November 2024
08Nov

Panamá. Asamblea comienza el análisis de la reforma de la Ley 51 para fortalecer el sistema de pensiones

La Asamblea Nacional (AN), en respuesta al llamado del Ejecutivo, inició el período de sesiones extraordinarias el 6 de noviembre, para recibir el proyecto de ley que reforma la Ley 51 de 2005, que regula el sistema de la Caja de Seguro Social (CSS) en Panamá. El ministro de Salud, Fernando Boyd, junto al director de la Caja de Seguro Social, Dino Mon, presentó ayer ante el pleno de diputados los puntos clave de la reforma. Boyd destacó la urgencia de...

November 8, 2024
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08Nov

US. Republicans Break Protocol to Kill Social Security Benefits Expansion Bill

While many Republicans have called to protect or even expand Social Security benefits, GOP lawmakers killed a bill that would help millions of Americans get higher monthly payments. Experts spoke with Newsweek about the possible motives behind the move. A Social Security bill that would have repealed two rules that lower benefits for certain retirees was brought forward by House Reps. Garret Graves, (R-LA) and Abigail Spanberger (D-VA). Despite the bill previously having a wide range of bipartisan support and Graves and Spanberger securing the 218 signatures needed...

November 8, 2024
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08Nov

UK. Govt to present regs on CDC to parliament ‘as soon as able to’

Pensions Minister, Emma Reynolds, has said the government intends to present regulations to extend collective defined contribution (CDC) provision beyond single or connected schemes to parliament “as soon as [they] are able to”. Earlier this month, a consultation was launched by the Department for Work and Pensions on legislation to broaden CDC’s scope, which currently limits these schemes to individual employers or groups with existing connections. The extension seeks to allow unrelated employers to join CDC schemes, potentially opening up this pension...

November 8, 2024
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08Nov

US. Corporate pension funding improves in October after discount rates rise for the first time since April

Milliman analysis: Corporate pension funding improves in October after discount rates rise for the first time since April Milliman PFI funded ratio climbs to 103.4% after discount rates increase by 35 basis points Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. During October, the Milliman 100 PFI plans’ funded ratio improved from 102.5% at the end of September to...

November 8, 2024
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08Nov

Canadian pension risk transfer sales decrease to $2.1BN in Q3 2024: report

The market volume of annuity purchases by Canadian defined benefit pension plan sponsors reached an estimated $2.1 billion in the third quarter of 2024, a small decline from $2.5 billion in the previous quarter, according to a new report by Telus Health. It noted some insurers are showing a show a strong appetite and offer competitive pricing on a broad spectrum of deals, while others that are nearing their capacity limits are adopting a more selective approach in allocating their...

November 8, 2024
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07Nov

México. Senado declara constitucionales reformas de vivienda y pensiones a adultos mayores de 65 años

El pleno del Senado de la República declaró constitucionales las reformas que garantizan una pensión a las personas con discapacidad permanente, adultas mayores de 65 años, así como aquella para que el Instituto del Fondo Nacional de la Vivienda para los Trabajadores (Infonavit) pueda construir vivienda social y otorgar créditos. En un primer caso, conocida como reforma de bienestar, el Senado hizo la declaratoria de las modificaciones a los artículos 4 y 27 constitucionales, luego de que 22 congresos locales aprobaron las modificaciones. Se trata de los congresos de...

November 7, 2024
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07Nov

Chile. Jubilaciones: los desafíos que tiene el sistema local

Apartir de la discusión de la reforma de pensiones que impulsa el gobierno del Presidente Gabriel Boric, las AFP han estado en medio del debate por la modificación que busca, entre otras cosas, ponerle fin al modelo tal como se conoce hasta hoy. En ese sentido, y reflejo de la profunda preocupación de la ciudadanía, este proceso ha sido un tema central en la discusión política y social del país, siendo las pensiones consistentemente identificadas desde 2017 entre los...

November 7, 2024
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07Nov

Panamá propone reforma a ley de seguridad social que incluye aumento a edades de jubilación

El gobierno panameño propuso el miércoles un incremento de la edad de jubilación en mujeres y hombres como parte de una iniciativa más amplia que busca reformar la ley del organismo encargado de gestionar la seguridad social en lo que el poder ejecutivo calificó como un intento por “salvarla” de un “inminente” colapso financiero. El presidente José Raúl Mulino, quien inició su mandato de cinco años el pasado 1 de julio, prometió a los panameños impulsar los cambios lo más...

November 7, 2024
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07Nov

How AI could help modernize pension and retirement systems

The world is going through a seismic demographic transition, as populations age and traditional workforces shrink, prompting challenges for retirement systems that need to adapt to remain resilient. AI may be able to assist, by helping individuals make better decisions about their own retirement and by helping invest retirement assets. Given the importance of retirement, embedding trust into our AI systems is essential before they are deployed to the retirement business. Lifespans and the cost of living are rising...

November 7, 2024
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07Nov

US. Employers offering better retirement plan benefits — Willis Towers Watson

Employers are becoming more generous with their retirement plan benefits, according to Willis Towers Watson’s 2024 U.S. Defined Contribution Survey. While the median employer contribution to defined contribution plans remained at 7.1% of pay, the gap in overall retirement benefits offered by the most and least generous employers narrowed significantly between 2000 and 2020, the survey found. In 2020, the most generous employers — those in the 90th percentile — provided retirement benefits that were 10.9% of pay, whereas the least...

November 7, 2024
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