March 2021

México. 55% de los trabajadores no alcanzaría una pensión aún con la reforma: Banxico

De mantenerse los niveles actuales de intermitencia laboral de los mexicanos entre el mercado formal e informal, 55 por ciento de los trabajadores no va a alcanzar una pensión cuando, por ley, se pidan mil semanas de cotización ante el IMSS como requisito para obtenerla, estimó el Banco de México. Leer también México. Proponen no descontar semanas de cotización por retiro de desempleo La reforma al sistema de pensiones que se aprobó en diciembre redujo de mil 250 a 750 el...

Perú. Retiro de AFP: Comisión del Congreso debatirá este lunes 8 proyectos de retiro de fondos

La Comisión de Economía del Congreso de la República debatirá este lunes 8 de marzo los nuevos proyectos de ley que permitirían un nuevo retiro de fondos de las AFP, en medio de la pandemia por coronavirus que atraviesa el país. Recordemos que en la última sesión del miércoles 3, la Comisión de Economía aprobó con 11 votos a favor declarar en sesión permanente para evaluar tres proyectos de ley presentados por dos congresistas de Podemos Perú y uno de...

Panamá. Empresarios afirman que la CSS no necesita más parches, sino una reestructuración urgente

La Cámara de Comercio, Industrias y Agricultura de Panamá (CCIAP) aseguró que la Caja del Seguro Social (CSS) y el sistema de seguridad social necesitan una restructuración urgente, certera y real. “La Caja del Seguro Social no resiste un parche más; necesita de sacrificios reales por parte de todos, y alejados de intereses. El momento de discutir las propuestas responsablemente y por el bien común es aquí y ahora”, destacaron. Leer también Panamá. Sistema de pilares en pensiones podría hacer sostenible...

UK. Women would have to work 40 years longer to close the gap.

Mothers face more insecure and lower-paid work after having children, official figures suggest. Women with dependent children are seven times more likely to work part-time than men, according to the Office for National Statistics (ONS). More than 15% of mums also say they are economically inactive because of caring responsibilities, versus 1.9% of dads. One analyst said "millions of mums" were being forced to "pay the price" of a less secure career. The new research found that while mums who are employed were...

Warning lights flickering for South Africa’s wealthy taxpayers

“We owe a lot of people a lot of money.” That blunt, ominous statement by finance minister Tito Mboweni in his 2021 budget speech shows the deep financial hole the South African economy is really in – and warning lights are starting to flicker for South Africa’s wealthy taxpayers. This is according to Tim Mertens, chairman of Sovereign Trust SA, who said that a key takeaway from the budget was the staggering R213 billion under-collection of tax in 2021 compared to...

Jamaica. Ageing women face pension crisis

Kingston vendor Annie Ivey is just two years short of being 80 and has been working her entire life in different low-paying jobs but has never had a pension plan. She has no clue when she will retire. “Anytime mi cyah go nuh more. Mi nuh sick yah now, so me can work,” said Ivey, who has been vending in the Cross Roads Market for more than two decades. Ivey is among thousands of older Jamaican women who are facing the risk...

ClearGlass Analytics: UK fintech that aims to disrupt pensions world picks up £2.6M

ClearGlass Analytics, a digital intermediary between asset managers and pension funds, has closed a £2.6 million funding. Who backed ClearGlass? The funding round was backed by VC Lakestar and Outward VC, and several significant angels from both the asset management and pension fund worlds. These include Ruston Smith, a well-known professional pension trustee, Richard Butcher, Chair of the PLSA (UK pension trade body), Chris Wilcox, former Global Head of JP Morgan Asset Management, and his former JP Morgan colleagues Rob O’Rahilly, Sikander...

Labour Market and Technological Development in Central Asia

By Roman Mogilevskii This paper discusses the current situation in the labour markets of the economies of Central Asia and considers the options available to use labour market policies to support the technological development of these economies. It analyses contemporary issues in the labour markets of these countries including the labour migration, informality, inequality, and financing of pensions through the taxation of labour. The paper provides recommendations for the modification of labour market policies to promote the economic diversification and...

What Are the Main Socio-Economic and Behavioral Characteristics That Determine Voluntary Pension Contributions for Self-Employed Workers in Chile?

By Valentina Ciriotto, Camila Cuevas, Francisco Aravena This study contributes to the literature by examining how socio-economic and behavioral characteristics such as neighborhood income inequality and peer effects determine voluntary pension contributions for self-employed workers in Chile. We use a survey representative of the Chilean household sector and we run five different probit regressions to elucidate voluntary contributions to the pension system for self-employed workers. Additionally, we run probit models with a heteroscedastic structure (hetprobit models). The results show that...

Los ocho cambios que busca la reforma de pensiones a la industria de las AFP de Chile

Las modificaciones que se proponen al sector son varios, entre los que se encuentran las utilidades de las gestoras, las comisiones y los directores Uno de los factores clave en la discusión previsional es el cambio a la industria de las AFP, tema central sobre todo para la oposición. Leer también Chile. Los desconocidos detalles que incorporaron las indicaciones a la reforma previsional sobre el fondo de rezago El anuncio que realizó el Presidente Sebastián Piñera anoche en cadena nacional no trajo...