editor, Author at Pension Policy International

07NovNovember 7, 2023

China pension fund posts 0.33% gain in 2022

The basic pension fund managed by China’s social security fund gained RMB 5.1 billion, or 0.33% in 2022, down from a 4.9% gain in 2021, the National Council for Social Security Fund said on Saturday, reports Reuters. The shrink in yield was mainly impacted by deep changes in global economic and political situations and increasing fluctuations in the financial markets, the state investor said in a statement. China’s stock benchmark CSI 300 lost 21.6% in 2022 and so far this year...

November 7, 2023

NewsChina, Investment, Pension Management

07NovNovember 7, 2023

U.S. corporate pension plan funding ratio climbs to new high for year

The overall funding ratio at the 100 largest U.S. corporate pension plans edged up to 104.2% as of Oct. 31 – a new high for the year, according to the latest Milliman 100 Pension Funding Index released on Nov. 6. The funding ratio was 103.6% at the end of September. An investment return of -2.68% in October, the third consecutive month of losses, was offset by a significant increase in discount rates to 6.2% from 5.84%, which contributed to the gain. Assets...

November 7, 2023

NewsFunding, Occupational Pensions, US

07NovNovember 7, 2023

UAE. GPSSA: Merging employment services improves retirement options

Merging previous service periods is a pivotal step to pursue in order to enhance an insured individual’s chances in obtaining a better retirement pension scheme, since it results in a continuation and extension of employment years up until the insured completes the remaining years eligible for a pension, stressed the General Pension and Social Security Authority (GPSSA). As part of the “End it Right” campaign’s quest to ensure insured individuals receive the highest retirement pension possible, while securing their post-retirement...

November 7, 2023

NewsOperations, UAE

06NovNovember 6, 2023

Chile. Reforma previsional congelada hasta despues del plebiscito le conviene al gobierno

Como “la única opción real” que tiene el Gobierno para que se avance en la reforma previsional que está impulsando es vista la decisión de mantener “congelada” la iniciativa hasta después del Plebiscito de Salida de la nueva Constitución. Así al menos lo aseguró la investigadora en sistemas de pensiones y académica de la Universidad de Santiago, Denise Laroze, quien comentó a EL DÍNAMO que dicho aplazamiento “es una mirada realista de las circunstancias que vive el país”. También se mostró “totalmente de acuerdo” con las...

November 6, 2023

NoticiasChile, Reforma de Pensiones

06NovNovember 6, 2023

Colombia. Pensión para mujeres podría bajar a menos de 1.000 semanas: estos serían los requisitos

Durante este año, se ha generado un amplio debate en torno a la pensión, principalmente debido a la propuesta de reforma pensional presentada por el Gobierno Petro. No obstante, también han surgido controversias en relación con la jubilación, específicamente en lo que respecta a la edad mínima para la pensión de las mujeres. Hasta ahora, para acceder a la pensión, las mujeres deben contar con 57 años y haber cotizado durante 1.300 semanas. Sin embargo, a partir del 2026, habrá cambios significativos, ya que la...

November 6, 2023

NoticiasBrecha de Género, Colombia, Operaciones, Regulación

06NovNovember 6, 2023

Canada. ‘Take your job seriously’: Employment Minister tells Alberta to stick with Canada Pension Plan

Federal Employment Minister Randy Boissonnault says he is against any attempt by the Alberta government to leave the Canada Pension Plan. "I can tell you that the federal government and I are very clearly committed to working with Albertans to keep them in the Canada Pension Plan," Boissonnault told CTV’s Power Play on Friday. "It's simply wrong to politicize pensions." Alberta's governing United Conservative Party contends that the province's workers put more into the Canada Pension Plan (CPP) than they get...

November 6, 2023

NewsCanada, Investment, Pension Management, System sustainability

06NovNovember 6, 2023

UK. DWP urging almost a million people to claim extra £67 each week

People are being urged to claim extra benefits worth about £67 a week from the Department for Work and Pensions (DWP). X (formerly Twitter ) was used to send out an alert regarding benefits and pensions on Wednesday. As part of its efforts to encourage people to check if they are eligible for financial support worth thousands of pounds each year, the DWP continues to urge people to do so. A post from its official account said: "Don't miss out on #PensionCredit....

November 6, 2023

NewsIncome, Regulation, UK

06NovNovember 6, 2023

South Africa: Potential Major Changes Affecting Occupational Retirement Plans

The South Africa government has proposed that changes to the two-pot retirement system, which gives workers access to pension funds before retirement, be delayed by a year. Employer Action Code: Act Draft legislation to amend South Africa's Income Tax Act and the Pension Funds Act would allow members of occupational retirement plans to access part of their future retirement accruals during employment, with the remainder accessible only upon retirement or death (known as the "two-pot" system). Existing payout rules would still...

November 6, 2023

NewsOccupational Pensions, Pension Reform, South Africa

06NovNovember 6, 2023

Africa could come to the rescue of the aging world

Big change is coming to the world. This is not entirely because of global warming. Change is also occurring because of a sharp decline in the rate of human fertility. In the developed world, women are having fewer children than ever before. Demographers have determined 2.1 children per woman as a critical threshold below which the size of the population would begin to decline. In North America, Europe and Australia the rate is well below this level with the...

November 6, 2023

NewsAfrica, Aging, Labor Market

03NovNovember 3, 2023

México. Reducción de jornada laboral: Argumentos a favor y en contra durante Parlamento Abierto

Durante las sesiones de Parlamento Abierto en la Cámara de Diputados iniciadas desde el pasado 16 de octubre, activistas, empresarios, políticos, científicos y médicos han expuesto sus razones a favor y en contra de la reforma al artículo 123 de la Constitución Mexicana, con la cual se planea reducir la jornada laboral de 48 a 40 horas. Entre las voces a favor se encuentra Alma Paz, activista conocida como “La de RH” en redes sociales. Durante la mesa de diálogo “Repercusiones económicas, fiscales, sociales y de salud de...

November 3, 2023

NoticiasMercado Laboral, Mexico

November 2023