May 2019

13May

Bermuda. Retirement age under review

The retirement age should be increased to 70 over a ten-year period, a Labour Advisory Committee report recommended yesterday. The report, tabled in the House of Assembly, said Bermuda’s ageing population had put pressure on pension plans and public sector finances. It also recommended that legislation should be amended or introduced to prevent discrimination against older employees and that a toolkit to help people prepare for retirement should be created. An LAC sub-committee compiled the Reviewing the Retirement Age...

May 13, 2019
News, Slider,
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10May

Aging Well: Solutions to the Most Pressing Global Challenges of Aging (English Edition)

By Jean Galiana, William A. Haseltine This open access book outlines the challenges of supporting the health and wellbeing of older adults around the world and offers examples of solutions designed by stakeholders, healthcare providers, and public, private and nonprofit organizations in the United States. The solutions presented address challenges including: providing person-centered long-term care, making palliative care accessible in all healthcare settings and the home, enabling aging-in-place, financing long-term care, improving care coordination and access to care,...

May 10, 2019
Aging, Books, Labor Market, ,
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10May

Aging in Sub-Saharan Africa: Recommendations for Furthering Research (English Edition)

By por National Research Council, Division of Behavioral and Social Sciences and Education, Committee on Population, Panel on Policy Research and Data Needs to Meet the Challenge of Aging in Africa In sub-Saharan Africa, older people make up a relatively small fraction of the total population and are supported primarily by family and other kinship networks. They have traditionally been viewed as repositories of information and wisdom, and are critical pillars of the community but as the HIV/AIDS pandemic...

May 10, 2019
Aging, Books, Labor Market, ,
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10May

How Financial Literacy Impacts Retirement Savings: The Role of Present Bias and Exponential Growth Bias

By Kanin Anantanasuwong Lack of saving for retirement is a major issue, especially in soon-to-be ageing societies. In this paper we examine the impact of financial literacy on retirement savings, as well as its effect on present bias and exponential growth bias, which have been identified as detrimental to savings in previous studies. We find that better financial literacy is related with a more accurate perception of exponential growth, which stimulates retirement savings. In addition, financially literate individuals are...

May 10, 2019
Articles, Savings, ,
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10May

Retirement Choices by State and Local Public Sector Employees: The Role of Eligibility and Financial Incentives

Por Leslie E. Papke I analyze the effects of state public pension parameters on the retirement of public employees. Using a panel data set of public sector workers from 12 waves of the Health and Retirement Study, I model the probability of retirement as a function of pension wealth at early and normal retirement eligibility and Social Security coverage in the public sector job. I find that becoming eligible for early retirement, or receiving an early-out offer, significantly increases the...

May 10, 2019
Articles, Pension design,
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10May

Financial Literacy and Saving for Retirement among Kenyan Households

By Teresa Schützeichel In this paper I examine financial literacy and saving for retirement in Kenya using the household survey of 2016 from FinAccess Kenya. I use probit regressions to determine the effect financial literacy has on individuals saving regularly as well as saving for retirement. My findings show that households with higher levels of financial literacy will tend to have a higher likelihood to save on a regular basis and subsequently save for retirement. I find that women, the...

May 10, 2019
Articles, Pension design, Savings, , ,
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10May

México. Retiros de Afore por desempleo tocan niveles sin precedentes

Lee también México. Contraproducente, hacer uso del apoyo de desempleo de afores El monto retirado de las administradoras de fondos para el retiro (Afores) por desempleo ascendió a dos mil 597 millones de pesos al cierre del primer trimestre del 2019, lo que representó una cifra sin precedente para un periodo similar desde que la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) da a conocer el dato desde el 2005. Cifras de la Consar revelan que el...

May 10, 2019
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10May

España. La justicia europea avisa de que el cálculo de pensiones a tiempo parcial en España puede ser sexista

La estadística tiene como fin cuantificar la realidad para actuar en consecuencia. Y esto es precisamente lo que el Tribunal de Justicia de la Unión Europea (TJUE) pide que hagan los tribunales españoles con el cálculo de la pensión de jubilación de trabajadores a tiempo parcial. La Corte de Luxemburgo ha sentenciado que el sistema español es ilegal si se demuestra que “perjudica en particular a las trabajadoras respecto de los trabajadores de sexo masculino”. Es decir, si es...

May 10, 2019
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10May

México. Marchan académicos y empleados por fondo de pensiones en Sonora

Cientos de agremiados a los sindicatos de empleados y académicos -STAUS y STEUS- de la Universidad de Sonora, marcharon hoy por las calles para exigir transparencia en el fondo de pensiones, una jubilación integral y mejores servicios del Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado de Sonora (Isssteson). El Secretario General del Sindicato de Trabajadores Académicos de la Universidad de Sonora (STAUS), Cuauhtémoc González Cárdenas, que ha exigido la destitución del director del Isssteson, Pedro...

May 10, 2019
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10May

Perú. SBS redujo a la mitad el plazo para cambiar de fondo de pensiones de las AFP

La Superintendencia de Banca, Seguros y AFP (SBS) aprobó reducir a la mitad el plazo que tienen los afiliados del Sistema Privado de Pensiones (SPP) para cambiar sus ahorros jubilatorios de un fondo a otro, bajo su responsabilidad. Como se conoce, en el Sistema Privado de Pensiones (SPP) existen actualmente cuatro fondos: fondo 0, fondo 1, fondo 2 y fondo 3. De los 7'131,902 afiliados a una de las cuatro AFP que opera en el mercado local (Prima, Profuturo,...

May 10, 2019
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