January 2023
16Jan

South Africa. Struggle war vets demand R10.5bn payout

The 2 500-strong group of Liberation Struggle War Veterans are resolute in their demand for a one-off payment of R10.5 billion in reparations, amounting to R4.2 million per individual veteran, as part of their submissions on Monday on the proposed military pension legislation. Aside from this, the former soldiers, who fought during apartheid for the freedom of black people in South Africa, are also demanding the government pay a pension of R36 million per annum, which translates into R15 000...

January 16, 2023
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16Jan

US. Retirement legislation to cool off after SECURE 2.0

The retirement industry received some welcome news late last year when lawmakers passed another major bipartisan retirement security package, but industry sources aren't expecting 2023 to yield many more legislative victories when it comes to retirement issues. "Everything that they could find where there was bipartisan agreement made it into this bill," said Michael P. Kreps, Washington-based principal and co-chairman of the retirement services practice at Groom Law Group, about SECURE 2.0, a retirement security bill attached to a $1.7...

January 16, 2023
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13Jan

Towards construction of comprehensive care systems in Latin America and the Caribbean: ELEMENTS FOR IMPLEMENTATION

By ECLAC The Latin American and Caribbean region is experiencing an unprecedented economic and social crisis. The effects of the coronavirus disease (COVID-19) pandemic have spread to all spheres of human life, hurting economies, changing the way we interact, and causing extensive societal changes. The crisis has highlighted and exacerbated structural gaps, deepening pre-existing inequalities and exposing the vulnerabilities of political, economic, and social protection systems. The onset of the crisis magnified the structural challenges of gender inequality, reversing much...

January 13, 2023
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13Jan

2021 ESG Report. Government Pension Investment Fund

 By: Government Pension Investment Fund Government Pension Investment Fund (GPIF) manages and invests Japan’s pension reserve fund, which is used to pay Employee Pension Insurance and National Pensions. We contribute to the stability of the pension system by earning returns on our investments and distributing these to the government ESG is the acronym for Environmental, Social, and Governance. While investors have traditionally used cash flows, profit margins and other quantitative financial data to value a company’s equity or other securities, “ESG...

January 13, 2023
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13Jan

The Effect of Required Minimum Distributions on Intergenerational Transfers

By: Jonathan M. Leganza How do households use retirement savings accounts in retirement? The answer to this question is important for tax policy pertaining to retirement savings. I shed light on this question by studying how households respond to Required Minimum Distribution (RMD) regulations, which mandate withdrawals from retirement accounts upon reaching a specified age. Using data from the Health and Retirement Study and a regression discontinuity design, I estimate the causal effects of aging into RMD regulations. First, I...

January 13, 2023
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13Jan

Long-Term Real Dynamic Investment Planning

By Russell J. Gerrard, Munir Hiabu, Jens Perch Nielsen & Peter Vodička When long-term savers plan for retirement they need to know their investment prospects in terms of real income (Merton, 2014). While inflation has traditionally been considered as a complication in financial analysis and financial practise, we obtain enhanced predictability and model fit if the real returns are targeted in conjunction with earnings-by-price minus inflation as predictor. For this latter case, we propose an investment strategy of updating the...

January 13, 2023
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13Jan

Secure Act 2.0: A Missed Opportunity to Enhance Retirement Equity

By Albert Feuer SECURE Act 2.0, which was enacted on December 29, 2022, represents a missed opportunity to enhance retirement equity. The Act’s 92 provisions provide small new tax incentives to those American workers struggling to save for a comfortable retirement, larger tax incentives to those with few retirement concerns, more complex retirement tax rules, and weaken compliance rules that are primarily applicable to those with few retirement concerns. Source @Papers

January 13, 2023
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13Jan

Colombia. Envejecimiento de la población, entre los mayores desafíos de reforma pensional

Según el informe de la Federación Internacional de Administradoras de Fondos de Pensiones, el actual contexto mundial le está imponiendo un reto a los países y sus distintos sistemas pensionales, los cuales deben ajustarse a esas nuevas circunstancias, en las que las expectativas de vida continúan aumentando, mientras avanza el proceso de envejecimiento de la población. Cifras del sistema indican que solo en Colombia hay unas 7,3 millones de personas mayores de 60 años en la actualidad, pero en tan...

January 13, 2023
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13Jan

El Salvador. Pensionados comenzarán a aportar de nuevo para AFP

La nueva ley de pensiones establece que este nuevo aporte que va a sus cuentas individuales de ahorro les debe ser devuelto cada año, pero no así el 6 % que va para la cuenta solidaria. Modificaciones La reforma de pensiones acaba de entrar en vigencia en El Salvador. El BCR emitió varias normas relacionadas | Foto: archivo EE Quienes ya se jubilaron y ya gozan de una pensión, pero siguen trabajando, van a comenzar a experimentar descuentos en sus ingresos...

January 13, 2023
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13Jan

UN report calls for re-thinking social protection as the world ages

The World Social Report 2023 calls for concrete measures to support the greying global population, amidst escalating pension and healthcare costs. Population ageing is a defining global trend of our time, according to the study, published by the UN Department of Economic and Social Affairs (DESA). Countries can reap the benefits by giving everyone the chance to grow older in good health by promoting equal opportunities from birth. “Together, we can address today’s inequalities for the benefit of tomorrow’s generations, managing the...

January 13, 2023
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