August 2023

Tell the young the truth: they won’t get a state pension

When Mr Asquith designed the old age pension, which began on 1 January 1909, it was five shillings a week (equivalent to less than £30 now), and was paid only to people over the age of 70. At the time, the average lifespan of men was 48 and women 52. Last year, the total pensions bill was £110 billion, and by 2025 it may be £135 billion, or more than the total expenditure on defence, education and by the...

Generational capital: how stock rent is supposed to work

The statutory pension insurance system in Germany is faced with a dilemma: more and more pension recipients are faced with fewer and fewer contributors. So far, the statutory pension system has been structured according to the pay-as-you-go system: the contributions of the contributors are used to pay out the pensions to the recipients. Statutory pension insurance no longer sustainable But this money is no longer enough. Last year, taxpayers paid more than 100 billion euros into the pension fund as a...

Motorcycle taxi drivers want to participate in social insurance to have pensions

Many motorcycle taxi drivers who are carrying tourists to visit Quang Nam Province’s UNESCO-recognized natural heritage site of Hoi An City, the Hoai River with meager income but they still want to pay voluntary social insurance so that they will have a pension to ensure their life when they get old. On a field trip to Quang Nam Province organized by the Vietnam Social Security, journalists in Hanoi and Ho Chi Minh City interviewed motorcycle taxi drivers in the ancient...

Afores, obligadas a llamar a quienes estén por jubilarse

Tendrán que realizar el contacto telefónico cuando menos en tres intentos en distintos horarios, dos días de la semana, durante tres semanas consecutivas. Las administradoras de fondos para el retiro (afores) tendrán la obligación de contactar con llamadas al trabajador que está apunto de jubilarse para así asesorarlo en el trámite, de acuerdo con información de la Comisión Nacional del Sistema del Ahorro para el Retiro (Consar). Actualmente, la normatividad establece que las administradoras de fondos deberán identificar las cuentas individuales...

Jubilaciones, pensiones y AUH: cuánto se cobrará en septiembre después de los aumentos

Este jueves, el Gobierno anunció un aumento del 23,29 por ciento en las jubilaciones y la Asignación Universal por Hijo (AUH) a partir de septiembre. De esta forma, el haber mínimo, sin el bono, pasará a ser de $87.489. Anses, además, anunció que pagará para los jubilados de la mínima un bono por los próximos tres meses de 27 mil pesos cada mes, por lo cual “ningún jubilado cobrará menos de $114.460″, al menos hasta noviembre, según dijo la directora...

La PAM, justa y necesaria pero insostenible

En las últimas semanas, se ha debatido ampliamente sobre el aumento de los ingresos en los hogares más pobres de México, reflejado en la Encuesta Nacional de Ingreso de los Hogares del Inegi. Mientras algunos argumentamos que este aumento se debe principalmente a las políticas laborales, no se puede negar la importancia de la política social. No obstante, existe una preocupación creciente acerca de la viabilidad financiera de estos programas, especialmente con relación a la pensión destinada a los...

La Moneda apuesta todo al avance de reforma de pensiones para recuperar agenda en medio de lío de platas

Marcar un hito que sirva de reimpulso al debate previsional. Ese es el objetivo que se ha propuesto el gobierno del Presidente Gabriel Boric para este viernes. El Mandatario participará del conversatorio “Mejores pensiones para Chile”, en el gimnasio municipal de Macul junto a la expresidenta Michelle Bachelet y la organizadora de la actividad, la ministra del Trabajo Jeannette Jara. Al evento, que espera convocar a cerca de 800 personas, llegarán parlamentarios oficialistas y están invitados todos los presidentes de...

Report finds Canadian pension risk transfer market saw $7.8BN in transferred liabilities in 2022

Canada’s pension de-risking market saw a record-breaking year in 2022, with $7.8 billion in transferred liabilities and 155 transactions, according to a new report by Eckler Ltd. Mary Kate Archibald, pension principal at the consultancy, says the increase in the total sum for the year wasn’t a surprise due to the interest rate environment. To stave off rising inflation, the Bank of Canada has hiked interest rates 10 times in a row since March 2022. “When interest rates go up, the...

Retirement Benefits Authority orders trustees to revise Kenyatta National Hospital pension dues

The Retirement Benefits Authority (RBA) has ordered the trustees of Kenyatta National Hospital (KNH) Staff Superannuation Scheme to recalculate the pension dues of workers who retired between 2011 and 2017. In a letter to the chairman, board of trustees, the RBA ordered the trustees to recalculate the dues as per a judgment obtained by 115 former employees at the Retirement Benefits tribunal. The former employees had sued the trustees of the scheme seeking unpaid lump sum benefits amounting to Sh123 million...

We will partake in government’s new DDEP – SSNIT

The Social Security and National Insurance Trust (SSNIT) has said the new terms of the Domestic Debt Exchange Programme (DDEP) offered by government was better than the previous one. According to the Director-General of SSNIT, Dr John Ofori Tenkorang, the Trust will fully participate in government’s alternative Domestic Debt Exchange Programme including pension funds. He noted that the move will however not affect its payment of pensions to beneficiaries. “Government has tabled a new offer for pension funds that are...