May 2021
07May

Perú. ¡Atención! Congreso aprueba por insistencia ley que permite retiro de hasta S/ 17,600 de la AFP

El pleno del Congreso aprobó por insistencia el dictamen que autoriza en forma extraordinaria a los afiliados de la Administradora de Fondos de Pensión (AFP) el retiro facultativo de hasta 17,600 soles (4 UIT) de sus aportes pensionarios. Leer también Perú. Retiro AFP: las propuestas sobre el acceso a los fondos de pensiones que están en debate La insistencia fue aprobada por 109 a favor, cero en contra y 3 abstenciones. Leer también Nuevo proyecto en Congreso de Perú busca retiro de...

May 7, 2021
Noticias, , , ,
Read more...
07May

España necesita un sistema de adscripción automático que complemente las pensiones públicas

El Ministerio de Inclusión y Seguridad Social está trabajando en la creación de una familia de Fondos Públicos de Pensiones, con el objetivo de impulsar la previsión social empresarial en España, y facilitar el acceso al ahorro para jubilación, especialmente a trabajadores de Pymes y autónomos. El llamado Superfondo, que actuaría como instrumento de garantía, especialmente para los empleadores y trabajadores que no tienen economías de escala, compitiendo con el mercado privado de planes de pensiones de empleo y otros...

May 7, 2021
Noticias, ,
Read more...
07May

A Third Of Seniors Seek To Work Well Past Retirement Age, Or Won’t Retire At All, Poll Finds

More Americans plan to work past the age of 70 – or never retire at all – according to a survey released Thursday by reverse mortgage lender American Advisors Group, suggesting the pandemic prompted many aging Americans to rethink their retirement strategies in order to maintain their living standards. Almost half (46%) of the more than 1,500 Americans aged 60 to 75 surveyed by AAG said they plan to work part-time after they retire from full-time work. Nearly one-fifth (18%) of...

May 7, 2021
News, Slider, , , ,
Read more...
07May

Leveraging longevity and tackling intergenerational inequality in Japan

Japan has the world’s most aged population. As the number of elderly people increases, the benefits the government funds, such as pensions, medical care and nursing care, have been swelling. Since these benefits are mainly financed by taxes and social insurance premiums paid by the working-age population, the burden will be heavier on future generations as Japan continues to age. Leveraging longevity and tackling intergenerational inequality in Japan 6 May 2021 Author: Sumio Saruyama, JCER Japan has the world’s most aged population. As...

May 7, 2021
News, Slider, , , , ,
Read more...
07May

Dutch government think tank wants more flexible pensions

The Centraal Plan Bureau (CPB), a Dutch government think tank, has proposed Dutch workers save less for their pensions so they can increase their liquid financial buffers. The CPB has criticised the “lack of flexibility” of the Dutch pension system in a new policy brief. “More flexibility in the way Dutch pensions are being accumulated would be beneficial given the low levels of liquid assets of Dutch households,” the think tank said. A quarter of households with more than €100,000 in...

May 7, 2021
News, Slider, , ,
Read more...
07May

4.8 million South Africans have unclaimed benefits worth R42 billion

About 4.8 million South Africans have unclaimed pension benefits, according to the Financial Sector Conduct Authority (FSCA). The unclaimed pension pot is worth R42 billion. Millions of, perhaps, cash-strapped people may not know how to claim what is rightfully theirs. Africa Melane asked Kabelo van der Merwe (Project Lead of Unclaimed Benefits at Liberty) how to find out if you are one of the 4.8 million, and how to claim if you are. If you want to check if you are the beneficiary...

May 7, 2021
News, Slider, , ,
Read more...
06May

S&P 1500 Pension Funded Status Increased by 1 Percent in April

By Mercer The estimated aggregate funding level of pension plans sponsored by S&P 1500 companies increased by 1 percent in April 2021 to 96 percent as a result of an increase in equity markets, slightly offset by the decrease in discount rates. As of April 30, 2021, the estimated aggregate deficit of $102 billion USD decreased by $16 billion USD as compared to $118 billion USD measured at the end of March according to Mercer,[1] a global consulting leader and...

May 6, 2021
Books, Reports, System Sustainability, , ,
Read more...
06May

Labour Force Survey in the EU, EFTA, United Kingdom and candidate countries

By Eurostat This report describes the main characteristics of the European Union Labour Force Survey (EU-LFS) conducted in 2019 in the Member States of the European Union (EU), three EFTA countries (Iceland, Norway and Switzerland), the United Kingdom and four candidate countries (Montenegro, North Macedonia, Serbia and Turkey). All of these countries provide Eurostat with EU-LFS microdata. The purpose of this report is to inform about the technical features of the surveys carried out in these countries, in order to...

May 6, 2021
Books, Labor Market, , ,
Read more...
06May

Does it Matter to be Informal? Type of employment and political opinions in the MENA region

By Anil Duman Informal activities are highly persistent in developing countries, and their economic effects are widely studied in the literature. Yet, political consequences of informality are relatively an understudied topic and big chunk of the existing work does not offer systematic examination of how informal sector participation shape preferences and attitudes. Our paper contributes to the literature by focusing on Arab countries that have very stable and large size of informal sectors in the world. Additionally, we take into...

May 6, 2021
Articles, Labor Market, , , , ,
Read more...
06May

A Game-Theoretic Analysis of Fiscal Policy Under Economic Growth From the Perspective of MMT

By Yasuhito Tanaka We present a game-theoretic analysis of fiscal policy under economic growth from the perspective of MMT using a simple two-periods overlapping generations (OLG) model with pay-as-you-go pensions. We show the following results. 1) Sustained budget deficit is necessary to maintain full-employment under economic growth driven by population growth or technological progress. 2) An excessive budget deficit triggers inflation, and after one period inflation full-employment is maintained by sustained budget deficit with constant price. 3) Insufficient government deficit...

May 6, 2021
Articles, System Sustainability, ,
Read more...