January 2023
10Jan

EEUU. Nueva asistencia federal para la jubilación de quienes trabajan por cuenta propia

La nueva ley – Secure 2.0 Act – provee contribuciones directas a los ahorros de retiro para trabajadores de ingresos moderados y bajos, pero no comenzará hasta 2027. Los trabajadores de la denominada gig economy – personas empleadas a corto plazo o por cuenta propia – no mantienen ahorros para el retiro similares a los de los empleados en puestos tradicionales de trabajo.  Parte de una nueva ley federal podría ayudarles a equiparar la diferencia. Según una encuesta de Pew Charitable...

January 10, 2023
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10Jan

España. Este es el nuevo esquema de penalizaciones para las jubilaciones anticipadas

La primera fase de la reforma de pensiones entró en vigor el pasado 1 de enero. Entre varias cuestiones, se incluía un nuevo esquema de penalizaciones para las jubilaciones anticipadas voluntarias y forzosas. Este nuevo diseño, impulsado por el ministro de Seguridad Social José Luis Escrivá, aplica dos novedades. La primera es que los recortes pasan a aplicarse por cada mes de adelanto de la jubilación, en lugar de cada trimestre; y ahora son graduales en el tiempo, de forma que...

January 10, 2023
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10Jan

Life expectancy in the U.S. has declined. What does that mean for your retirement?

Last month the Centers for Disease Control and Prevention (CDC) released its most recent U.S. life expectancy estimates, and sadly, the report found that, once again, Americans’ average number of years remaining have fallen. As reported recently, life expectancy at birth is now 76.4 years (as of 2021), down from 77 a year earlier. This is a drop of approximately 7 months over a one-year period, which takes life expectancy back almost a quarter-century to 1996. This decline is certainly...

January 10, 2023
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10Jan

UK. The key legal issues for pension schemes in 2023

After what proved to be an eventful year for schemes in 2022, top pension lawyers speak to Jasmine Urquhart about what they think will be some of the key legal and regulatory issues during the year ahead. Pensions dashboards At the top of the list for many lawyers consulted was the forthcoming introduction of pensions dashboards. As well as connecting to dashboards by their staging deadline, schemes must act on ‘find requests' and ‘view requests' relating to individuals, and provide members...

January 10, 2023
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10Jan

The Problem in An Aging Society is Income Distribution

The New York Times had a major article reporting on how many people in South Korea, Hong Kong, and Japan are being forced to work well into their seventies because they lack sufficient income to retire. The piece presents this as a problem of aging societies, which will soon hit the United States and other rich countries with declining birth rates and limited immigration. While the plight of the older workers discussed in the article is a real problem, the...

January 10, 2023
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10Jan

The 30-year battle to reform France’s pension system

President Emmanuel Macron plans Tuesday to defy threats of mass protests in launching yet another bid to reform France’s debt-ridden pension system by forcing the French to work longer. In 2019, his attempt to replace dozens of separate regimes with a single points-based system and to push back the age for a full pension from 62 to 64 sparked the longest transport strike in decades. AFP looks back at the 30-year battle by various French governments of the left and right...

January 10, 2023
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09Jan

México. A 3 de cada 4 solicitantes les niegan la pensión, pese a reforma

La reforma a la Ley del Sistema de Ahorro para el Retiro impulsada por el gobierno flexibilizó algunos requisitos para que más personas pudieran acceder a una pensión al momento del retiro; no obstante, datos oficiales revelan que, pese a ella, alrededor de 139 mil 500 trabajadores, tres de cada cuatro de quienes hicieron su solicitud, recibieron una negativa de pensión, lo cual significa que una vez concluida su vida laboral no tendrán ingresos propios. El primero de enero de...

January 9, 2023
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09Jan

España. Estos son los cambios en las pensiones de jubilación en 2023

Con la llegada del nuevo año el sistema de pensiones español ha experimentado varias modificaciones que afectan a distintas materias. Estos cambios ya han entrado en vigor y tienen su origen en las reformas aprobadas en la última década para hacer más sostenible dicho sistema de pensiones, especialmente con la llegada de las jubilaciones de la generación del 'baby boom'. Las pensiones contributivas de jubilación, el grueso de este tipo de prestaciones (6,28 de los 9,93 millones que se abonan...

January 9, 2023
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09Jan

Bracing for the silver tsunami

Since 2011, sales of adult diapers in Japan have outpaced those for infants, reflecting a decline in the country’s fertility rate (live births per woman) from 3.66 in 1950 to around 1.5 by the early 1990s. Since then, Japanese fertility has remained stuck far below the “replacement rate” (2.1), amounting to a mere 1.3 in 2021. And geriatric Japan is not alone. Fertility rates have also dropped below the replacement level in all eurozone countries, and they are strikingly low...

January 9, 2023
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09Jan

How world’s biggest funds are preparing for a cash crunch

In a year of disease, war and inflation, one event struck fear into the heads of Australia’s super funds more than any other. That was October’s UK pension crisis which, had it not been for the intervention of the Bank of England, would have rendered many pension funds insolvent. While most Australian super funds would say they think deeply about ensuring they are never caught without enough emergency cash, that episode brought home just how quickly a liquidity crisis can evolve. The...

January 9, 2023
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