August 2023

Govt targets pension funds in renewed debt exchange

It will also exchange debt in the energy sector, including independent power producers (IPPs), cocoa bills, local US dollar-denominated bonds, and Bank of Ghana non-tradable debt, as part of efforts to bring the country’s debt to sustainable levels. The Minister of Finance, Ken Ofori-Atta, who disclosed this when he presented the Mid-year Budget Review to Parliament yesterday, said the DDEP had provided the government with increased fiscal flexibility and addressed cash and other liquidity constraints. He, however, said to complete the...

South Africa’s EPPF builds resilience in governance-focused strategy

South Africa’s EPPF wants to increase its allocation to private equity and venture capital to help ride out volatility at home in a strategy where governance and stakeholder engagement is central. CEO Shafeeq Abrahams explains. South Africa’s R190 billion ($10 billion) Eskom Pension and Provident Fund (EPPF) the retirement plan for employees of the country’s electricity utility, is currently building resilience into the portfolio, seeking greater diversification through an increased allocation to alternatives and overseas investments. Elsewhere, EPPF is reviewing...

July 2023

¿Aumento de pensión para jubilados? Pago podría llegar hasta los S/ 1.025

La comisión de Trabajo y Seguridad Social del Congreso aprobó por unanimidad el dictamen que beneficia a los jubilados, este consta de un artículo, en el que se indica:"Declárese de interés nacional el establecimiento progresivo de una pensión mensual equivalente a una remuneración mínima vital para los pensionistas pertenecientes al régimen del Decreto Ley 19990 y Decreto Ley 20530". A continuación te damos a conocer en qué consistiría la iniciativa para el aumento de pensión para los jubilados, que podría alcanzar hasta los 1.025...

AFP: empleadores también deben aportar para pensión

Ante la inexorable reforma del sistema de pensiones —pendiente de debatirse en el Congreso—, la Federación Internacional de Administradoras de Fondos de Pensiones (FIAP) considera que es oportuno que los empleadores aporten para la jubilación de los trabajadores, en un contexto en el que es prioridad “universalizar el aporte voluntario”. “La obligatoriedad para los empleadores de enrolar a sus trabajadores ha tenido éxito en varios países”, resumieron. Y es que, a criterio del ente matriz en el ideario de las...

La impresionante cifra que le costará a Colombia el pago de pensiones en el 2024

Este fin de semana fue radicado ante el Congreso de la República el proyecto de presupuesto General de la Nación para el 2024. Este quedó aforado en $502,5 billones, 18,9% más frente al que se está ejecutando este año. El ministro de Hacienda, Ricardo Bonilla, dijo que este plan está formulado para apoyar los pilares de justicia social y ambiental previsto en el Plan Nacional de Desarrollo. Este fin de semana fue radicado ante el Congreso de la República el proyecto de presupuesto...

Pensión IMSS 2023: El cambio en el pago de agosto que llenará de tranquilidad a los jubilados

La Suprema Corte de Justicia de la Nación (SCJN) acaba de hacer una resolución que llenará de tranquilidad a los jubilados adultos mayores que reciben su próximo pago de agosto de la Pensión del Instituto Mexicano del Seguro Social (IMSS) y del Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (ISSSTE), así como los subsecuentes. A continuación, te detallamos de qué trata. La Corte mexicana declaró un acto de inconstitucionalidad que cualquier banco en México disponga del dinero que los jubilados reciben mes a mes de...

Labour Minister talks pension reform, new pay system in budgetary sector with EC

Labor Minister Simona Bucura-Oprescu held, on July 27, a series of discussions with officials and experts of SG Recover within the European Commission DG ECFIN, focused on completing the reforms aimed at the public pension system and wages in the budgetary sector as outlined in the PNRR. The outcome, as announced by the minister in a Facebook post, indicates an early stage of the process of sketching the reforms. The sides agreed “to find the best version of reform” in order to help...

Occupational pension provision – Rising interest rates are good for old-age provision

The “third contributor” is back in the occupational pension scheme – thanks to the turnaround in interest rates. SRF business editor Susanne Schmugge explains how this affects the pension fund assets and the problems of old-age provision. Open the people box Close the people box Susanne Schmugge is a business editor at SRF. She studied history with a focus on economic history and social sciences and has been working at Radio SRF since 2008. Who is the “third contributor”? In the case of...

PFRDA changes rules for National Pension Scheme with drawl

The Pension Fund Regulatory and Development Authority (PFRDA) has issued a notification on 27th July 2023. Making the partial/ full with drawl easier from NPS In which the rules for ending the National Pension Scheme (NPS). It will be beneficial for crores of NPS subscribers. It was said in the notification that now the NPS subscribers could opt out of the NPS and choose any other plan. The good thing in this is that the subscribers will not have to pay...

GPSSA launches unified GCC campaign on insurance protection extension system

The General Pension and Social Security Authority (GPSSA) has launched a unified campaign in collaboration with pension and social security authorities across the GCC region. The primary objective of this campaign, as explained by Dr. Maysa Rashed Ghadeer, Government Communications Director at the GPSSA, is to guarantee that citizens receive adequate insurance protection, regardless of their work location within the GCC. The extension protection system enables GCC nationals employed in UAE-based entities to be registered with the GPSSA and receive end-of-service...