January 2024
02Jan

US. California Offering Health Insurance To Undocumented Immigrants: What To Know

Undocumented adults between the ages of 26 and 49 in California will qualify for health insurance under the state’s Medi-Cal program beginning Monday, provided they meet eligibility requirements for the program, which is designed to insure low income residents. This move expands the state’s health insurance coverage to include all undocumented immigrants—the state previously only covered undocumented children, those between 19 and 25 and those 50 years and older.​​ This expansion—which was approved in legislation in May—will make around an additional 700,000 undocumented residents eligible...

January 2, 2024
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02Jan

Chile. “La gente espera soluciones de la política”: Presidente Boric llama a concretar el pacto fiscal y alza en pensiones

En el mensaje presidencial transmitido la noche del domingo, a horas de que iniciara un nuevo año, el Mandatario destacó avances en materia de seguridad, económica y de salud, entre otros aspectos y afirmó que “hay buenas razones para mirar el 2024 con esperanzas y para que esas esperanzas se concreten”. En un saludo de año nuevo transmitido a través de cadena nacional, el Presidente Gabriel Boric realizó un balance de la gestión del gobierno y abogó por el diálogo entre sectores políticos para...

January 2, 2024
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02Jan

Panamá. Emergencia pensionaria en 2024: Reservas agotadas y la inacción del Gobierno

El 2024 ha llegado, y con él, la temida realidad: este año se acaban las reservas del subsistema exclusivamente de beneficio definido de pensiones. Así lo habían advertido tantos los actuarios de la Caja de Seguro Social (CSS), como la Organización Internacional del Trabajo (OIT), sin que las autoridades hayan hecho ningún movimiento para frenar la debacle. El pronóstico era que las reservas del subsistema de IVM y el fideicomiso a su favor se agotarían entre el último trimestre de...

January 2, 2024
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02Jan

South Korean president set to reform pensions, labor and education

South Korean President Yoon Suk-yeol has shown a steadfast commitment to implementing sweeping reforms in labor, education, and pensions, as he acknowledged in his recent New Year address. The President’s pledge mirrors his unwavering resolve to address the long-standing rigidity of the nation’s job market, enhance the quality of education, and ensure the sustainability of the pension system. This commitment marks these policy areas as likely focal points for his administration’s significant legislative and practical efforts. Addressing Labor Concerns President Yoon’s...

January 2, 2024
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02Jan

How Gen Z is navigating the world of wealth

More than 50 percent of the world’s population is under the age of 30. But raging global inflation means most of Gen Z, born in the late 1990s to late 2010s, can barely afford to pay rent and food bills. However, Gen Z is starting to harness its increasing buying muscle (see Fig 1) and the way they view their financial choices is different to previous generations. So, who are Gen Z listening to and trusting? Dr Michael Harrison is...

January 2, 2024
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02Jan

The research aiming to keep people healthier for longer

Despite what the young might like to think, ageing is inevitable as adulthood progresses. In How We Age, geneticist Coleen Murphy provides no silver bullets for remaining youthful. Rather, she offers a scholarly account of the state of ageing research that is both lively and personal. She also gives real insight into the ups and downs of leading a research laboratory. The book is a paean to the power of invertebrate model organisms such as the worm Caenorhabditis elegans and fruit fly Drosophila melanogaster,...

January 2, 2024
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December 2023
21Dec

US. Despite Concern from Lawmakers, US Pensions and Endowments Pour into China

American public pension funds and university endowments continue to invest billions in China, according to a report from Future Union, an advocacy organization. The “Rubicon Report” criticizes institutional investors and funds for financing what the organization calls adversarial states. According to data collected by Future Union, public pension funds in 43 U.S. states currently hold investments in China and Hong Kong, according to private and public databases as of June 30. Of the 74 largest pension funds, 29 have made...

December 21, 2023
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21Dec

US. Social Security rule for beneficiaries who keep working is ‘poorly understood,’ report finds

Workers who turn 62 years old might be tempted to increase their income by claiming Social Security retirement benefits. But those claimants should understand that their Social Security benefits may be temporarily reduced due to the income they earn. That Social Security rule — the retirement earnings test — is "poorly understood by the public," finds a new report from the Social Security Advisory Board, a bipartisan, independent federal agency. Between 20% and 50% of pre-retirees do not know that their monthly benefits might be lowered if they...

December 21, 2023
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21Dec

How Japan’s aging population is shaping the future of nursing care

How will the aging population impact the provision and sustainability of care? We put the question to Dr Yukari Nakano, Executive Officer at the Japanese Nursing Association People are living longer than ever before, and though this is a positive sign of improvements to physical and social surroundings, many still spend their twilight years in poor health. Population aging also equates to a greater demand for long-term care and an expanded healthcare workforce capable of providing the specialized care many...

December 21, 2023
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21Dec

The best and worst countries for pensions and retirement in Europe

Moving to another country to eventually retire requires a lot of careful research and planning, taking into account social security, health care, and finances. U.S. consultancy Mercer issues a closely-watched annual report that analyzes 47 different retirement income systems around the world — with European nations often coming out on top. In fact, three countries have dominated the Mercer CFA Institute’s global index since 2021. Namely, Iceland (a 84.6 average), the Netherlands (a 84.4 average) and Denmark (a 81.8 average) have...

December 21, 2023
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