November 2019

Latin Americans Are Clamoring for Equality — and Democracy

Economic crisis and stagnation have sparked a wave of protest and a demand for more transparency and an efficient welfare state across the region. A sign carried by one of the more than a million Chileans demonstrating on Oct. 25 read: “Neoliberalism was born in Chile; it is dying in Chile.” You’d think the obituary rings true, if you judge not just by protests not just in Chile and Ecuador a few weeks back, but also by election results...

The Tech Behind DC Plan Administration Solutions

As a plan sponsor, you know what entity provides administration services and recordkeeping for your defined contribution (DC) retirement plan—whether it’s a recordkeeping provider or third-party administrator (TPA). But do you know what is behind all of the processing your recordkeeping provider or TPA does? There are a number of technology providers in the retirement plan market that offer certain processes for recordkeepers with their own proprietary or legacy systems, as well as end-to-end recordkeeping for TPAs. According to...

UK. Ex-charity head admits defrauding disabled workers’ pension scheme

The former head of a charity faces a substantial prison sentence after admitting to defrauding a pension scheme for workers with disabilities and using the money to buy houses in England and France. Patrick McLarry, 71, took more than £250,000 from the pension scheme of Yateley Industries for the Disabled and used it to buy homes for himself and his wife and pay off a debt over a pub lease. The Pensions Regulator (TPR), which brought the prosecution, said...

México. Consar sugiere recapacitar sobre requisito mínimo de semanas cotizadas para el retiro

A raíz de que tres cuartas partes de los cuentahabientes del Sistema de Ahorro para el Retiro (SAR) no tendrá derecho a una pensión al llegar a la edad de retiro, la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) sugiere que se recapacite sobre el requisito mínimo de semanas cotizadas, que se hagan adecuaciones a la Pensión Mínima Garantizada y que se integren a los beneficios del SAR la Pensión para el Bienestar de los Adultos...

México Acumula ahorro para el retiro 11 meses de ganancia.

Los recursos para el retiro de los trabajadores mexicanos cumplieron en octubre pasado 11 meses de abonar ganancias consecutivas, este último mes con beneficios de alrededor de 1 por ciento en todas las categorías. De la mano de rendimientos positivos en el mercado accionario local e internacional y de beneficios seguros en el mercado de deuda, las alcancías de los trabajadores obtuvieron en su mayoría rendimientos mensuales ponderados (que significa la repetición de dicho desempeño en los siguientes 11...

Nigeria. Micro pension: Gaining traction amid challenges

While the Contributory Pension Scheme (CPS) has been fully established and to a large extent taken care of workers in the formal sector including public and private establishments, the micro-pension plan for the informal sector came on-board fully this year with a major launch by the Federal Government. Read also Poland Approves Plans to Overhaul Pension System The scheme, which went through the usual teething problem associated with every new programme, has, however, appeared to be taking shape...

Germany. Government agrees on basic pension

Berlin (dpa) - German Labour Minister Hubertus Heil on Monday praised a compromise deal struck by the country's ruling coalition on a new basic pension, saying that it is a good solution. Read also German coalition parties avert government crisis with pension deal "We have a basic pension that is worthy of its name," he told the broadcaster ARD. Heil said that he had been particularly focused on not deterring needy people and on avoiding unnecessary bureaucracy. Read also Switzerland....

Switzerland. Aging in good health: The inequalities are widening

Life expectancy in Switzerland has been growing steadily for decades. But have these additional years been spent in good health or, on the contrary, do they only prolong the ills of an aging population? In an attempt to answer this question, researchers from the University of Geneva (UNIGE), Switzerland, collated data from the Swiss National Cohort (SNC) and the Swiss Health Surveys between 1990 and 2015, all within the framework of the "LIVES" National Centre of Competence in Research...

The Monetary Benefit of Delaying Retirement

As clients get older, they often start to feel obligated to retire. They love working, but they are 65 or older and all their friends are doing it. The traditional concept of retirement is called a “cliff retirement” because it is so abrupt. One day you are working full time, and the next you are recreating full time. However, there are many social and health benefits to delaying retirement and continuing to work. We all need meaning and significance...

Ahorrar para la jubilación, un trabajo pendiente de los millennials

Han crecido bajo la sombra de que, cuando ellos se jubilen, nadie garantiza que el sistema público de pensiones perviva tal y como hoy está concebido. Y siempre han oído que vivirán más que sus padres, serán más longevos. Son muy consciente de ese escenario que les espera, pero les falta reaccionar. Los millennials (nacidos entre 1981 y 1996) aún están a tiempo de comenzar a ahorrar para disfrutar de una jubilación de calidad. En eso tiene mucho que...