November 2023

México. En 2024 se destinarán 1.1 billones de pesos para subsidios

Pese al crecimiento de lo aprobado por arriba de 2023, el gasto en subsidios estará concentrado en las Pensiones de Adultos Mayores, dejando al descuido otros sectores como el de educación, salud o seguridad. Recursos concentrados Un análisis realizado por México Evalúa considera que el gasto en subsidios tendrá un fuerte componente electoral el siguiente año, pues del total de los 1.1 billones de pesos, 465,000 millones serán para el programa de Pensión para el Bienestar de las Personas Adultas Mayores,...

CISS llama a fortalecimiento los sistemas de seguridad social en el continente

El secretario general de la Conferencia Interamericana de Seguridad Social (CISS), Alvaro Velarca, acudió a Washington D.C. para acompañar los esfuerzos de la Confederación Latinoamericana y del Caribe de Trabajadoras del Hogar (CONLACTRAHO) en conjunto con la Federación Internacional de Trabajadoras del Hogar (FITH), quienes tendrían una segunda audiencia pública ante la Comisión Interamericana de Derechos Humanos (CIDH) sobre la implementación del convenio 189 de la OIT en el continente. Previo a la audiencia, Velarca y las delegadas de dichas organizaciones,...

US. UAW goes all in on building Cadillac DC plans for members

The United Auto Workers' talks last month with Ford, General Motors and Stellantis concluded without the long-shot reopening of the "Cadillac" defined benefit plans that union executives had targeted. Instead, the union won enough concessions to make members' defined contribution plans a plausible alternative for securing a comfortable retirement. Analysts say the surprisingly strong deal the UAW secured in those talks from U.S. automakers for member 401(k) accounts could elevate the prominence of DC-related demands in future collective bargaining talks. The...

UK pension funds step in to build affordable homes

The UK’s pension funds are increasingly stepping in to build affordable homes as the housing crisis worsens. Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, is the latest to enter the market. It is building 125 affordable homes in Kingston upon Thames, south-west London, in partnership with the developer London Square and its affordable housing subsidiary, Square Roots The £50m project, which is due to be completed by November 2025, is backed by a £4.9m grant from the...

Kenyan Aging Study Aids Sub-Saharan Africa’s Population Shift

The population of Africa is the youngest in the world-but that is expected to change rapidly in the coming decades. Over the next three decades, the proportion of older Africans will triple across the continent. This population will nearly quadruple in Kenya, one of the most rapidly aging countries in Sub-Saharan Africa. And yet demographers report that robust longitudinal data to address the economic and health-related consequences of this demographic transition are largely missing. The Longitudinal Study of Health and Ageing in Kenya (LOSHAK), a...

México. Alza salarial impacta retiros de las Afore por el desempleo

De enero a septiembre sacan 19 mil 533 mdp; cifras de la Consar indican que menos trabajadores utilizaron un mayor monto de los ahorros El aumento salarial que se ha dado en este gobierno tiene un impacto sobre los retiros por desempleo que las personas realizan de sus cuentas de Afore, pues si bien son menos los trabajadores que utilizan esa prestación, los recursos dispuestos de su ahorro siguen al alza. “Los retiros por desempleo crecen por el aumento del salario...

Aumenta el número de trabajadores independientes en Perú que se afilian a las AFP

La Superintendencia de Banca, Seguros y AFP, SBS, resalta la incorporación de nuevos afiliados no dependientes al Sistema Privado de Pensiones, SPP, en medio de un proceso de reforma que buscan integrar los esquemas vigentes de ahorro previsional público y privado. “Pese a que la economía no se ha formalizado en los últimos años de una manera tan fuerte, es interesante anotar que hay un porcentaje mayor de trabajadores independientes que se afiliaron al sistema privado de pensiones”, enfatizó Elio Sánchez, Superintendente Adjunto...

U.S. Population Will Start Shrinking by 2100, Census Bureau Forecasts

The population of the U.S. will climb to about 370 million in 2080 before reversing course and starting to fall before the turn of the century, according to a new Census Bureau projection. By 2100, the U.S. will have a population of around 366 million people, unless immigration continues to climb each year, in which case the population could reach as high as 435 million, the bureau forecas U.S. House Votes to Censure Rep. Rashida Tlaib Over Israel Stance In the implausible...

UK. DB pension surpluses remain broadly stable

Defined benefit (DB) pension surpluses remained broadly stable during October, registering a slight decrease, but remaining elevated compared with recent years, according to XPS Pensions Group’s latest DB:UK funding tracker. The consultancy's tracker tool estimated that the aggregate surplus of UK pension schemes, when measured on a long-term target technical provision basis, stood at about £184bn on 31 October, which translates into an aggregate funding level of 115 per cent. A moderate 0.1 per cent rise in long-term gilt yields led...

3 Factors That Affect People’s Retirement Planning Decisions

A whopping 95 per cent of respondents “adhere” to their retirement plan, while 54 per cent follow it precisely, and 41 per cent miss out on a few aspects occasionally, according to the PGIM India Mutual Fund Retirement Readiness Survey 2023.   Sixty-seven per cent have a retirement plan in place, while 63 per cent believe they have a comprehensive one. Regardless of a retirement plan, fixed deposits (FD) are the most preferred investment vehicles among the respondents. FDs bagged the top place in the survey, followed...