admin, Author at Pension Policy International

19JanJanuary 19, 2023

France comes to standstill in strike over pension reform

Trains ground to a halt in France on Thursday, schools were shut and refinery shipments blocked as workers walked off their jobs in an attempt to derail the government’s plans to raise the retirement age by two years to 64. The nationwide day of strikes and protests is a major test for President Emmanuel Macron, who says his flagship reform, which opinion polls show is very unpopular, is vital to ensure the pension system does not go bankrupt. The challenge for...

January 19, 2023

NewsFrance, Pension Reform

19JanJanuary 19, 2023

These 2 states account for a third of America’s public-sector pension crisis

Step forward, California and Illinois! Your state and local pension funds are so badly funded that you two states, alone, account for about one-third of the entire U.S. pension-fund crisis. California’s public-sector pensions have a staggering accounting hole of $274 billion, according to the latest report from the Equable Institute think tank. Illinois public-sector pensions are in the hole to the sum of $210 billion — and you could argue that is even more remarkable because Illinois, the U.S.’s sixth most...

January 19, 2023

NewsFunding, US

19JanJanuary 19, 2023

Colombia. A fight is open to raise the retirement age in the pension reform

It is expected that this year the Government will present several of the reforms with which it is intended to carry out the road map of President Gustavo Petro. In addition to labor, health and justice, one of the ones that most generates expectations is the pension reform. In the last few hours, a discussion on the pension issue broke out again. This time due to the statements made by Minister José Antonio Ocampo to the regional media, in which...

January 19, 2023

NewsColombia, Pension Reform, Retirement Age

19JanJanuary 19, 2023

4 largest asset managers diverge on ESG voting – ShareAction report

The world's four largest asset managers — BlackRock, Vanguard Group, Fidelity Investments and State Street Global Advisors — voted for fewer environmental and social resolutions in 2022 than the previous year, according to research published Tuesday by shareholder advocacy group ShareAction. The four managers supported 20% of environmental or social resolutions in 2022, down from 32% in 2021 and noticeably lower than the voting recommendations of proxy-voting advisers Institutional Shareholder Services and Glass Lewis, ShareAction found. ShareAction also found that members...

January 19, 2023

NewsESG, Investment

19JanJanuary 19, 2023

Ireland. Fears Pensions Gender Gap Will Worsen

Proposals by the Government for an auto-enrolment pension scheme will leave women worse off and "widen the pensions gender gap", an Oireachtas committee will be warned today. The scheme is designed to tackle Ireland's severely low pension coverage rates, with only one in three private sector workers signed up to a retirement savings scheme. Under the proposals, for every €3 saved by a worker, the Government will add another €1 - with employers also matching contributions of up to 6% of...

January 19, 2023

NewsGender Gap, Ireland

18JanJanuary 18, 2023

México. Venta de Banamex: Mifel y Grupo México, sin experiencia en Afore y seguros: Moody’s

Ante la última etapa para concretar la venta de Banamex por parte de Citigroup en México, la agencia calificadora Moody's destacó las limitantes que tienen los dos contendientes: Grupo México y Banca Mifel en temas de seguros y gestión de las Afore. La calificadora explicó que los dos grupos que siguen pujando son nuevos participantes en estos sectores, por lo que retener el personal clave será clave para mantener ambos negocios. "La falta de unidades operativas en ahorro para el retiro,...

January 18, 2023

Noticias, NoticiasAdministración de Pensiones, Mexico

18JanJanuary 18, 2023

Edad pensional en Colombia es una de las más bajas en Latinoamérica

Las pensiones en Colombia nuevamente están en medio de la discusión nacional. Las declaraciones del presidente, Gustavo Petro y el ministro de hacienda, José Antonio Ocampo, sobre modificar la edad para las jubilaciones, junto a lo que sería la reforma en esta materia, han levantado diversas voces a favor y en contra de sus posturas. En ese sentido, un comparativo asegura que la edad para alcanzar este beneficio es menor que la presentada en las naciones miembro de la Organización...

January 18, 2023

Noticias, NoticiasColombia, Edad de retiro, Reforma de Pensiones

18JanJanuary 18, 2023

Chile. Gobierno presentó nuevo estudio de tasas de reemplazo de la reforma previsional con impactos de PGU

Un nuevo informe de tasas de reemplazo (TR), indicador que se refiere al monto de las pensiones como porcentaje de las últimas remuneraciones de los trabajadores, fue presentado ayer por el Gobierno en la comisión de Trabajo de la Cámara de Diputados, levantando nuevamente el debate sobre las metas del Ejecutivo en esta materia. Los nuevos ejercicios explicados por el ministro de Hacienda, Mario Marcel, consideraron el impacto de la PGU en su nivel actual ($ 194 mil) y elevada...

January 18, 2023

Noticias, NoticiasChile, Reforma de Pensiones, Tasa de reemplazo

18JanJanuary 18, 2023

U.S. State, Local Public Pensions Saw Funding Statuses Fall in 2022

The national average funded ratio for U.S. state and local public pension plans is estimated to have declined from 83.9% in 2021 to 77.3% in 2022, once all public pensions release their 2022 data, according to a recently released end-of-year report on public pensions from the Equable Institute. Equable used figures from 76.4% of the 225 retirement systems with available data that reported preliminary investment returns for their full fiscal 2022 to inform the prediction. The remaining plans with available...

January 18, 2023

NewsFunding, Public Pensions, US

18JanJanuary 18, 2023

South Africa. PIC refutes government pension fund insolvency claims

The Public Investment Corporation (PIC), which manages over R2 trillion in funds, is refuting claims circulating on social media that the Government Employee Pension Fund (GEPF) is facing insolvency risks, as a result of an alleged £158 billion (R3.3 trillion) legal claim against its portfolio of assets. According to a PIC statement released on Monday, ‘Nedbank Private Wealth’, a Nedbank subsidiary previously affiliated with insurer Old Mutual, is alleged to have engaged in “bad business practices” in the UK and...

January 18, 2023

NewsPension Management, South Africa

January 2023