November 2025
20Nov

Romania unveils draft law to cap magistrates’ pensions

The Romanian government published a draft law on Wednesday to cap magistrates' pensions at 70 percent of their final net salary and to gradually raise their retirement age to 65 over 15 years starting from Jan. 1, 2026. The proposal has been released for public consultation as part of a transparency procedure. The Ministries of Labour and Justice put forward the bill, saying that it aims to "bring more sustainability and fairness" to the special pension system for judges and...

November 20, 2025
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20Nov

The smart decision 20 years ago that saved a Japanese town

Akiyas are perhaps the most visible sign of the country’s ageing population, which has shrunk for 16 consecutive years as the fertility rate has collapsed and deaths have outpaced births. Hundreds of rural villages are at risk of disappearing in coming decades. There are about 9 million akiyas across Japan, even in major cities such as Tokyo and Osaka, but you need to venture only an hour or two outside metro areas to find them in abundance. In the village of...

November 20, 2025
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20Nov

Why private pensions can’t fix the ageing problem

Across Europe, politicians increasingly tout private pensions as a cure-all for reviving stagnant stock exchanges, fostering entrepreneurship and curbing ballooning public spending as populations age. But any governments that bet on this solution may be disappointed. A proliferation of individual piggybanks will not solve the deeper challenges that flow from having purchasing power ever-more concentrated in older hands. According to the United Nations, Europe’s population aged 20 to 64 will shrink by 31% between now and 2100, while longer lifespans...

November 20, 2025
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19Nov

Afores consiguen plusvalías históricas para trabajadores por más de 1 billón de pesos

Entre enero y octubre las Administradoras de Fondos para el Retiro (Afore) que operan en el país consiguieron para los trabajadores plusvalías por un monto de un billón 83 mil 705 millones de pesos, una cifra sin precedentes desde que existen registros, es decir, 1997, reveló este martes la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). De acuerdo con la dependencia, sólo en octubre pasado las 10 Afore que participan en el mercado local reportaron 142 mil...

November 19, 2025
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19Nov

Colombia. Reforma pensional de Petro: ministro del Trabajo dijo que “no van a embolatar el derecho de 26 millones de trabajadores”

El ministro del Trabajo, Antonio Sanguino, manifestó su optimismo respecto a que la reforma pensional impulsada por el Gobierno de Gustavo Petro superará la revisión de la Corte Constitucional y entrará en vigor en 2025, una decisión que mantiene en expectativa a millones de trabajadores colombianos. “Estoy optimista. Yo creo que el magistrado Ibáñez no va a lograr su propósito de engavetar o de embolatar el derecho de 26 millones de trabajadores colombianos a una pensión en condiciones de dignidad”,...

November 19, 2025
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19Nov

Perú. Retiro de AFP: 20% de los hogares peruanos usará el dinero para compras de consumo masivo

En el marco del octavo retiro de fondos de la AFP aprobado por el Congreso, que permite a los afiliados retirar voluntariamente hasta S/ 21,400 (equivale a cuatro Unidades Impositivas Tributarias), Worldpanel by Numerator, compañía líder especializada en investigaciones con paneles de hogares, consultó a los hogares para conocer cuáles serán los principales destinos que le darán a este beneficio Los resultados de la encuesta, que permiten respuestas múltiples, revelan que el 38% de los hogares planea usar el dinero de la AFP...

November 19, 2025
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19Nov

IRS Releases Updated Retirement Plan Annual Limits and Includes Unexpected Increase

The IRS released the cost-of-living adjustments for qualified defined contribution plans for the 2026 tax year (IRS Notice 2025-67). The following chart summarizes the key increases applicable to defined contribution plans for 2026: 2026 2025 Defined contribution plan limit $72,000 $70,000 Elective deferral limit (401(k), 403(b), and 457(b)) $24,500 $23,500 Catch-up contributions (Age 50+) $8,000 $7,500 Super catch contributions (age 60-63) $11,250 $11,250 Roth catch-up wage threshold for 2025 $150,000 Annual compensation limit $360,000 $350,000 Unexpected by many employers, the IRS changed the Roth catch-up contribution FICA wage threshold for 2025 (used to determine the limited status for 2026) from...

November 19, 2025
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19Nov

Is Rachel Reeves About to Shake Up UK Pensions in the Autumn Budget?

Without changes to the personal allowance, the ‘triple lock’ is set to push pensioners into the taxpayer bracket. The UK state pension guarantee is unlikely to be changed at the Autumn Budget but could be axed in the future. The chancellor is already under significant strain after a reported U-turn on raising income tax. Some UK pensioners could pay tax for the first time if further increases to the UK state pension push them over a key income tax threshold. This could...

November 19, 2025
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19Nov

Milliman analysis: Competitive pension risk transfer cost declines to 100.1% during October

Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). During October, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process decreased from 100.5% to 100.1% of a plan’s accounting liabilities (accumulated benefit obligation, or ABO). That means the estimated retiree PRT cost is now 100.1% of a plan’s ABO. During the same time period, the average annuity purchase cost across all insurers...

November 19, 2025
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19Nov

Nigeria. Pension fund soars to N26tn

Nigeria’s pension fund assets recorded 22.03 per cent growth as of the end of the third quarter, as they rose by more than N4.71tn, with Pension Fund Administrators deepening their allocation to Federal Government securities, according to the latest monthly data released by the National Pension Commission. The figures, contained in PenCom’s latest Monthly Industry Report, indicated that total pension assets increased from N21.38tn in September 2024 to N26.09tn in September 2025, marking a robust year-on-year expansion of the Contributory...

November 19, 2025
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