July 2019

22Jul

Chile. Reforma previsional: PPD entrega “elementos fundamentales” para negociar con el Gobierno

El presidente del PPD, Heraldo Muñoz, se manifestó "dispuesto" a negociar con el Gobierno su apoyo a la reforma previsional -aprobada esta semana en la Comisión del Traábajo de la Cámara Baja-, siempre y cuando cumpla una serie de condiciones que el partido considera "fundamentales" para mejorar las pensiones. El timonel apuntó que se requiere "una mejora efectiva de las pensiones que hoy día son indignas para la mayoría de la población, y eso significa que tenemos que avanzar...

July 22, 2019
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22Jul

Argentina. En dos décadas, creció 221% la gente que depende del Estado

Todos los meses, el Estado deposita dinero en las cuentas de casi 20 millones de argentinos, convirtiéndose, en la mayoría de los casos, en sostén principal de esas personas. La cifra es 221 por ciento más alta respecto de 2001, año de inflexión en la historia económica de la Argentina. En ese entonces, eran 6,23 millones de argentinos los que recibían ingresos económicos del Estado. Desde entonces, y por diferentes razones –sociales, económicas, culturales y electorales–, esa cuenta no...

July 22, 2019
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22Jul

México. Ahorro voluntario marca nuevo récord en primer semestre

En el primer semestre del 2019, el ahorro voluntario y solidario que hacen los trabajadores que tienen una administradora de fondos para el retiro (afore) creció 25% con respecto al mismo periodo del 2018, de acuerdo con información de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). Las 10 afores que conforman el mercado registraron por este concepto 80,574.7 millones de pesos, un monto récord nunca antes visto desde que nació el sistema, en 1997. Además,...

July 22, 2019
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22Jul

US. What Congress Could Do To Stop a Pension Crisis

A looming retirement crisis is facing the U.S. taxpayer that will become an economic tsunami if Congress doesn’t act. The pensions of 1.3 million workers in certain multiemployer pension plans and the federal government’s Pension Benefit Guaranty Corporation (PBGC) are set to collapse. Only Congress can prevent this from cascading throughout the economy, to taxpayers and into healthy pension plans and their employers. How things spiraled into this crisis is complicated, but important to understand. Some say it’s a...

July 22, 2019
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22Jul

Canada’s pension fund OMERS seeks new green energy deals

Canadian pension fund Ontario Municipal Employees’ Retirement System (OMERS) is scouting for acquisition opportunities in India, in an affirmation of the country’s position as a green energy hot-spot. With net assets of more than $100 billion under management, OMERS has been attracted by the presence of other Canadian investors in India such as Canada Pension Plan Investment Board (CPPIB), Caisse de dépôt et placement du Québec (CDPQ) and Brookfield Asset Management. This comes at a time when India’s emerging...

July 22, 2019
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22Jul

U.K. keeps pressure steady on poorly governed plans

Defined contribution master trusts in the U.K. could see an additional boost in assets as the U.K. Pensions Regulator pressures single-employer plans to step up their governance and investment oversight. The Pensions Regulator has been on a mission to weed out poorly governed defined contribution plans in the U.K. for quite some time. After asking master trusts, also called multiemployer DC plans, to obtain new operating permissions to stay in the market, the number of DC master trusts was...

July 22, 2019
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22Jul

Japan faces long-term challenges despite ruling parties’ election success

The third House of Councillors election since the launch of the second administration of Prime Minister Shinzo Abe has ended. And while Abe's Liberal Democratic Party (LDP) has fewer seats in the upper house than it did before the election, the ruling LDP and its junior coalition partner Komeito managed to maintain the majority in the chamber. One could say that voters indicated a certain measure of support for the long-term administration, which has been in power for 6...

July 22, 2019
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22Jul

China to walk fine line between sustaining growth, pension system

China is attempting to walk a fine line between lowering corporate burdens to boost economic growth and making the country's pension scheme more sustainable amid an aging population. In its latest step, the government vowed to roll out a nationwide pilot program announced in 2017 that transfers stakes in state-owned firms to social security funds. This comes as the 2-trillion-yuan (about 291.55 billion U.S. dollars) reduction of tax burdens and social insurance contributions of enterprises helped lower corporate burdens...

July 22, 2019
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19Jul

EU Pension Law

By Hans Van Meerten EU pension law is a relatively new and rapidly growing field. The call for a broader practical understanding of EU pension law is growing, as pension markets are increasingly internationalized. The handbook EU Pension Law discusses the most important financial EU legislation (IORP and PEPP) and non-financial legislation (such as the Charter of Fundamental Rights of the European Union) and its consequences for pensions. The book contains a collection of relevant articles and offers necessary...

July 19, 2019
Books
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19Jul

Reconstructing Retirement: Work and Welfare in the UK and USA

By David Lain In the United Kingdom, retirement programs are being reconstructed to follow the American practice of abolishing mandatory retirement and increasing state pension ages. This timely book compares prospects for work and retirement at age sixty five-plus in both the United States and the United Kingdom. After exploring the shifting logic behind both nations' policies--policies that increase both the need and opportunities to work past age sixty five--David Lain presents an original comparative statistical analysis on the...

July 19, 2019
Books, Pension design, System Sustainability, , , , ,
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