September 2024

Chile. Boric llamó a avanzar en reforma previsional y no olvidar a quienes “se han echado Chile al hombro”

En las últimas horas, el presidente Gabriel Boric se refirió a la reforma de pensiones, con un llamado a respaldar la iniciativa. “En medio de las celebraciones, no nos olvidamos de nuestros jubilados; de quienes han trabajado toda una vida y que se han echado Chile al hombro”, partió diciendo durante una actividad realizada ayer, con un esquinazo llamado “Subir las pensiones ¡es cueca!”. El jefe de Estado añadió que el actual sistema es “injusto” y que no otorga una “vida digna” a los...

Key Elements of the Pension Reform Agreement Signed Today by Spanish Government and Unions

The keys to the pension reform agreement are being finalized today, September 18, 2024. Spanish Prime Minister Pedro Sánchez will join union leaders to mark this important event. The reform aims to improve retirement conditions for workers, especially those in tough jobs. Key Takeaways Pedro Sánchez to sign pension reform agreement. Early retirement options for hard professions. Partial retirement regulations improved for workers. Lower retirement age for specific job conditions. Enhanced conditions for fixed-discontinuous workers. Mútues to collaborate on temporary...

Why China’s decision to extend the retirement age will not address fairness and sustainability issues

For many working Chinese, particularly those born in the 1980s and 1990s, Beijing’s decision to raise the retirement age by three years brings a sense of loss and betrayal. It means they have to work longer and pay more to get less from a major social contract. An internet meme that went viral reflected Chinese millennials’ frustration over the government’s flip-flop in birth and pension policies: “When I was born they said there were too many; when I gave birth...

Nigerian pension assets soar 4.17% to N20.48tn in Q2’2024

The National Pension Commission (PenCom) has maintained an upward growth trajectory as the contributory Pension Scheme (CPS) recorded a total asset of N20.48 trillion in the second quarter of 2024, marking a 4.17 per cent  increase from N19.66 trillion it recorded in Q1 2024. According to PenCom, the number of pension contributions increased from 89,061 in the first quarter of 2024  to 100,063 in Q2 2024. It noted that remittance of pension contributions increased by 20.26 per cent from N314.17...

Japan faces labor shortages and demographic crisis as elderly population hits record high

Japan commemorated its “Respect for the Aged Day” earlier this week, with the national holiday underscoring a somewhat problematic fact — the country has a record number of elderly citizens to celebrate. Government data released ahead of the event showed that Japan’s population aged 65 and over had risen to an all-time high of 36.25 million. While the country’s overall population has been declining, the segment of those aged 65 and above has grown to 29.3% of the population, the highest...

Dutch pension funds to report CO2 reduction progress

Pension funds should report annually about the progress they make in meeting their CO2 reduction targets. They must also provide more insight into their sustainable investments, Dutch pension regulator DNB announced on its website. Pension funds must report annually on the progress made in achieving their CO2 reduction targets DNB imposes the additional requirements to “enable itself to adequately supervise sustainability risks at pension funds.” This is because, in its own words, the regulator currently “does not have sufficient information to adequately supervise the...

Los 300 mayores fondos de pensiones del mundo volvieron a crecer en 2023

Los 300 mayores fondos de pensiones del mundo volvieron a crecer en 2023, dejando atrás gran parte de la caída del año anterior. Sin embargo, los activos de los mayores fondos de pensiones aún no han vuelto a sus máximos históricos, según el informe Global Top 300 Pension Funds de este año, elaborado por el Thinking Ahead Institute de WTW, en colaboración con Pensions & Investments, una destacada publicación estadounidense sobre inversiones. El informe destaca las tendencias a alto nivel en la industria de...

Chile. Presidente Boric insiste en aprobar la reforma previsional: “Que subir las pensiones siga siendo cueca”

En medio del inicio de la denominada semana XXL por Fiestas Patrias, el Presidente Gabriel Boric no dejó de lado las labores parlamentarias e insistió en la reforma de pensiones, señalando que “no podemos seguir esperando”. Durante esta jornada, el mandatario concurrió al Ministerio del Trabajo, donde aprovechó la instancia para llamar a aprobar la iniciativa liderada por la ministra Jeannette Jara. “Esta semana es un momento de encuentro entre los chilenos, y también de pensar en los pendientes que tenemos, en toda la gente a la que le debemos...

Panamá. Da inicio el diálogo con el futuro de las pensiones en la balanza

Diferentes sectores empezarán las mesas de diálogo para abordar la crisis del IVM, sistema enfrenta un creciente déficit financiero y diferentes retos que afectan a la población panameña Hoy inicia una de las conversaciones más esperadas desde principios de esta administración gubernamental. Las mesas de trabajo para superar la crisis de la Caja del Seguro Social (CSS) y el programa de Invalidez, Vejez y Muerte (IVM), como lo anunció el pasado jueves el presidente José Raúl Mulino, en un anuncio...

US. State pension funds significantly beat expected investment returns

The Kentucky Public Pensions Authority (KPPA) announced the average composite return for assets under management was 10.7% for the fiscal year ended June 30, 2024, while insurance trust assets under management earned 11.4%.  All pension and insurance portfolios returned significantly more than their actuarial assumed rates of return, which are 6.5% for all County Employees Retirement System (CERS) pension and insurance portfolios and the Kentucky Employees Retirement System (KERS) and State Police Retirement System (SPRS) insurance trusts, 6.25% for the KERS Hazardous...