June 2019
28Jun

The political economy of pension reform

By Sarah Brooks, Duke University, Estelle James, World Bank It has become apparent that many policies that we recommend at the Bank for technical economic reasons have not been implemented for political reasons. This discrepancy between economics and politics has led the Bank, and the academic community, to begin thinking about the political economy of reform. Considerable work has already been done on the political economy of macro-economic reform and trade policy, emphasizing factors such as incomplete information,...

June 28, 2019
Articles, Regulation, ,
Read more...
28Jun

Do Immigrants Delay Retirement and Social Security Claiming?

By Mary J. Lopez, Sita Slavov As the share of older immigrants residing in the U.S. begins to rise, it is important to understand how immigrants’ retirement behavior and security compare to that of natives. This question has implications for the impact of immigration on government finances and for the retirement security of immigrants. We use data from the Health and Retirement Study (HRS) to examine how immigrants’ retirement and Social Security claiming patterns compare to those of natives....

June 28, 2019
Aging, Articles, Labor Market, ,
Read more...
28Jun

Switching Costs and Competition in Retirement Investment

By Fernando Luco How do different switching costs affect choices and competition in a private pension system? I answer this question in a setting in which variation in employment status allows me to identify two switching costs that jointly affect enrollees’ decisions: the cost of evaluating financial information and the cost of the bureaucratic process that enrollees must navigate when switching. I use this variation to estimate the different switching costs and study their impact on competition among pension...

June 28, 2019
Adequacy, Articles, Investing, System Sustainability,
Read more...
28Jun

Hay riesgo de que Estado no pague deuda a 387,000 afiliados de AFP

Hay unas 2,656 entidades estatales que tienen deudas con sus trabajadores y extrabajadores al descontarles el aporte de AFP y no trasladarlo a su cuenta previsional. powered by Rubicon Project Ello afecta a más de 387,000 afiliados a AFP, que tienen en su fondo de pensiones menos dinero del que les corresponde, advirtió la Asociación de AFP (AAFP). Al momento en que se jubilen u opten por retirar el 95.5% de su fondo recibirán menos recursos, dijo Giovanna Prialé,...

June 28, 2019
Noticias,
Read more...
28Jun

España. Moody’s advierte de una posible rebaja de ‘rating’ si se deroga la reforma laboral y la de pensiones

La agencia de calificación crediticia Moody's ha alertado de una posible rebaja del rating soberano de España, actualmente situado en Baa1 con perspectiva estable, si se revierten las reformas laboral y de pensiones, según se desprende de un informe publicado por la firma este martes. No obstante, Moody's ha explicado que el perfil crediticio de España refleja la "recuperación sostenida" y el incremento en la competitividad experimentado en los últimos años. "España está disfrutando de una recuperación fuerte y...

June 28, 2019
Noticias,
Read more...
28Jun

Este fondo canadiense ya invierte 29,000 mdp en México

Invertir en infraestructura carretera es uno de los principales negocios de Canada Pension Plan Investment Board (CPPIB) en México. Este fondo de pensiones lo ha demostrado con su participación en las autopistas Arco Norte y Guadalajara-Tepic; sin embargo, su interés de apostar por otros sectores como el ferroviario, portuario y aeroportuario continúa en el país y en América Latina. El fondo, que administra los recursos de jubilación de más de 20 millones de personas en Canadá, busca continuar sus...

June 28, 2019
Noticias, ,
Read more...
28Jun

Lebanon’s retired military personnel protest over cuts in benefits

Military veterans held demonstrations Thursday by blocking roads and burning tires in several Lebanese areas to protest over the 2019 state budget which cut their pensions and retirement benefits, the National News Agency reported. Protests began at 5 a.m. in the morning and ended at 9 a.m. following a statement by the Lebanese army calling on the protesters to open roads while emphasizing their solidarity with retired military army and their rights. Meanwhile, retired military personnel issued a statement...

June 28, 2019
News, Slider,
Read more...
28Jun

Fintech pension provider eyes US market

Workplace pension provider Smart Pension is looking to move into the US market in response to overseas interest in its retirement services. Company officials are currently taking part in a UK fintech delegation to Chicago, led by Peter Estlin, Lord Mayor of the City of London, which includes financial services companies such as Revolut and Worldpay. FTAdviser reported in April that the provider was chosen by the government to participate in a fintech bridge pilot programme in Australia. The...

June 28, 2019
News, Slider, ,
Read more...
28Jun

Ukraine. Cabinet Decides To Raise Pensions To UAH 2,000 For Women With Seniority Of More Than 30 Years And Men With Seniority Of More Than 35 Years From July

The Cabinet of Ministers adopted the relevant resolution at a meeting on Wednesday, Ukrainian News Agency reports. In particular, the Cabinet of Ministers determined that from July 1, if the monthly amount of pension payments, taking into account the allowances provided by law, cash assistance, indexation and other allowances (except for pensions for special services to Ukraine) for pensioners with sufficient insurance period, does not reach UAH 2,000, so such pensioners will be paid extra to the pension in...

June 28, 2019
News, Slider,
Read more...
28Jun

UK. Government denied pensions case appeal

The Supreme Court has today (June 27) refused the government’s application to appeal a court case which ruled changes made to judges and firefighters pension schemes were discriminatory. According to the Fire Brigades Union this was the last legal hurdle in the dispute, leaving the government with no further avenue to exhaust. Elizabeth Truss, chief secretary to HM Treasury, revealed in January that if the government lost it could cost around £4bn a year if extended to all applicable...

June 28, 2019
News, Slider,
Read more...