January 2025

US. IRS, Treasury Release Proposed Regulations on SECURE 2.0 Provisions

The Department of the Treasury and the Internal Revenue Service Friday issued proposed regulations for several provisions of the SECURE 2.0 Act of 2022. The first proposed regulations address the rules for new Roth catch-up contributions, beginning in 2026, as well as other catch-up contributions across different defined contribution plan types. Later Friday, Treasury and the IRS issued another set of proposed regulations for the SECURE 2.0 provision that requires newly established 401(k) and 403(b) plans to automatically enroll eligible employees beginning with...

China. Private pension plan to boost capital markets

The implementation of a private pension program nationwide will serve as an important driver for the increased maturity of Chinese capital markets, but there is still room for it to attract more users with a willingness to open accounts and invest, said experts. According to a notice jointly released by five central government departments, including the Ministry of Human Resources and Social Security, the Ministry of Finance and the State Taxation Administration, the private pension program began to be fully...

Romanian private pension fund assets jump 19% in 2024 on year

Assets held by Romania's seven mandatory private pension funds jumped 19% on the year to 150.85 billion lei ($31.15 billion) in 2024, with the average yield at 5.74%, slightly above the 5.1% annual inflation rate, the industry association said on Tuesday. The European Union member state overhauled its communist-era pension system in 2008, making it compulsory for working Romanians under 35 to contribute to a "second pillar" of private pension schemes as well as their state pension. Roughly 8.3 million Romanians...

México. Gasto en pensiones absorbió casi 17% del presupuesto ejercido a noviembre

Los recursos que el gobierno desembolsó para pagar las pensiones de millones de trabajadores en México absorbieron casi 17% del gasto total ejercido entre enero y noviembre del año pasado, de acuerdo con la información divulgada por la Secretaría de Hacienda y Crédito Público (SHCP). El Informe de Finanzas Públicas y la Deuda Pública a noviembre del año pasado reveló que, en el periodo, se destinaron 1 billón 340,314 millones de pesos al pago de pensiones de los trabajadores, lo...

Chile. Oficialismo presiona a La Moneda en semana clave de la reforma previsional y pide plebiscitar la continuidad de las AFP

Este lunes comienza una semana clave para las negociaciones en torno a la reforma previsional, a horas de que venza el plazo para que el gobierno ingrese las indicaciones al proyecto que actualmente se encuentra en trámite en la Comisión de Trabajo del Senado. En medio de un año electoral, que ha llevado a esta emblemática reforma de la administración Boric a su momento más frágil, justo en la recta final, se espera que el miércoles y jueves se inicie...

México. Pensiones del IMSS e ISSSTE aumentarán 4.21% en 2025

A partir de febrero de 2025, millones de jubilados afiliados al Instituto Mexicano del Seguro Social (IMSS) y al Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (ISSSTE) recibirán un incremento del 4.21% en sus pensiones, ajuste que busca compensar el impacto de la inflación y preservar su poder adquisitivo. ¿Cómo se calculó el aumento?¿Cómo impactará el aumento?Actualización con la UMA, no con el salario mínimo ¿Cómo se calculó el aumento? El incremento está vinculado a la actualización anual...

Argentina. Con el dato de inflación de diciembre sube la cuota del monotributo, cambia Ganancias y se calcula el aumento a jubilados

Con el dato de inflación de diciembre que el INDEC difundirá este martes 14, habrá novedades, ajustes y aumentos en 3 variables claves: Monotributo, impuesto a las Ganancias y los haberes de jubilaciones y pensiones. En el caso del Monotributo, el articulo 52 de la ley 27.743 aprobada en junio 2024, establece que todos los parámetros, como montos máximos de facturación y de alquileres devengados y los importes de las cuotas, correspondientes a cada categoría, así como las cotizaciones previsionales...

Europe’s top pension fund divests $585 million stake in Tesla

Europe's largest pension fund, Stichting Pensioenfonds ABP, has sold off its entire stake in Tesla (NASDAQ:TSLA) Inc., valued at $585 million, during the third quarter. The decision was influenced by several factors, including a disagreement over CEO Elon Musk's compensation package. Stichting Pensioenfonds ABP spokesperson stated on Sunday that the fund had issues with Musk's pay package. The decision to divest was also influenced by considerations of costs, returns, and responsible investment requirements. The Dutch newspaper Het Financieele Dagblad originally reported...

PensionBee Launches New Climate Plan to Help Customers Invest in Line With the Paris Agreement Goals

PensionBee, a leader in the consumer retirement market, has launched its new Climate Plan that sets a clear standard for climate-focused pensions. This plan not only excludes fossil fuel producers but also commits to continually reducing the total intensity of greenhouse gas (GHG) emissions produced by companies in the plan by 10% annually. So, even if the global economy uses more carbon over time, the Climate Plan will move in the opposite direction, always using less. Building on the success of...

Turkish Parliament set to discuss new bills, pensions

Parliament’s General Assembly will resume its weekly work on Tuesday with an agenda dominated by draft bills and a debate on pensions. Lawmakers will discuss the ruling Justice and Development Party’s (AK Party) bill for the establishment of the Turkish Justice Academy, an educational institution first of its kind for intra-judiciary training. The bill proposes the eligibility of judges and prosecutors with at least an eight-year career in the profession for assignment to the academy. The academy will also host...