December 2023
01Dec

2023 Prudent Pension Funding Report: A story of positive trends and persistent outliers

By Michael Hall  In the wake of last year’s market turbulence, are most corporate pension plans still on a pathway to achieving full funding? Yes, according to our latest research. Our 2023 Prudent Pension Funding Report reveals most (97%) corporate pension plans can achieve full funding without a significant draw on corporate cash, based on the respective firms’ latest disclosures as well as market and interest rate movement so far in 2023. This finding increased from 86% in last year’s report. Despite...

December 1, 2023
Books, Books, Pension Management, Reports, , ,
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01Dec

Subjective survival beliefs and the life-cycle model

By Seung Yeon Jeong, Iqbal Owadally, Steven Haberman & Douglas Wright Evidence from panel surveys of households, collected over several years and in different countries, shows that people’s perception about their remaining lifetime deviates from actuarial data. This has consequences for consumption, savings and investment over an individual’s financial life cycle, and in particular for retirement planning and the purchase of annuities. We use data from the U.S. Survey of Consumer Finances to estimate subjective survival probabilities at different ages....

December 1, 2023
Articles, Pension design, , ,
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01Dec

The health status of the retirement-age population: a first approach

By Laura Crespo & Juan F. Jimeno Rationale The health of the population aged 55 to 69 influences their labour supply and retirement decisions. This article aims to document their health status, in Spain and in other European countries, drawing on data from the Survey on Health, Ageing and Retirement in Europe (SHARE). Takeaways •There are marked differences by gender in the health status of the Spanish population aged 65 to 69. Among women, 62.9% report chronic health problems, 30.1% mobility limitations and 32.1%...

December 1, 2023
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01Dec

Augmenting the Funded Ratio: New Metrics for Liability Based Plans

By Sanjiv Ranjan Das, Daniel N Ostrov, Anand Radhakrishnan, Deep Srivastav & Wylie Tollette The primary metric used to determine the health of a liability based plan (LBP) is the funded ratio, which is the ratio of the LBP’s current assets to its present-valued liabilities. The funded ratio, however, cannot accommodate a considerable number of important financial factors, so we suggest three additional metrics of financial health, each connected to the probability of fulfilling the plan’s liabilities. The first two...

December 1, 2023
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November 2023
29Nov

Informe de Género sobre el Sistema de Pensiones y Seguro de Cesantía 2022

Por Superintendencia de Pensiones Este informe presenta un análisis descriptivo de la situación de hombres y mujeres en el sistema de pensiones y el seguro de cesantía, a partir de estadísticas desagregadas por sexo y de indicadores que permiten visualizar las diferencias y desigualdades de género, según distintas variables. Esta quinta versión del informe está elaborada con información a junio de 2022 e incluye un análisis con perspectiva de género de los tres retiros del 10% de los fondos previsionales...

November 29, 2023
Libros, Libros, Mercado Laboral, Mercado Laboral, Reportes, , , ,
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29Nov

Informe: Avances y Retrocesos de la Seguridad Social en México, 2021

Por Gabriela Mendizábal Bermúdez La seguridad social es un derecho humano reconocido en instrumentos internacionales y también en la legislación interna de cada país occidental del mundo. Esto ha sido posible gracias al desarrollo constante perceptible en los sucesos relacionados con la generación, administración y aplicación del derecho de la seguridad social. En este contexto, la seguridad social puede presentar avances o retrocesos si se analiza en un periodo determinado. Por lo anterior, este informe se ocupa de presentar los...

November 29, 2023
Caracterización del Sistema, Libros, Libros, Reportes, , ,
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29Nov

La región envejece rápido; ¿está preparada LatAm para ese reto demográfico?

Por Sebastián Osorio Idárraga La población esta envejeciendo. Es una frase recurrente y común de escuchar, especialmente en los ambientes de trabajo, que reflejan que faltan personas en la fuerza laboral para cumplir con las demandas en diferentes sectores económicos, como sucede en Estados Unidos, de acuerdo con el Banco de la Reserva Federal de Nueva York. Y América Latina y el Caribe no es ajena a esta frase y a este fenómeno de envejecimiento. La Comisión Económica para América Latina...

November 29, 2023
Artículos, Envejecimiento, Envejecimiento, , ,
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29Nov

Las pensiones universales y las pugnas dentro del federalismo mexicano

Por Anahely Medrano Buenrostro En los albores del actual milenio, el enfoque neoliberal en política social federal, particularmente en lo referente a asistencia social y pensiones, era claro y dominante en México. El programa social más emblemático de ese paradigma son las transferencias monetarias condicionadas (TMC) focalizadas en la población extremadamente pobre. Hay muchas versiones de este tipo de programas. El mexicano (inicialmente llamado Progresa) operó entre 1997 y 2018, y fue ampliamente reconocido mundialmente. Este programa se caracterizó por...

November 29, 2023
Artículos, Caracterización del Sistema, Sostenibilidad del Sistema, Sostenibilidad del Sistema, , ,
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24Nov

Population Aging and the Generational Economy: A Global Perspective

By Ronald Lee & Andrew Mason Over coming decades, changes in population age structure will have profound implications for the macroeconomy, influencing economic growth, generational equity, human capital, saving and investment, and the sustainability of public and private transfer systems. How the future unfolds will depend on key actors in the generational economy: governments, families, financial institutions, and others. This path-breaking book provides a comprehensive analysis of the macroeconomic effects of changes in population age structure across the globe. The result...

November 24, 2023
Aging, Books, Books, Reports, , ,
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24Nov

Social Panorama of Latin America and the Caribbean 2022: Transforming education as a basis for sustainable development

By ECLAC Social Panorama of Latin America and the Caribbean, 2022 has four chapters. Chapter I presents the relevant macroeconomic background in terms of the evolution of per capita GDP, employment, household income distribution and the consumer price index, and looks at how income inequality and poverty have changed over the past two decades (2002–2021). The chapter also discusses changes that occurred in social stratification during the pandemic. Chapter II addresses the worrying silent crisis of education as another of the...

November 24, 2023
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