August 2025
20Aug

US. Multiemployer Pensions Reach Historic Full Funding Status

U.S. defined benefit multiemployer pensions have been fully funded for the first time in the history of Millman’s Multiemployer Pension Funding Study, the firm reported today. The funding level improved by three percentage points, up from 97% as of December 31, 2024, to 100% as of June 30, an all-time high since the inception of the study in 2007. Milliman’s data are based on standard actuarial assumptions and data in the latest Form 5500 filings from all U.S. multiemployer plans. The funding shortfall...

August 20, 2025
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20Aug

Asia’s elderly risk getting sicker for longer. Hotelier Allen Law wants to ‘bridge the gap’ between lifespan and healthspan

Residents of developed Asian economies, like Singapore, Japan, Hong Kong, and South Korea, consistently top the rankings of places with the world’s longest lifespans. Singapore, for example, boasts an average life expectancy of 86.7 years, putting it at No. 2 behind Monaco, according to the CIA’s world factbook. Yet long lifespans come with a drawback: An extended period of ill-health or disability. Singapore’s average health span—the length of time where someone is deemed to be in good health—is 75 years, as noted...

August 20, 2025
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19Aug

México. Ahorros administrados por las afores han crecido 75% en los últimos cinco años

Los ahorros administrados por las afores han crecido 75% de 2020 a la fecha, gracias a la reforma del 2020 que ha ido incrementando paulatinamente las aportaciones obligatorias a las cuentas de ahorro para el retiro de los trabajadores. En julio del 2020, antes de que entrara en vigor la reforma, las afores administraban 4.31 billones de pesos, lo que representaba 19.3% del Producto Interno Bruto Nacional (PIB) en ese entonces. Mientras que ahora en julio del 2025, las afores administran...

August 19, 2025
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19Aug

Colombia. Fondo de ahorro de la reforma pensional: lo que le preocupa al mercado de capitales

Jonathan Malagón, presidente de Asobancaria, aseguró que hay dos temas que tienen el potencial de limitar el desarrollo del mercado de capitales colombiano: el deterioro fiscal y la reglamentación del fondo de ahorro que crea la reforma pensional. Expertos, gremios y centros de investigación han mencionado sus preocupaciones en el frente fiscal. Malagón dijo que el desbalance para este año “puede llegar a ser de más de 7 puntos del PIB y llevar el endeudamiento de Colombia a los peligrosos...

August 19, 2025
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19Aug

Perú. Retiro ONP 2025: proponen entrega de S/ 21,400 y aumento de pensiones; esto dice el proyecto

Un respiro económico podría llegar para miles de familias peruanas. El congresista Darwin Espinoza presentó un proyecto de ley que busca permitir el retiro extraordinario de hasta 4 UIT (S/ 21,400) de los aportes en la ONP y, además, incrementar las pensiones mínimas, medidas que apuntan a mejorar la calidad de vida de los jubilados ¿Cómo sería el retiro ONP de 21,400? De aprobarse en el Congreso, el retiro aplicaría tanto para aportantes activos como para exaportantes que nunca accedieron a una pensión. El procedimiento...

August 19, 2025
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19Aug

Paraguay. Ante gran déficit de la Caja Fiscal coinciden en la necesidad de una reforma estructural que permita sostenibilidad

 La “Comisión Especial para el Estudio de la Situación Financiera y la Sostenibilidad del Sistema de Jubilaciones y Pensiones del Sector Público”, presidida por el diputado Edgar Olmedo (ANR-Caaguazú), mantuvo una reunión con el viceministro de Economía y Planificación, Felipe González, y equipo técnico. Fueron temas de análisis, en esta ocasión: los sistemas previsionales públicos; el comparativo de reformas pensionarias en la región; y las perspectivas de sostenibilidad para la Caja Fiscal. El informe presentado por el viceministro González señala que...

August 19, 2025
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19Aug

US. New Portable Benefits Bill Aims To Help Gig Workers, But Worker Classification Still Matters

Senator Bill Cassidy (R- IL) uncovered the Unlocking Benefits for Independent Workers Act to prevent gig worker misclassification. Under this legislation, companies will be able to voluntarily offer portable benefits without employing gig workers and having to pay for unemployment insurance, overtime pay, and workers' compensation. For some time, there has been a disagreement between labor advocates and large companies like Uber or Lyft over portable benefits. Gig workers have been advocating for worker protections, while larger companies have fought back, deeming them...

August 19, 2025
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19Aug

UK. Time for a course correction: How pension sustainability reporting must evolve

In June, the Department for Work and Pensions launched a consultation on UK sustainability reporting standards and corporate disclosure requirements – adding it would also consider whether to update the current rules for pension schemes. In this article, Tegs Harding takes a look at the current TCFD framework and asks how it could be improved. There's no doubt that the introduction of the Taskforce on Climate-Related Financial Disclosures (TCFD) regime was a milestone; It pushed climate risk onto trustee agendas...

August 19, 2025
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19Aug

Big tax changes for these retirement funds in South Africa

South Africans with foreign retirement funds and foreign nationals who become South African tax residents face a major shift from 1 March 2026. This follows a proposal from the National Treasury, which wants to scrap the current exemption and give SARS taxing rights over foreign retirement income. This was explained by Tax Consulting SA’s cross-border taxation legal manager, Delano Abdoll, and team lead, John-Paul Fraser. Abdoll and Fraser stressed that retirement planning is a crucial financial component for South African expatriates and...

August 19, 2025
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19Aug

US. Working longer to afford retirement is a risky plan, economists say — but some employees are counting on it

As Americans live longer and worry about outlasting their money in retirement, a growing number are counting on one strategy for their future financial security: working longer. Roughly 70% of U.S. workers who haven’t retired yet have considered pushing back their retirement date, according to a recent survey from F&G, an insurance company. Nearly half of the 2,000 adults surveyed said they’re afraid they won’t have enough money to retire. Some people have gone beyond considering the strategy. “Two in 10 workers adjusted their target retirement age...

August 19, 2025
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