May 2024
16May

Centenarians Are on the Rise: How Living Longer Will Affect Society’s Economics

By JayDee Vykoukal   According to a Pew Research Center analysis of United States Census Bureau data, the number of Americans aged 100 and older is expected to more than quadruple over the next three decades. The population is projected to reach 422,000 in 2054, up from an estimated 101,000 in 2024. These centenarians aren’t the only aging demographic on the rise. The 2020 U.S. Census count found one in six Americans is over 65, compared to less than 1 in 20 in 1920. Older...

May 16, 2024
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15May

Chile. Reforma previsional: las propuestas de Pivotes para aumentar las pensiones de los actuales y futuros jubilados

Para los actuales trabajadores, la propuesta es aumentar la cotización hacia las cuentas individuales, condicionado al impacto sobre el empleo formal. En tanto, para los actuales pensionados, la propuesta consiste en un complemento por año cotizado focalizado en mujeres y financiado con gasto fiscal transitorio. Esas son las ideas que plantea Pivotes en un documento que elaboró sobre el “Diagnóstico en pensiones y propuesta de reforma”, donde menciona que “las pensiones autofinanciadas de los actuales pensionados son bajas porque estos ahorraron poco a través...

May 15, 2024
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15May

Google borra accidentalmente cuenta de fondo de pensiones de 125 mil millones de dólares

En un incidente sorprendente, Google ha cometido un error que resultó en la eliminación accidental de la cuenta privada de Google Cloud de UniSuper, un fondo de pensiones australiano que maneja un colosal fondo de 125 mil millones de dólares. El error dejó a más de medio millón de miembros del fondo UniSuper sin acceso a sus cuentas durante aproximadamente una semana, según lo informado por The Guardian. Afortunadamente, UniSuper contaba con una cuenta de respaldo con otro proveedor de servicios...

May 15, 2024
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15May

Colombia. Gobierno sale en defensa de la Reforma Pensional en el Congreso

Mientras que la Comisión Séptima de la Cámara de Representantes está a la espera de que se convoque el debate de la Reforma Pensional, la cual fue aprobada en la plenaria del Senado de la República, este lunes se realizó una audiencia pública para dar a conocer los distintos puntos de vista sobre la iniciativa. Pese a las críticas de algunos sectores de oposición al proyecto de ley, la ministra del Trabajo, Gloria Inés Ramírez, salió en defensa de la...

May 15, 2024
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15May

US Corporate Pension Funding Mixed on Stock Declines

Changes to the average funded status of the largest U.S. corporate defined benefit plans were mixed in April as lower stock returns weighed on the positive effect of higher interest rates, according to monthly pension trackers from some of the country’s largest pension consultancies. The mixed results come off all-time highs booked in March. Meanwhile, pension fund investors are on interest rate watch, with the Federal Reserve still expected to cut rates later this year depending on how inflation, employment and...

May 15, 2024
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15May

UK. Pension Protection Fund 7800 index shows April increase for surplus, funding ratio

The total surplus of U.K. corporate pension funds covered by the Pension Protection Fund 7800 index increased 0.6% to £458.3 billion ($570.5 billion) at the end of April, coupled with an increase in funding ratio. The funding ratio was 148.8% at the end of April, compared to 146.5% at the end of March this year. Of the 5,050 plans in the PPF 7800 Index, there were 505 plans in deficit and 4,545 in surplus. Shalin Bhagwan, chief actuary at the Pension...

May 15, 2024
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15May

Pension Reform in Lebanon: Good Intentions, Uncertain Outcomes

By Haneen Sayed, David Robalino, Ibrahim Muhanna   The passing of Pension Law 319 by Lebanon’s Parliament in December 2023 was a milestone. For decades, the vast majority of the Lebanese people have lived with little or no income security in their old age, a situation that has worsened since the economic-financial crisis that began in 2019. Approximately 80 percent of the Lebanese population has no formal pension coverage, which forces elderly people to rely on family or other types of informal support. Rapid...

May 15, 2024
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15May

Google Cloud Accidentally Deletes Australian Superannuation Fund’s Data

The Australian superannuation fund UniSuper had its private cloud data deleted accidentally earlier this month, disrupting the fund’s services for the past couple of weeks. A configuration problem caused Google Cloud to delete UniSuper’s account. UniSuper, which has AUD 125 billion ($82.73 billion) in assets serving more than 615,000 beneficiaries, is working with Google Cloud to restore and backup the fund’s data. UniSuper said in a statement that it had backups of its data with a separate provider. UniSuper’s systems...

May 15, 2024
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15May

Retirement Planning: Does It Make Sense to Plan to Age 95?

BY  TED GODBOUT   A new report out this week provides an interesting take on whether it makes sense for retirees and near-retirees to base their retirement planning under the industry-wide assumption that they will live to age 95. Instead of simply using age as a factor in determining how much to save and spend for purposes of retirement planning, the report by HealthView Services examines the financial impact for clients of planning to age 95 versus beginning the discussion using actuarial...

May 15, 2024
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14May

México. “Reforma de pensiones se va a caer”, advierte el PAN

El presidente de la Junta de Coordinación Política y líder parlamentario del PAN en la Cámara de Diputados, Jorge Romero, advirtió que la reforma para crear el Fondo de Pensiones para el Bienestar “se va a caer” porque atenta contra el patrimonio de los mexicanos. Acusó a Morena de confiscar el dinero que los trabajadores han ahorrado toda su vida. ​Luego de que los grupos parlamentarios de la oposición en el Palacio de San Lázaro anticiparon la próxima presentación de una...

May 14, 2024
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