February 2024
06Feb

Mexico’s president wants to guarantee people pensions equal to their full salaries when they retire

Mexico’s president said Monday he will propose guaranteeing people pensions equal to their full salaries at the time they retire, something done by no other country, not even those much richer than Mexico. It was among a raft of 20 constitutional reforms that President Andrés Manuel López Obrador has almost no hope of getting passed in the eight months he has left in office, but which could be part of a bid to attract voters in the June 2 presidential...

February 6, 2024
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06Feb

U.S. Public Pensions Highly Vulnerable to Market Correction

Investment volatility has re-emerged as a key concern for defined benefit public pension plans since the pandemic began, signalling the risk that market corrections can set back progress in stabilizing funded ratios and trigger higher contributions, Fitch Ratings says. Asset values surged in 2021 followed by sharp reversal in 2022 and a rebound in 2023. Based on audits of almost 100 major state pension plans, fiduciary plan assets rose a median of 24.4% in fiscal 2021, then fell 7% yoy...

February 6, 2024
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06Feb

UK’s ageing population prompts calls to push state pension age up to 71

The UK’s ageing population means that the state pension age would need to rise from the current 66 to 70 or 71 to maintain the status quo, research from the International Longevity Centre (ILC) has revealed. The ILC pointed out that most of those countries ranking at the top of its Healthy Ageing and Prevention Index have rapidly ageing populations, which are making it increasingly important for these governments to act to support healthy ageing. In particular, the ILC’s analysis showed,...

February 6, 2024
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06Feb

US. Wisconsin pension holders organize to push investment agency out of fossil fuels

By. ERIK GUNN   A retired technical college teacher in Milwaukee, Anne Steinberg says she appreciates the pension she gets every month and the state agency that manages the pension fund assets. But she also believes the State of Wisconsin Investment Board (SWIB) could do much better if it made one big change: getting out of any fossil fuel-related investments. “They’re investing for the long term, and we don’t think fossil fuels are good for the long term,” Steinberg says. A few years ago, she and...

February 6, 2024
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02Feb

México. Diputados del PAN a favor de la reforma de AMLO, pero cuestionan su viabilidad

El Partido Acción Nacional (PAN) se pronunció a favor de las iniciativas del presidente Andrés Manuel López Obrador (AMLO) para reformar la Ley de Seguro Social para los siguientes años. En conferencia de prensa de la Cámara de Diputados, el coordinador de la bancada blanquiazul en San Lázaro, Jorge Romero Herrera, destacó que las propuestas del primer mandatario federal tienen una intención buena por abogar a las pensiones de la población, por lo que no habrá una negativa por parte del partido para votarlas...

February 2, 2024
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02Feb

Chile. Reforma de pensiones ya tiene fecha en el Senado: comisión de Trabajo fija primera sesión para el 6 de marzo

A medida que se acerca el receso legislativo, también se acentúa una pausa de la reforma de pensiones, aunque será corta. El pasado miércoles 24 de enero, en la Cámara de Diputados finalizó el primer trámite constitucional del proyecto de reforma de pensiones, luego de que se aprobara la idea de legislar y varios artículos, aunque se cayeron algunos ejes clave del "corazón" de la reforma. De cara a su segundo trámite constitucional, el Gobierno deberá profundizar las conversaciones con las...

February 2, 2024
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02Feb

México. Lanzan serie “Al tiro con el retiro” para fomentar la educación financiera

El ONCE (Canal Once) y la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) presentaron la serie animada “Al tiro con el retiro” con el objetivo de explicar el funcionamiento del sistema de ahorro para el retiro y promover la cultura de la educación financiera en las nuevas generaciones. La serie consta de siete cápsulas animadas que ofrecen información de manera sencilla y amena sobre el tema crucial de las pensiones. “Están transmitiendo de una manera súper digerida, sobre todo para las nuevas generaciones, un tema que es...

February 2, 2024
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02Feb

Guatemala. Ministro Menkos: aumento de pensión a jubilados es imposible de financiar

Autoridades del Ministerio de Finanzas concluyeron que las reformas a la Ley de Clases Pasivas que intenta aprobar el Congreso "son imposibles de financiar en el contexto de las finanzas actuales". Es noticia. Jonathan Menkos, titular de la cartera, presentó el impacto financiero de la reforma a la Ley de Clases Pasivas, que recién avanzó en primera lectura, y concluyó que es "muy agresiva en términos económicos". La cartera mostró que aunque la propuesta plantea aumento en las contribuciones, no serían suficientes,...

February 2, 2024
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02Feb

US. Public Pensions Are Mixing Risky Investments with Unrealistic Predictions

More than 20 million Americans are covered by state and local government pensions. Unlike the 401(k) plans found in the private sector, these “defined benefit” plans promise to pay retirees a set amount of money every month for the rest of their lives. For most public workers, these generous programs are a cornerstone of their financial security; for many, they’re one of the main attractions of government jobs. Yet the plans, by their own reckoning, are underfunded to the tune...

February 2, 2024
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02Feb

UK. One in four have stopped paying into their pensions

Almost two in five pension investors have stopped contributions or cut back on payments in the past five years, new research from wealth manager Investec Wealth & Investment has revealed. The nationwide study found a quarter have stopped paying into their pensions altogether, while another 12% have dramatically or slightly reduced monthly contributions. One of the primary reasons given was the cost-of-living crisis, followed by moving jobs or receiving a pay cut. Investec estimates the average amount of lost contributions adds up...

February 2, 2024
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