April 2024
30Apr

Czechs approve raising retirement age to help future budgets

The Czech government approved changes to the country's pension system on Tuesday, raising retirement ages and lowering pensions for future retirees as it aims to save the system billions of dollars per year. The reform builds in gradual shifts in the retirement age, delaying retirement by seven months for people who are now 52, compared to the current retirement age of 65, according to plans. It also lowers pensions calculated for future retirees by about 8% compared with the current...

April 30, 2024
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30Apr

UK. ‘Shocking’ tech leaves pensions industry in precarious position

The pensions industry has built up a ‘technical debt’ that must be addressed if it is to engage and educate savers, experts have warned. Delegates at the Pensions Administration Standards Association (Pasa) conference in the City of London were told pensions technology was at least “10 years behind” other industries. Paul Sturgess, director of Pasa said: “I fear that the time frame [for keeping up with available technology in other industries] has got bigger than the heady days of 2000.” Paul Leandro,...

April 30, 2024
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30Apr

Dutch pension sector’s funding ratio improves

In the first quarter of 2024, Dutch pension funds saw their funding ratios improve relative to the previous quarter, as the increase in their liabilities was lower than the growth in their investments. Total investments increased by €35 billion to €1,599 billion, while aggregate liabilities increased by €5 billion to €1,370 billion. The funding ratio reflects a pension fund’s current financial position, expressing the ratio between investments and liabilities. The average funding ratio stands at 116.7% The Dutch pension sector’s average...

April 30, 2024
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29Apr

Chile. Pulso Ciudadano: 65,9% considera que la reforma más urgente es la reforma de pensiones

Durante la mañana de este domingo se conocieron los resultados de una nueva encuesta Pulso Ciudadano, en donde un 32% afirmó que votarían por Claudio Orrego como gobernador de la región Metropolitana, además de que un 65,9% dijo que la reforma más urgente es la reforma de pensiones. En esta publicación del sondeo se entrevistó a 1.115 personas, hombres y mujeres mayores de 18 años, a través de un panel online realizado entre el 24 y 26 de abril, en donde se les preguntó sobre...

April 29, 2024
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29Apr

No poder jubilarse jamás: el sombrío panorama que ahoga cada vez a más personas en EEUU

Cerca de una cuarta parte de los adultos de 50 años o más en Estados Unidos cree que no podrá jubilarse nunca y al 70% de ellos le preocupa que los precios suban más rápido que sus salarios, mostró un estudio de AARP. Cerca de 1 de cada 4 de esos adultos de 50 años o más dijo no tener dinero guardado para el retiro, según el reporte. Los gastos del día a día y de la vivienda, incluyendo los alquileres y las hipotecas,...

April 29, 2024
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29Apr

Precariedad del sistema de pensiones en Latinoamérica obliga a trabajar más allá de los 65

En México, la mitad del trabajo es informal, en Brasil se duplicaron los pensionistas que trabajan y en Perú, Bolivia o Paraguay, la mayoría carece de sistema de jubilación La precariedad del sistema de pensiones en los países de América Latina y el Caribe obliga a millones de sus trabajadores a buscar en el mundo laboral informal una vía para completar sus bajos ingresos, después de décadas de trabajo y de haber superado la edad de jubilación, informó la agencia...

April 29, 2024
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29Apr

25% of Americans over 50 don’t expect to retire. How to start saving

About a quarter of Americans above the age of 50 say they expect to never retire as the cost of living rises faster than their income, according to a new AARP study. Certified financial planner Shinobu Hindert joined NewsNation’s “Morning in America” with tips on how to plan for retirement amid rising prices. Hindert says when planning for retirement, a person should ideally have the equivalent of one year’s salary saved by the time they are 30, three times their annual salary...

April 29, 2024
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29Apr

UK’s opposition Labour Party commits to triple-lock pension policy

Britain’s opposition Labour Party has committed to keeping for at least five years the so-called triple lock that guarantees rises to state pensions, if it wins the election, underscoring the importance of pensioners to the outcome of the vote. Labour have held an around 20-point lead in opinion polls over Prime Minister Rishi Sunak’s Conservative Party for the last nine months, but the one area where they tend to struggle is with voters over 65 years old. Labour leader Keir Starmer...

April 29, 2024
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29Apr

Germany to hike pensions nationwide by 4.57%

The more than 21 million pensioners in Germany would receive a substantial 4.57 percent pension increase beginning on July 1, after the German Cabinet approved the adjustment in Berlin. With this increase, pensions are set to rise faster than inflation in the country. The last time pensions rose faster than inflation was in 2000. The increase is larger than originally predicted, which the Labour Minister Hubertus Heil, credited to strong wage growth in Germany. In the autumn, estimates had predicted an increase of...

April 29, 2024
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29Apr

Czech Republic. Government to debate proposed pension reform next week

The government is set to discuss proposed changes to the pension system on Tuesday. The proposal envisages a gradual increase in the retirement age linked to a higher life expectancy, a different basis for calculating old-age pensions, a lower indexation of pensions and a minimum pension amounting to 20 percent of the average wage. Most of the changes would affect people born after 1966. The present retirement age is 65 for both men and women. According to Labour Minister Marian...

April 29, 2024
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