August 2024

Chile. Reforma previsional: Comisión de Trabajo del Senado avanza con discusión de la propuesta de aumento del tope imponible

La Comisión de Trabajo y Previsión Social del Senado avanzó este miércoles en la discusión de la reforma previsional, en línea con la metodología de discusión acordada por el Ejecutivo y los parlamentarios de la instancia. Luego de una exposición realizada por la ministra del Trabajo y Previsión Social, Jeannette Jara, y el ministro de Hacienda, Mario Marcel, la Comisión discutió  en torno al aumento del tope de la renta imponible, medida que concitó el acuerdo unánime de los expertos...

Panamá. Sector privado presenta propuesta para mejorar la seguridad social

La Comisión de Trabajo, Salud y Desarrollo Social, realizó  un conversatorio con representantes del Consejo Nacional de la Empresa Privada, quienes aportaron  alternativas  encaminadas a resolver la seguridad social de los panameños. El conversatorio denominado "Reformas a la Caja de Seguro Social: Un compromiso Nacional", contó con la participación del consultor, Jorge Nicolau, quien durante su ponencia denominada, "Entendiendo el problema de las pensiones en Panamá”, explicó a los presentes que, entre las causas que afecta a la institución, está...

US. Texas is sued over anti-ESG law

 Texas was sued on Thursday by a nonprofit whose members support environmentally-friendly policies, and which seeks to block a state law targeting businesses that support reduced reliance on fossil fuels. The American Sustainable Business Council said the 2021 law known as Senate Bill 13 violates members' free speech rights by banning Texas from investing in or contracting with businesses that, in the state's view, "boycott" the oil and gas industry. Texas is the largest and among the most prominent Republican-led states...

Argentina police pepper spray pension protesters

People took to the streets of Buenos Aires after President Javier Milei announced he would block plans to raise pensions in line with Argentina's triple-digit inflation rates. Police used pepper spray on demonstrators and hit them with batons during violent clashes. The president announced his plans to veto the reforms tabled by the opposition-controlled Congress in a statement posted by his office on X, formerly Twitter. The statement claimed the bill's "only objective was to destroy the government's economic program".     Read more @bbc

Kenya launches plan to promote retirement benefits sector

Kenya on Thursday launched a strategic plan aimed at promoting an inclusive and sustainable retirement benefits sector. Chris Kiptoo, principal secretary in the National Treasury and Economic Planning, told journalists in Nairobi, the capital of Kenya, that the five-year Retirement Benefits Authority Strategic Plan aims to grow the country's retirement savings from 1.7 trillion shillings (about 13.2 billion U.S. dollars) to 24.8 billion dollars by 2029. "The blueprint also details steps to expand pension coverage from the current 26 percent of...

Australian regulator plans stress test on private credit risks

Australia’s banking regulator plans to stress test the nation’s financial sector to shed more light on the impact of private credit capital flows on other market segments. “Private credit is a new and emerging risk that we are looking at,” said John Lonsdale, chair of the Australian Prudential Regulation Authority (APRA) at a media conference in Sydney on Aug. 28. “We want to work on more transparency in this area and we’ve signaled that already there is quite a lot...

México. Esperamos que en septiembre se apruebe reforma de pensiones de AMLO: Martí Batres

En el marco del Día Nacional de las Personas Adultas Mayores, el jefe de Gobierno Martí Batres expresó su deseo porque legisladores aprueben la reforma de pensiones de AMLO, para que adultos mayores reciban el salario que tenían como trabajadores, y no uno menor, al momento de jubilarse. “Esto ya se aprobó en la Comisión y esperamos que en septiembre se apruebe por el Congreso de la Unión, es una reforma muy importante en favor de los adultos mayores”, comentó. Con comida, música y...

Chile. Séptimo retiro AFP: ¿cuál será su destino tras el rechazo en comisión?

El pasado martes 27 de agosto, la Comisión de Constitución de la Cámara de Diputados rechazó en general el proyecto que buscaba un séptimo retiro de fondos de las AFP, desatando dudas con respecto al futuro de la iniciativa en el Congreso. En la citación, el séptimo retiro AFP solo obtuvo 4 votos a favor, 9 en contra y 0 abstenciones, con lo que se descartó la idea de legislar la fusión de cuatro proyectos que fueron presentados por parlamentarios. La iniciativa consideraba distintas condiciones para un eventual...

US. Prudential to Complete Industry’s 1st Multiemployer Pension Risk Transfer

In what is thought to be an industry first, Sound Retirement Trust, a multiemployer pension plan based in Seattle, has selected the Prudential Insurance Co. of America to complete a pension risk transfer—the first PRT to involve a multiemployer plan. The $221 million transaction will provide pension benefits for approximately 8,700 retirees and beneficiaries. Sound Retirement Trust is a joint labor-management board of trustees that provides retirement benefits to grocery workers of contributing employers across Washington. Multiemployer pension plans are retirement programs...

UK. Britain should raise pension contributions to plug ‘gender gap’, consultant Mercer says

 The minimum amount that workers and employers in Britain put into pension pots should be raised to help plug a retirement cash gap between men and women, and boost investment in productive assets, pensions consultant Mercer said on Wednesday. Britain's new Labour government has announced a review of the pensions industry to give people more value and create bigger cash piles to invest in infrastructure and green technology to raise returns and economic growth. The government should consider increasing - in stages - the minimum...