September 2024
19Sep

US. Less Than Half of Pre-Retirees Actively Saving for Retirement

Only 40% of pre-retirees—those between five and 10 years away from their desired retirement age—say they are financially preparing for retirement. This according to New York Life’s latest Wealth Watch survey, released Sept. 17, which found that American adults overwhelmingly report they are not financially preparing for major life events like purchasing a home, starting a family, changing careers, or retirement. The survey also found half of pre-retirees think they will retire later than expected, and 22% think they may never...

September 19, 2024
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19Sep

UK. NHS retirees with six-figure pensions double in a year

The number of retired NHS workers receiving pensions paying £100,000 has more than doubled in a year. Nearly 2,000 former consultants and senior staff now have pensions paying six-figures – up from 890 last year and 698 in 2022. Britain’s public sector pension debt has swollen to nearly £5 trillion, which is the equivalent of £173,000 per household. The NHS retirement plan, which is the nation’s largest public sector pension scheme, paid £12bn to its retirees in the 2023-2024 tax year, official documents show. Most...

September 19, 2024
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19Sep

US. New York City Pensions’ CIO Steven Meier discusses trustees’ attitudes to ESG

For Steven Meier, chief investment officer of the New York City public pension funds, finding alignment – particularly regarding ESG – among the trustees of the five pension plans he manages, is one of the key challenges he faces. The trustees of the five New York City public pension plans diverge in their attitudes to ESG, and one of the key challenges Meier faces is “finding consistency of thought” among these trustees, Meier said this week. Meier’s office manages the New...

September 19, 2024
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19Sep

Jamaica. Low birth rate could affect country’s development goals

RESPECTED former public servant Reginald Budhan says if the fall in Jamaica’s birth rate continues unabated, the island’s vision for developed country status “will remain a dream”. Jamaica’s Population Health Status Report 2000–2022, which was tabled in Parliament in May, showed that the country continues to face a low birth rate problem with the total number of live births in the country declining sharply over the last 20 years. Overall, it said Jamaica’s crude birth rate, which is the number...

September 19, 2024
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18Sep

México. Reforma judicial: Así quedó el nuevo plan de pensiones de jueces y magistrados federales

El blindaje que realizó el Consejo de la Judicatura Federal (CJF) a las jubilaciones de los jueces y magistrados federales, ante la implementación de la reforma judicial, amplía el catálogo de pensiones a las que podrán acceder y mantiene la posibilidad de que, a partir de los 65 años de edad se retiren con el 80% de su salario. Proceso informó el pasado 14 de septiembre que el CJF aprobó un punto de acuerdo para modificar el Plan de Pensiones...

September 18, 2024
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18Sep

España. Presidente firma acuerdo de reforma con sindicatos y patronal.

El Gobierno ha firmado esta mañana el acuerdo para la reforma de las pensiones con patronal y sindicatos. Un pacto alcanzado entre los agentes sociales y Seguridad Social el pasado 31 de julio que retomaba la reforma del sistema de pensiones que inició el exministro y ahora gobernador del Banco de España, José Luis Escrivá y que ha culminado este miércoles con las firmas del presidente Pedro Sánchez, el presidente de la CEOE, Antonio Garamendi, el líder de Cepyme, Gerardo Cuerva...

September 18, 2024
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18Sep

México. Plusvalías de Afores registran más de 231 mil mdp: Consar

La Comisión Nacional de Ahorro para el Retiro (Consar) aseguró que, durante agosto, las plusvalías que registraron las Administradoras de Fondos para el Retiro (Afores) alcanzaron 231 mil 264 millones de pesos, con lo que suma 4 meses al alza. Este crecimiento en las ganancias de las Afore es uno de los más altos del cual se tenga registro, en el acumulado de este año este indicador suma un total de 457 mil 152 millones de pesos. Registros de la Consar...

September 18, 2024
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18Sep

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...

September 18, 2024
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18Sep

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...

September 18, 2024
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18Sep

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...

September 18, 2024
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