January 2025

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...

España. La Seguridad Social dispara su deuda por las pensiones y supera ya los 126.000 millones

Apenas hay tregua para el agujero de las cuentas públicas. La deuda del conjunto de las administraciones registró en noviembre un descenso del 0,4% en un mes, menos de 6.000 millones, para dejar la cifra definitiva todavía por encima de los 1,62 billones de euros. Este ajuste respecto a octubre se ha producido gracias al descenso del endeudamiento del Estado, tras meses de continúas incrementos, y también a la caída en ayuntamientos, mientras que tanto las comunidades autónomas como...

U.S. DB pension payouts generating US$1.5 trillion in economic output: report

In 2022, U.S. retiree spending — driven by private and public sector defined benefit pension payouts — generated US$1.5 trillion in total economic output and supported 7.1 million jobs, according to a new report by the National Institute on Retirement Security. It found in addition to the impact on employment and economic activity, DB pension payouts added $224.3 billion in tax revenue at the federal, state and local levels. The report noted $680.6 billion in pension benefits were paid to 26.3...

Some British local government pension schemes object to UK pooled fund plans

 Almost a third of Britain's local government pension schemes object to UK plans to consolidate more of their assets into pooled funds, saying the plans raise the potential for poor investment returns, adviser Hymans Robertson said on Thursday. The UK government wants to increase pooling of local government assets, opens new tab to boost domestic pensions investment in British companies, including start-ups, because it sees larger pooled funds as better placed to make such investments. Under the proposals, schemes would be...