January 2025

Survey Shows 36% of Moroccans Without Retirement Plans

A recent survey by market research group Sunergia delves into the realities of retirement in Morocco, showing alarming gaps and persistent inequalities. While retirement became a growing concern for many Moroccans, the findings point to a system that struggles to meet everyone's needs. Access to primary retirement plans According to the survey, 59% of Moroccans benefit from retirement plans provided by their employers, while only 5% secure coverage independently. Informal sector workers and retirees from private companies represent the largest share of those...

Japan to have more part-timers join employee pension program

Japan plans to have a wider range of part-time workers join the kosei nenkin employee pension program by changing some rules, sources have said. Currently, companies with 51 or more employees must have their part-time workers join the kosei nenkin program, which pays benefits on top of those paid under the basic pension program providing universal coverage. The government plans to lower the corporate size threshold to 21 employees in October 2027 and scrap it two years later. The government sees the need to...

México. Las Afores obtuvieron rendimientos por más de 556,700 mdp en 2024

Durante 2024 las Afores lograron rendimientos por 556,758 millones de pesos, de acuerdo con información de la Comisión Nacional del sistema de Ahorro para el Retiro (Consar). Dicho monto, es “el mejor resultado para un año en los 27 años del sistema”, informó la Consar en un comunicado. Durante el año pasado los recursos del sistema de ahorro para el retiro (SAR) llegaron a 6.8 billones de pesos (20.3% del PIB del país), producto de que las aportaciones al ahorro para...

Chile. Reforma previsional: aprueban alza del aporte del empleador y la creación del seguro social

La Comisión de Trabajo del Senado continuó su trabajo de aprobar las indicaciones consensuadas, entre el gobierno del Presidente Gabriel Boric y los senadores de Chile Vamos, por la reforma previsional. En la instancia se votaron materias relacionadas con el aporte del empleador para la seguridad social de los trabajadores y las indicaciones que tenían que ver con el seguro social previsional. “Aquí se ha aprobado la parte más importante. Este mecanismo de seguridad social es el que va a...

Colombia. ¿Los trabajadores independientes también deben elegir un fondo de pensión ACCAI?

Las Administradoras del Componente Complementario de Ahorro Individual (Accai) son una parte importante de la reforma pensional en Colombia, que empezará a implementarse en julio del 2025. Estas entidades gestionarán los ahorros complementarios de los trabajadores que superen ciertos umbrales de ingreso, sustituyendo en parte a las administradoras de fondos privados de pensiones (AFP). Es importante destacar que a partir del 1 de julio de 2025, los trabajadores que ganen más de 2,3 salarios mínimos ($3.274.050 en 2025) deben destinar el excedente...

Pension crises ‘will start to bite’ over next decade, WEF risk report finds

Pension crises “will start to bite” over the next decade in super-ageing societies, according to the World Economic Forum’s (WEF) Global Risks Report 2025. Super-ageing societies feature as a key theme in this year’s edition, which is linked to risks such as inequality and societal polarisation. A super-ageing society is when over 20 per cent of a country’s population is over 65 years old. Several countries have already exceeded that mark, such as Japan, Italy and Germany. However, many more countries across...

An Older America Will Be Less Prosperous, But We Don’t Have To Get Old

America is getting older. Between 1980 and 2022, the median age increased from 30 to 39. An older population will impact the country in a variety of ways, some more obvious than others. One likely yet underappreciated impact will be less entrepreneurship. A new study by Rui Zhang and Mengyao Kang published in the Journal of Regional Science finds that countries with higher shares of elderly people have fewer entrepreneurs and new businesses. The increase in America’s median age coincides...

Kenya. NSSF commits to reforms including expedited processing of benefits

National Social Security Fund (NSSF) has announced the launch of several new initiatives targeting workers across various sectors of the economy in a bid to improve social security coverage and financial inclusion. The NSSF, which plays a vital role in providing social security to the workforce, said if was impelementing reforms aimed at expanding its coverage, increasing transparency, and promoting financial literacy among contributors. These changes are part of a broader effort to modernize the social security system and make it...

UK. The People’s Pension exploring private markets with plans to allocate up to $4.9 billion

The People's Pension, Crawley, England, is taking steps to allocate up to £4 billion ($4.9 billion) to private markets assets by 2030, and also plans to hire a specialist and set up a dedicated research capability. The defined contribution master trust had £31 billion in assets as of Dec. 31, and expects to reach £60 billion by 2033. This allocation will mark The People's Pension's first foray into private markets, as confirmed by a spokesperson for the fund. While it did...

México. Se han devuelto 998 millones de pesos del Fondo de Pensiones para el Bienestar: Consar

Al cierre del 2024 se habían devuelto 998 millones de pesos de ahorros no reclamados en las Afores que habían sido transferidos al Fondo de Pensiones para el Bienestar, informó la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). El Fondo de Pensiones, que entrega complementos a las pensiones de algunos trabajadores de la generación Afore para procurar que sean iguales a su último salario, fue financiado en un inicio con 24,238 millones de pesos provenientes de las...