June 2024

Puerto Rico. Cámara da paso a aumento en las pensiones de los jubilados del gobierno

El reclamo que por semanas levantaron jubiladas y jubilados del gobierno de Puerto Rico hizo eco entre los miembros de la Cámara de Representantes que este martes aprobaron unánimemente una medida legislativa que, efectivo el 1 de julio de 2024, aumentaría sus pensiones hasta en $300 mensuales. “Han sido, prácticamente, cuatro meses de jornada... y hoy, finalmente, fue aprobado el proyecto de forma unánime. Primero, mi mensaje de agradecimiento, porque los legisladores le hicieron justicia a los pensionados y esa...

UK. The General Election And Pensions Policy

Parliament was dissolved on May 30, 2024, with the General Election being held on July 4, 2024. As a result, much of the planned pensions legislation has been lost and it remains to be seen if the various bills will be reprised by the new Government. The Finance (No.2) Act 2024 survived the election cull and was published on May 24, 2024. Sections of the Act which are relevant to pensions make amendments to the Finance Act 2004 in respect...

US. Milliman analysis: Competitive pension risk transfer costs inches down in May, from 100.9% to 100.7%

Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the pension risk transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer. During May, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process decreased slightly, from 100.9% of a plan’s accounting...

UK. ‘Serious disparity’ around retirement savings of people identifying as LGBTQ+

One in four (25%) people who identify as LGBTQ+ are not saving for their retirement, a survey has found. The research was released by Scottish Widows to coincide with Pride Month in June. It also found that just under a fifth (18%) of people who do not identify as LGBTQ+ report they are saving nothing towards their retirement. People who are LGBTQ+ were also less likely in the survey to say that they have taken financial advice. One in nine (11%) people surveyed who identify as...

How Retirement Investments Align With Long-Term Environmental Goals

What do retirement plan sponsors and sustainable investors have in common? A focus on the long term. We explore how different asset classes, particularly real assets, can be aligned with long-term climate-related objectives, such as reducing carbon footprints to net zero. By extension, we suggest ways for retirement plan sponsors—whether in the defined benefit or defined contribution space—to align their investments with increasingly common sustainable climate goals. Key takeaways Climate-related risks and opportunities are present in virtually all asset classes, but...

México. En enero-mayo, retiros de Afores por desempleo sumaron 12,355 millones de pesos

Desaceleración económica y las ofertas que hacen promotores a los cuentahabientes para que realicen este trámite, detrás del aumento. Los retiros por desempleo de las Afores han subido 26.75% a tasa anual durante los primeros cinco meses del 2024, para marcar un monto no visto en un periodo similar. Esto debido a factores como la desaceleración económica que atraviesa el país, así como las ofertas que hacen promotores a los cuentahabientes para que realicen este trámite. Company logo Entre enero y mayo...

Colombia. Estas son las 50 preguntas y respuestas de lo que fue aprobado en la reforma pensional

A partir del próximo 1 de julio de 2025 habrá un nuevo sistema pensional en Colombia, algo que no ocurría desde hacía 30 años, cuando se aprobó la Ley 100. Las nuevas normas impactarán a los más de 19,1 millones de trabajadores que cotizan en los fondos privados de pensiones y también habrá cambios para los más de 6,8 millones de afiliados al régimen de prima media. Las modificaciones se verán en el corto, mediano y largo, por lo que es clave entender...

Puerto Rico. Jubilados reclaman acción: “Son 17 años viviendo y sobreviviendo con la misma pensión con la que nos retiramos”

Decenas de jubilados y jubiladas del gobierno de Puerto Rico llegaron este lunes al Capitolio en reclamo a la aprobación del Proyecto de la Cámara (PC) 2038, una medida legislativa que, efectivo el 1 de julio de 2024, concedería a los pensionados un incremento de hasta $300 mensuales. La medida por petición podría ser considerada en la sesión de la Cámara de Representantes, pautada para este martes, anticipó el portavoz del Partido Independentista Puertorriqueño (PIP), Denis Márquez, y según le confirmara el presidente cameral Rafael...

UK. DC contributions exceed DB pensions for the first time

A report published today by Barnett Waddingham (BW), the leading professional services consultancy shows that for the first time, contributions paid by the FTSE 350 defined benefit (DB) scheme sponsors into defined contribution (DC) schemes exceeded those paid into DB schemes. BW conducted an analysis of the FTSE 350 companies with DB pension schemes over the last twelve months to 31 May 2024. The data reveals that contributions totalling £8.1 billion were paid into DB schemes (consisting of £4.7bn of...

US. Public pension funding ratios roar back in May — Milliman

The overall estimated funding ratio of the 100 largest U.S. public pension plans bounced back in May thanks to strong investment returns for the month, according to the Milliman 100 Public Pension Funding index. The increase in the funding ratio to 79.4% as of May 31 from the estimate of 77.6% as of April 30 was primarily the result of positive market performance in May, almost completely reversing a weak April for investment returns. The estimated funding ratio at the...