Mexican President Andres Manuel Lopez Obrador said on Tuesday he hopes to present a new fund aimed at boosting the lower pensions in the system on May 1, a month ahead of presidential elections. The creation of the fund, which is part of a pension reform proposed by the president in February, was approved on Monday by the country's lower house. It now needs to be passed by the Senate. "I hope that on May 1, Labor Day, we can present...
The Biden-Harris administration announced today that the U.S. Department of Labor has finalized its Retirement Security Rule to protect the millions of workers who are saving for retirement diligently and rely on advice from trusted professionals on how to invest their savings. This final rule will achieve this by updating the definition of an investment advice fiduciary under the Employee Retirement Income Security Act and the Internal Revenue Code. The final rule and related amended prohibited transaction exemptions require trusted investment advice...
The Forum for Public Sector Associations and Unions has hinted at plans to stage a nationwide strike if government fails to resolve all issues bordering on the implementation of pensions for public sector workers. The Forum, in a notice, revealed its members will embark on a strike from Thursday, 2 May 2024, if by Tuesday, 30 April, issues relating to the implementation of pensions for public sector workers remain unresolved. “Notice is hereby served,” the Forum indicated. The Forum is made up...
The Department for Work and Pensions (DWP) is facing a storm of criticism as it has ordered 34,500 people to repay benefits, with fines reaching up to £20,000. This comes amid calls for the DWP to review its handling of Carer's Allowance after it was revealed that thousands of carers are being overpaid and later hit with hefty repayment demands. In a dramatic turn of events, a UK government dementia adviser has stepped down in protest against the DWP's "beyond the pale" legal...
La Cámara de Diputados del Congreso mexicano ha aprobado este lunes la creación del Fondo de Pensiones para el Bienestar. Con modificaciones a seis leyes reglamentarias, Morena y sus aliados avalaron la reforma que contempla un fideicomiso público que reunirá unos 40.000 millones de pesos de las cuentas de los trabajadores mayores de 70 años que no reclamen su ahorro para el retiro. La mayoría de los recursos se obtendrán de las Administradoras de Fondos para el Retiro (Afores) y de...
Bruce Mac Master, presidente de la Andi, entregó este lunes los resultados del estudio de percepción del sistema pensional, que busca reformar el Gobierno de Gustavo Petro. Entre los resultados, Mac Master destacó que "los colombianos están muy preocupados por los cambios" que propone el Gobierno Nacional. Además, resaltó que la ciudadanía considera positiva la creación del pilar solidario, pero este debe emplear recursos del Estado. El 72% de los ciudadanos consulados considera importante que el ahorro pensional esté depositado en una cuenta...
El Gobierno oficializó a través del Decreto 340/2024 que en mayo volverá a pagar un bono de $70.000 para jubilados que perciban un haber mínimo. Así, la administración nacional dispuso otorgar "una ayuda económica previsional por un monto máximo de pesos setenta mil ($70.000), que se abonará en el mes de mayo de 2024". El bono también incluirá a “las personas beneficiarias de pensiones no contributivas por vejez, invalidez, madres de siete hijos o más y demás pensiones no contributivas y...
El Instituto Nacional de Bienestar Magisterial (Inabima) inició este lunes la entrega de los fondos del Plan de Retiro Complementario (PRC), equivalente a un monto de RD$2,570,017,633, a 3,032 maestros que fueron beneficiados en el decreto 311-23. Los beneficiados recibieron un promedio de RD$847,631.15 por maestro, y con esta cantidad se eleva a RD$11,667,334,058 el monto que ha entregado el Inabima a la fecha. También el número de jubilados que recibieron el PRC, se elevó a 21,314, dato que está contenido en 16 decretos que han sido emitidos por el Poder Ejecutivo desde el año 2010...
An increasing number of companies integrate sustainability into their core business strategies, according to a survey of chief financial officers released April 22 by accounting and advisory firm BDO. The 2024 ESG Risk & ROI Survey found that companies see numerous benefits to ESG programs beyond simply responding to regulatory mandates. “By embedding ESG and sustainability initiatives into their organization’s overarching strategic agenda, CFOs can help retain top talent, better manage risk, and drive long-term resilience,” said Karen Baum, managing principal for the Sustainability...
None of us are getting any younger, but it appears the age at which we are considered old has moved upwards over the generations. What’s more, as adults get older, they shift the goalposts further still, a study has shown. The researchers behind the study said the upward shift could be down to increases in life expectancy and retirement age, as well as other factors. “We should be aware that conceptions and perceptions of ‘old’ change across historical time, and that people...
