On the plane to a family Thanksgiving a nice seatmate asked what kind of work I do (as she watched me struggle with a spreadsheet). I brightly told her I am an economics professor working to expand pensions to solve the retirement crises. She looked at me blankly and said, "I'm Canadian, we don't have these problems. That stopped me short. Really? Canada? Has the friendly nation to the north figured it out? Canada has been described, in jest of course,...
Right-wing President-elect Jair Bolsonaro said on Tuesday he plans to tackle the overhaul of Brazil's fiscally burdensome pension system with piecemeal reforms that can pass Congress, starting with an increase in the minimum age of retirement. He said reforms should start with the public social security system and advance gradually to make sure they pass Congress. ”The idea is to start with the (minimum) age, attack the privileges and take it forward,“ Bolsonaro said at a news conference, warning that...
There is need to review the pensions law to ensure what retirees are paid reflects prevailing cost of living, Labour and Social Protection CS Ukur Yatani has said. "In pursuit of your association's objectives, working in close collaboration with your representatives, my ministry has developed a memorandum that will be submitted to the Cabinet soon for consideration and necessary action,” said Mr Yatani during the annual general meeting of Kenya Association of Retired Officers (KARO). The memorandum highlights, among others,...
The golden years look very different depending on where in the world you are, and, increasingly, which generation you are in. Aging populations and decreasing birthrates are spurring countries across the globe to reassess how retirement works — and what needs to change in order to extend the benefits available today to future retirees. Many are not optimistic. Nearly half of those surveyed in a recent report by the Aegon Center for Longevity and Retirement say future generations would be...
By Maria Donovan Fitzpatrick For many people, working after beginning retirement benefit collection is a way to enhance financial security by increasing income. Existing research has shown that retirees are sensitive to the Social Security earnings test, which restricts the amount of earnings some beneficiaries can receive. However, little is known about the effects of other types of policies on post-retirement employment. Instead of restricting earnings, many public pension plans restrict the number of hours beneficiaries can work. I use...
Más sobre este tema OCDE. Perspectivas de Pensiones 2018 México pagará las peores pensiones del mundo: OCDE La OCDE pide a España más ajustes con las pensiones Comparándolo con el aplicado por Nueva Zelandia, el informe “Perspectivas de Pensiones de la OCDE 2018” criticó el sistema de licitaciones para los nuevos afiliados en Chile, que se creó a partir de la Reforma Previsional de 2008. El documento, que se emite justo en el marco de la discusión de la reforma previsional...
Más sobre este tema OCDE. Perspectivas de Pensiones 2018 México pagará las peores pensiones del mundo: OCDE Chile. OCDE cuestiona sistema de licitación de AFP para nuevos afiliados y grafica sus deficiencias con Planvital La OCDE pide acompasar las pensiones a los recursos con mecanismos como limitar las pensiones de viudedad y vincular la jubilación a la esperanza de vida. La Organización para el Desarrollo y la Cooperación Económica (OCDE) pide mecanismos automáticos para ajustar las pensiones a los recursos. En...
Según la SBS, el proyecto de norma establece que los planes que decidan ofrecer las AFP serán un esquema de bonificación fijado por esta. Con el objetivo de promover una mayor competencia en el Sistema Privado de Pensiones (SPP), la Superintendencia de Banca, Seguros y AFP (SBS) ha publicado un proyecto normativo que permite a las AFP ofrecer planes de descuento en las comisiones por administración que cobran a sus afiliados, en función al tiempo de permanencia o regularidad de...
People remain slow to trust pension promises, a new OECD report has found. Low investment returns on pension savings, less stable employment structures, low economic growth and the fact that people are living longer have all eroded belief that pensions “will deliver on their promises once workers reach retirement age”, the OECD Pensions Outlook 2018 reports. Poor pension coverage among some workers has also contributed to this scepticism. “People are also concerned about whether the institutions managing their retirement savings in funded...
CPPIB holds $6.1m in investments in Geo Group, a firm that runs US detention facilities under Trump’s immigration crackdown A controversial investment by one of Canada’s biggest pension funds in a company which operates private prisons in the United States is larger than initially thought, recent securities filings have revealed. The Guardian and Documented reported last month that the Canada Pension Plan Investment Board (CPPIB) – which manages $366.6bn in pension funds on behalf of some 20 million Canadian retirees –...
