July 2019

12Jul

Colombia. Aportes voluntarios a pensión obligatoria para lograr un buen incremento en su mesada pensional

Con la expedición de la Ley 100 de 1993, el Gobierno nacional dio luz verde para que los colombianos que cotizan en los fondos privados realicen aportes adicionales y voluntarios a pensión obligatoria, con el fin de que cuando llegue el momento de pensionarse puedan contar con una mesada, que les permita tener una mejor calidad de vida en la vejez. Entre más joven sea el afiliado cuando comience a realizar este tipo de aportes, mejor podrá ser el...

July 12, 2019
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12Jul

México. Rentas vitalicias, insuficientes para cubrir gastos en salud en la vejez

Uno de los problemas que deberán enfrentar las personas que se jubilen bajo el esquema de 1997 —sistema de afores— son los altos costos de las rentas vitalicias que ofrecen las aseguradoras; y para quien pueda adquirirlas no será suficiente para enfrentar los gastos en salud que se tienen durante la vejez, indicaron expertos. “Mantener una póliza vitalicia después de la jubilación tiene un costo entre 3 y 5 millones de pesos por persona con condiciones básicas, una cifra...

July 12, 2019
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12Jul

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

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. In the DB pillar, the...

July 12, 2019
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12Jul

China to step up state asset transfers to pension funds amid sustainability concerns

China will expand a pilot program this year to transfer government holdings in state-owned enterprises to social security funds nationwide in response to concerns about the sustainability of the pension system, said Caixin. The State Council decided at an executive meeting this week to fully push for the transfer of 10% of the equity in state-owned companies to the national social security fund and relevant local entities. The move is a further implementation of a 2017 trial plan that was limited to...

July 12, 2019
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12Jul

Pensions in Germany will be 100 percent taxable by 2040

Many-a-person in Germany breathes a sigh of relief upon entering retirement: “Finally, an end to all that taxation!” It may come as a nasty surprise, therefore, that around a quarter of pensioners in Germany still have to pay income taxes - and the number is set to increase over the next few years. One in four pensioners in Germany paid income tax in 2015 According to official figures from Destatis, the Federal Statistical Office, in 2015 around 21,2 million people in Germany were receiving either a...

July 12, 2019
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12Jul

México necesita reformar sus sistemas de pensiones

La primera generación “Afore” está a unos años de comenzar su retiro y van a enfrentar el problema de tener pensiones muy bajas. Por poner un ejemplo, si una persona recibe de sueldo 10,000 pesos al mes en promedio y casi nunca dejó de cotizar en su Afore, va a recibir aproximadamente 2,800 pesos de pensión cuando lo recomendado es que reciba al menos de 7,000 a 8,000 pesos. Pero, ¿qué falló? ¿Qué cambios se necesitan hacer a las...

July 12, 2019
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12Jul

World Finance declares winners of 2019 Pension Fund Awards

Pension funds are on the precipice of a dramatic overhaul. Due to the sector’s historically risk-averse nature, underperforming players have been able to slip under the radar, with retirement savers simply accepting low returns as par for the course. This year, however, has seen a substantial rise in regulatory appetite, meaning funds that are not delivering for investors risk being wiped out. In these testing times, a strong sense of direction and adaptability are key qualities that set leading firms...

July 12, 2019
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12Jul

America’s biggest pension fund falls short of its own goals

The US’s largest pension fund fell just short of its investment target in fiscal 2019, underlining the difficulty of earning the kind of returns state and local funds need to pay future benefits. The California Public Employees’ Retirement System earned 6.7% in the year ending June 30, it said Thursday. Its goal is 7%. The performance leaves the retirement system known as Calpers with 70% of what it needs to afford all future obligations to public workers across the state of California.... Read More: @Fnlondon

July 12, 2019
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11Jul

Chile. Regulador ajusta tasa de retiro programado: Más de 38 mil pensiones subirán, pero otras tantas bajarán

La Superintendencia de Pensiones (SP) echó pie atrás a una de sus últimas decisiones técnicas: la tasa de interés técnica del retiro programado (TITRP), una de las modalidades de pensión que pueden optar las personas que deciden jubilarse. Hasta hace un par de semanas, la autoridad reguladora había fijado -en base a la metodología dispuesta por el Ministerio del Trabajo y Hacienda mediante un decreto supremo- la tasa en 2,95% a partir de abril de 2019. Sin embargo, la...

July 11, 2019
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11Jul

Africa. Efforts intensify on drafting social protection policy

The Constitution of Namibia, Article 95, requires the state to actively promote as well as maintain the welfare of people and create equal opportunities. Zephania Kameeta, Minister of Poverty Eradication and Social Welfare this when officially opening a regional consultative workshop on the Social Protection Policy Draft at Keetmanshoop earlier this week. The parliamentarian then explained that this draft aims specifically to address vulnerabilities, tackle social exclusion and eradicate poverty. He continued by referring to the Namibian Constitution...

July 11, 2019
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