do not qualify for pensions or social allowances due to age or contribution conditions; sets...

June 2025

Rising Discount Rates Push Pension Risk Transfer Costs Lower in April

Offloading retiree pension risk to an insurance company became less expensive in April, according to consulting and actuary firm Milliman, which tracks the cost of de–risking pension funds with its Milliman Pension Buyout Index. The firm estimated that in a competitive bidding process, average costs of a pension risk transfer declined to 101.1% of a plan’s accounting liabilities in April from 102.5% in March. At the same time, average annuity purchase costs among all insurers in Milliman’s index decreased to...

May 2025

Should people keep working until later in life?

Working until later in life can help build up a pension, but some people are counting the days until retirement. Data seems to suggest that a 70-year-old in 2022 had the same cognitive function as a 53-year-old back in 2000. It also pointed to improved physical health as a reason why fit and healthy people should be encouraged to work into their 70s. This would go some way towards addressing the ratio of working people to retirees, which has become increasingly...