September 2022
09Sep

Informality and the Challenge of Pension Adequacy: Outlook and Reform Options for Peru

By Christoph Freudenberg, Frederik G Toscani Past reforms have put the Peruvian pension system on a largely fiscally sustainable path, but the system faces important challenges in providing adequate pension levels for a large share of the population. Using administrative microdata at the affiliate level, we project replacement rates in the defined benefit (DB) and defined contribution (DC) pillars over the next 30 years and simulate the impact of various reform scenarios on the average level and distribution of pensions....

September 9, 2022
Adequacy, Books, Books, Pension design, , ,
Read more...
02Sep

The National Landscape of State Retirement Benefits

By Jonathan Moody, Anthony Randazzo Retirement security is ultimately about retirement income. Families and individuals want to know that during their retirement years they will have enough weekly, monthly, or annual income to live comfortably and meet their basic needs. Of course, many people aspire to more than just the basics. Ask even a handful of individuals about how they want to live in retirement, and you’ll hear a wide range of preferences. Expenses can vary from family-to-family, too, depending on housing, health...

September 2, 2022
Books, Books, System Sustainability, , , , ,
Read more...

August 2022
30Aug

Retirement Security: Recent Efforts by Other Countries to Expand Plan Coverage and Facilitate Savings

By GAO Ensuring retirement income security for the aging U.S. workforce presents many challenges. People are increasingly responsible for their retirement planning, and as they live longer, they may outlive their savings. We reviewed steps other countries have taken to promote retirement plan savings. International experts informed us of several efforts, including auto-enrollment—which can increase plan participation for eligible workers but may not reach others, such as part-time or self-employed workers. Our review of these and other efforts can inform U.S. policymakers...

August 30, 2022
Books, Reports, , ,
Read more...
26Aug

Mercer’s Asia Retirement Survey Report

By Mercer Conducted over 2019 to 2021, this series leverages our client base across Asia, and aims to bring together common issues in retirement security that Asia business leaders, HR and Finance partners can take action on. In combination, we have surveyed views from more than 700 employers from all industries, with responsibility for the well-being of over 120,000 employees. Get the report here

August 26, 2022
Books, Pension design, , , ,
Read more...
26Aug

The Health and Retirement Study. Aging in the 21st Century. Challenges and Opportunities for Americans

By Survey Research Center. Institute for Social Research University of Michigan Published in 2006, the first HRS data book sought to introduce the world to the HRS by describing the study’s innovative design and content and providing some early findings within the main content areas of health, work and retirement, income and wealth, and family connections. In the decade since, the HRS has built on its foundation of innovation, pioneering in new directions and increasing the data’s value and relevance. The...

August 26, 2022
Aging, Books, , ,
Read more...
12Aug

The Vanguard Participant Saving Rate Index

By Jeffrey W. Clark & Jean A. Young Saving rates are fundamental to retirement wealth accumulations. In this paper, we assess whether Vanguard defined contribution plan participants are saving optimally in their current workplace retirement plan. ● We find that 7 in 10 defined contribution plan participants are saving at rates that would enable them to attain a 65% replacement rate in retirement. Saving rates include both the employee elective contributions and any employer contributions. ● We find that a modest increase...

August 12, 2022
Books, Savings, , , ,
Read more...
12Aug

Social Protection for the Informal Economy. Operational Lessons for Developing Countries in Africa and Beyond

By Melis Guven, Himanshi Jain, & Clement Joubert The informal economy in Africa is large and diverse, and it is the main source of employment in the region. It is projected to grow and create more jobs. The informal economy is well established in the region, but it also faces a host of development challenges. It is characterized by low human capital and productivity compared with the formal economy and is typically associated with limited access to resources such as electricity, finance,...

August 12, 2022
Books, Labor Market, System Sustainability, , , ,
Read more...
05Aug

Investment results for 1Q of fiscal 2022(update report)

By GPIF Government Pension Investment Fund (GPIF) manages the public pension fund in the long term and its investment results should be assessed in the same manner. In addition to the annual report, which is legally required, GPIF publishes the quarterly update report to enhance the transparency to the public. Please note that returns, which are marked to market as of the end of each quarter, include unrealized gains and losses and are influenced by the market trends. Get the report here...

August 5, 2022
Books, Pension Management, , ,
Read more...
05Aug

The Essential Book of Corporate Governance

By G. N. Bajpai This book helps organizations to maximize wealth creation, build enduring relationships with stakeholders and be a net contributor to the economies of operated geographies. Based on extensive research, CXO interviews and case studies, the book assists companies to develop their own governance best practices. Get the book here  180 views

August 5, 2022
Books, Pension Management,
Read more...

July 2022
28Jul

Gender Pay Gap Report 2021: Reporting our progress

By Legal and General In 2021, we have once again seen a continued, progressive narrowing of our pay gap, from 26.6% to 24.1%. This progress reflects the focus we have applied over the past year to creating a more diverse workforce and a more inclusive workplace where everyone can succeed. In this report, we share our latest gender pay gap data and update stakeholders on the steps we’re taking to narrow the gap further. Monitoring and reporting the gap over...

July 28, 2022
Books, Labor Market, , ,
Read more...