Most people look forward to retirement, a reward for decades of hard work. But like many other pleasures, it may be bad for your health. It may even kill you. How can that be? How can working longer be good for your health? After all, many people dream of—and plan for—retiring early. Strenuous, stressful work can wear people down and damage their health. On the other hand, retirees can relax and reinvigorate themselves. They have time to follow their...
The Commission for the Constitution and Justice (CCJ) of the Chamber of Deputies will resume this Tuesday (April 23rd) the examination of the rapporteur’s opinion, Delegate Marcelo Freitas (PSL-MG), on pension reform. Pressed by parties of the ruling base, the parliamentarian may present a complementation. “What we are trying to work on is the construction of a consensus that allows us to discuss a final text that serves the interests of Brazilian society without dismissing the text proposed by...
With a budget light on details, federal government has an opportunity to protect pensioners Pension protection for Canadians is long overdue. When a company becomes insolvent and its pension is underfunded, pensioners are powerless to intervene and secure their pensions. Sears, Nortel and other corporate pensioners experienced sharp reductions in their annual pension income after those companies failed. In March of this year, Imperial Tobacco filed for protection under the Companies’ Creditors Arrangement Act (CCAA). Yet another group of...
The Minister of Finance of the Chilean government Felipe Larraín announced the introduction of a bill regulating cryptocurrencies and fintech to Congress, Cointelegraph Spain reported on April 15. During his recent stay in the United States, Larraín reportedly noted that the requirements introduced by the new regulation will be proportional to businesses. He explained that the rules will take into account that various companies have different business models, and deliver different services that imply different risks for the users...
By Xiaochun Yun, Weiping Wen, Bo Lang, Hanbing Yan, Li Ding, Jia Li, Yu Zhou This open access book constitutes the refereed proceedings of the 15th International Annual Conference on Cyber Security, CNCERT 2018, held in Beijing, China, in August 2018. The 14 full papers presented were carefully reviewed and selected from 53 submissions. The papers cover the following topics: emergency response, mobile internet security, IoT security, cloud security, threat intelligence analysis, vulnerability, artificial intelligence security, IPv6 risk research, cybersecurity...
By Vikram Dhillon, John Bass, Max Hooper, David Metcalf, Alex Cahana Blockchain technology is poised to revolutionize more than just payment and crypto-currency. Many vertical industries will be reshaped by the new trusted data models enabled and inspired by the blockchain - healthcare is no exception. In fact, healthcare may hold the greatest opportunities for meaningful use of the technology. Early pioneers have explored some of the first use cases for medical payments, electronic health records, HIPAA/data privacy, drug counterfeiting,...
By Ilja Boelaars (University of Chicago) & Dirk Broeders (De Nederlandsche Bank; Maastricht University) This paper examines the allocation of market risk in a general class of collective pension arrangements: Collective Defined Contribution (CDC) schemes. In a CDC scheme participants collectively share funding risk through benefit level adjustments. There is a concern that, if not well designed, CDC schemes are unfair and will lead to an unintended redistribution of wealth between participants and, in particular, between generations. We define a...
By Yoshimi Adachi (Konan University - Department of Economics) & Tomoki Kitamura (Tohoku Gakuin University; NLI Research Institute, Finance Research Group) In the context of limited local government resources, it is often targeted to secure financial resources for social security expenditures for the aging society and upkeep expenditures against the aging of public infrastructure facilities. This paper examines whether transfers from general accounts to special accounts and public enterprise accounts have a significant impact on the financial burden of local...
By Han Ye (University of Mannheim; IZA) I estimate the effect of additional pension benefits on women’s retirement decisions by examining a German pension subsidy program for low-pay workers. The subsidies have a kinked relationship with the recipients’ past contributions, creating a sharply different slope of benefits for similar women on either side of the kink point. I find that a 100 euro increase in the monthly benefit induces female recipients to claim their pensions eight months earlier. A back-of-the-envelope...
Inácio Geraldo tiene 70 años y regenta un bazar en la ciudad brasileña de Nova Petrópolis. Se jubiló a los 55, tras haber cotizado durante casi cuatro décadas, pero nunca se le pasó por la cabeza dejar de trabajar. “Tengo ganas de seguir [trabajando] todo lo que pueda. Uno no puede vivir solo de la jubilación, por eso sigo guardando un dinerito para cuando ya no pueda continuar con la tienda”, dice. Esta ciudad de Río Grande del Sur, en el sur...
