October 2023

Paraguay. IPS evalúa aumentar promedio para jubilación ante alerta financiera

El IPS plantea medidas urgentes ante la amenaza de una crisis financiera en el Fondo de Jubilaciones y Pensiones, incluyendo la posibilidad de aumentar el promedio utilizado para calcular las jubilaciones. El Instituto de Previsión Social (IPS) está evaluando nuevas medidas ante el aviso de una posible crisis financiera en el Fondo de Jubilaciones y Pensiones. Una de las propuestas es aumentar el promedio que se utiliza para calcular la jubilación, según informó José Velázquez, director de la Asesoría Actuarial...

As the U.S. birth rate falls, immigration reform may be ‘the answer hiding in plain sight,’ analyst says

As the U.S. fertility rate continues to fall, there are growing concerns about the long-term economic impact: A smaller population means less tax revenue, which could reduce funding for programs such as Social Security and Medicare. But immigration policy reform could be one solution, some experts say. The U.S. birth rate fell slightly in 2022 compared with 2021, with roughly 3.7 million babies born nationwide, and the birth rate still hasn’t recovered to pre-pandemic levels, according to an initial analysis from the Centers for Disease Control...

UK. Govt urged to using ‘more timely’ data for state pension triple lock

The government should consider using more timely inflation and earnings growth data as part of long-term plans for the state pension triple lock, Aegon has said. The September inflation figure that could be used for the state pension increase in April will be announced next week (18 October), although it is expected to be below the 8.5 per cent earnings growth figure for May-July, which was published in August. While Aegon acknowledged that state pension rises need to be confirmed early...

Large parts of Asia are getting old before they get rich

A bulge in a country’s working-age population is a blessing. Lots of workers support relatively few children and retired people. So long as the labour market can absorb a surge of job-seekers, output per head will rise. That can boost savings and investment, leading to higher economic growth, more productivity gains and developmental lift-off. Yet for countries that fail to seize this opportunity, the results can be grim—as many developing countries may soon discover. Consider Thailand. It is rapidly greying....

Pensiones en México: retos y recomendaciones

En México, la población está atravesando un proceso de envejecimiento demográfico, definido como el incremento gradual en la proporción de personas de 60 años y más con respecto a la población total (CEPAL). Aunque la Ley de los Derechos de las Personas Adultas Mayores (DOF, 2022) establece que se considera adulto mayor a quienes tienen 60 años o más, el acceso a la mayoría de las pensiones, tanto contributivas como no contributivas, comienza a partir de los 65 años....

Chile. Ofician a Boric para que ponga urgencia a moción que prohíbe a las AFP repartir utilidades si cae la rentabilidad de los fondos

Mientras la reforma al sistema de pensiones sigue estancada y no parece que su tramitación se retome en los próximos días, al menos; se profundiza en el oficialismo la preocupación a raíz de las consecutivas pérdidas en los multifondos más riesgosos –C, D y E-, ya que en ellos están los ahorros de los trabajadores que por su edad están más cerca de la jubilación. Es por ello que la bancada de diputados PPD e independientes instó este miércoles al...

Colombia. Reforma pensional en Colombia: ¿Qué dicen los expertos de las cuentas del Gobierno?

Mientras la reforma a la salud hace trámite en el Congreso, en medio de críticas porque representantes a la Cámara aseguran que no se requiere viabilidad financiera de Hacienda, la reforma pensional revive viejas disputas sobre qué tan sostenible sería el modelo planteado. El Ministerio de Hacienda, en cabeza de la viceministra María Fernanda Valdés, entregó un documento de 12 páginas en el que expone por qué es viable financieramente el modelo planteado en la reforma y por qué cumpliría...

U.S. Public Pension Funds Show Moderate Improvement in Q3

Today, Equable Institute released a mid-year update to its State of Pensions 2023 report. The analysis finds the aggregate funded ratio for U.S. state and local retirement systems are on track to improve from 75.0% in 2022 to 78.8% in 2023, based on data available through September 30th, 2023. Equable Institute estimates that unfunded liabilities will total $1.39 trillion for the 2023 fiscal year, compared to $1.59 trillion at the end of 2022. As more data becomes available about fiscal year 2023,...

Nigeria. Informal sector workers demand social protection

The Federation of Informal Workers of Nigeria has canvassed for social protection for informal workers, noting that over 90 per cent of Nigerians are engaged in the sector. The call was made by delegates at the 2nd Delegates Conference of the Federation of Informal Workers’ Organisations of Nigeria held recently in Lagos. The union argued that government policies have led to the collapse of many industries in the formal sector over the years. This has led to rapid expansion of the...

Pension deal agreed for UK academics but divisions over pay remain unsolved

University staff will have their pension benefits restored by next April under an agreement reached between Universities UK (UUK) and the University and College Union (UCU), which represents over 120,000 researchers and teaching staff. UCU members have taken 69 days of strike action since 2018 to defend their pension benefits. But the union has vowed to keep the pressure on as it seeks concessions on pay and job security. UCU has balloted its members and will know by the...