editor, Author at Pension Policy International

25NovNovember 25, 2024

Argentina. Solo una de cada 5 pensiones es otorgada en pleno cumplimiento de edad, aportes u otro requisito.

Se generó una gran polémica por la cancelación de la jubilación como expresidenta y pensión por viudez de un expresidente de Cristina Kirchner debido a su condena judicial por corrupción. Lo mismo ocurrió con la jubilación como exvicepresidente de Amado Boudou. Mucha gente opina a favor de esta decisión toda vez que se entiende que las jubilaciones otorgadas a expresidentes y vicepresidentes y las pensiones por viudez derivadas a sus cónyuges son consideradas de privilegio. Privilegio significa que son otorgadas sin cumplimiento de alguno...

November 25, 2024

NoticiasArgentina, Operaciones, Regulación

25NovNovember 25, 2024

UK. Hopes and fears for pensions in 2025

Improvements in defined benefit (DB) pension scheme funding mean that, for many, the ‘endgame’ for the pension scheme now feels tangible, instead of a distant ambition. However, the advent of the new funding regime will overlay a new discipline. With defined contribution (DC) schemes, questions around adequacy remain uppermost for members, while the absence of a timetable for the extension of auto-enrolment minimum contributions continues to be a concern.” The challenge of retirement adequacy We now know that Employer National Insurance...

November 25, 2024

NewsDefined Benefit, Defined Contribution, UK

25NovNovember 25, 2024

Are You One of 38 Million Seniors Who Fear Your Retirement Income Won’t Be Enough? You’re Not Alone.

Social Security is one of the most crucial functions of the U.S. government. Last year, the program paid roughly $1.5 trillion to 68 million Americans, 51 million of whom were retired. Many of these retired Americans rely on the program for a significant portion of their incomes. Originally intended as one of three income sources for retirees along with employer pensions and personal savings, Social Security's role has grown as pensions have become rare for most. Many lower-income earners are unable...

November 25, 2024

NewsAdequacy, Inflation, Retirement security, US

25NovNovember 25, 2024

UK. Aviva completes a £1.7 billion buy-in with the National Grid Electricity Group of the Electricity Supply Pension Scheme

Aviva has today announced the completion of a £1.7 billion pensioner buy-in with the National Grid Electricity Group (“the Group”) of the Electricity Supply Pension Scheme (“the Scheme”). The transaction, which completed in October 2024, included transitioning the Group’s existing longevity swap with Zurich Assurance Ltd to Aviva, and insures the benefits for 5,800 pensioner members of the Group. Aon acted as the sole transaction adviser, covering actuarial, investment and broking aspects. Legal advice to the Group Trustee was provided by...

November 25, 2024

NewsOccupational Pensions, PRT, UK

25NovNovember 25, 2024

India. 80,000 more people to get old-age pension in Delhi: Kejriwal

AAP supremo Arvind Kejriwal on Monday said an additional 80,000 people are now eligible for old-age pension in Delhi, raising the total number of such beneficiaries to 5.3 lakh. Kejriwal said at a press conference that the Delhi government is committed to social welfare and highlighted that the decision to pay old-age pension to more people is being implemented following Cabinet approval on Sunday. On Sunday, the Delhi government launched a portal for the elderly to apply for pensions. It has...

November 25, 2024

NewsCoverage, India, Informal Sector

25NovNovember 25, 2024

Pensions reform is vital to raise the UK’s dismal savings rate

No area of policymaking suffers more from “muddling through” than pensions. Pension arrangements shape national prosperity and individual security over multiple generations. “Long-termism” is the only sane approach. Yet what the UK has done is, alas, the opposite. As I noted in a column published in June 2023, this short-sightedness ended up by putting people working in the private sector into one of two “corners”. In one corner are defined benefit schemes, which offer guaranteed pensions, with investment and longevity...

November 25, 2024

NewsPension Reform, savings, UK

22NovNovember 22, 2024

México. Golpe a las pensiones en 2025 por cambio de salario mínimo a UMAS

Hasta 2016, el salario mínimo en México no cumplía plenamente con la función social establecida en el artículo 123 de la Constitución, que exige que esta remuneración sea suficiente para satisfacer las necesidades básicas de un jefe de familia, incluyendo aspectos materiales, sociales y culturales. Entonces, como se ha venido dando en los últimos años, el aumento de las pensiones ya existentes en 2025 no crecerá al ritmo del salario mínimo, sino de la UMA. Esto afecta a los...

November 22, 2024

NoticiasDiseño de Pensiones, Mexico, Suficiencia

22NovNovember 22, 2024

El papa pide “medidas urgentes” y “sacrificios” para sostener las pensiones del Vaticano

El papa Francisco alertó este jueves de que se necesitan "medidas estructurales urgentes" y "sacrificios" para sostener el fondo de pensiones de los empleados del Vaticano, "en riesgo de empeorar" ante "los recursos limitados" de la Santa Sede. Los datos recabados en "los últimos análisis en profundidad hechos por expertos independientes indican un grave desequilibrio potencial del fondo, cuyo tamaño tiende a expandirse con el tiempo en ausencia de intervenciones", dijo el pontífice en una carta dirigida a los cardenales y responsables de...

November 22, 2024

NoticiasEl Vaticano, Sostenibilidad

22NovNovember 22, 2024

US. Public pension funding ratios drop in October, first dip since April — Milliman

The overall estimated funding ratio of the 100 largest U.S. public pension plans fell in October, the first such decline since April, according to the Milliman 100 Public Pension Funding index. The drop in the funding ratio to 81.2% as of Oct. 31 from the estimate of 82.8% as of Sept. 30 was primarily the result of negative investment returns. It was the first decline after five straight months of increases due to strong market returns. Before that streak had begin,...

November 22, 2024

NewsFunding, Public Pensions, US

22NovNovember 22, 2024

Cardinal appointed for ‘urgent’ Vatican pensions overhaul

Pope Francis said he had taken an “essential step” by naming Cardinal Kevin Farrell “sole administrator” of the pension fund. Pope Francis appointed Cardinal Kevin Farrell to oversee “new and unavoidable” reform to the Vatican’s pension system as it faces a “serious prospective imbalance” that means changes can no longer be postponed. In a letter to cardinals, dicastery prefects, and managers in the Roman Curia on 21 November, the Pope emphasised the gravity of the unsustainability of the Vatican’s pension fund...

November 22, 2024

NewsSustainability, Vatican

November 2024