December 2021

Boston to Divest From Fossil Fuels, Tobacco, Private Prisons
07Dec

US. Boston to Divest From Fossil Fuels, Tobacco, Private Prisons

Boston Mayor Michelle Wu has signed into law an ordinance to divest the city from the fossil fuel, tobacco, and private prison industries by the end of 2025. The ordinance prohibits using public funds to invest in the stocks, securities, or other obligations of any company that derives more than 15% of its revenue from those industries. Under the new law, fossil fuel investments are defined as investments in any company that derives more than 15% of its revenue from...

December 7, 2021
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Sustainable finance roundtable: EIOPA announces its sustainable finance activities for the coming three years
07Dec

Sustainable finance roundtable: EIOPA announces its sustainable finance activities for the coming three years

The European Insurance and Occupational Pensions (EIOPA) is organising today its 5th Sustainable Finance Roundtable which gathers representatives from supervisors, industry, consumer organisations, and academia to discuss society's resilience to sustainability risks, the role of insurers and pensions and EIOPA's work in this area. On this occasion, EIOPA announced its three year plan which will help to integrate sustainable finance across all areas of its own work. From 2022-2024, EIOPA defined its key areas of activity: Integration of sustainability risks in...

December 7, 2021
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Iceland’s Gigantic Pension Fund Is Creating a Headache at Home
07Dec

Iceland’s Gigantic Pension Fund Is Creating a Headache at Home

Iceland is confronting the trouble that comes with having a pension system so successful in amassing savings for future retirees that it was recently rated the best in the world. With assets now at about double the size of the north Atlantic island’s economy, the government is considering allowing investment managers to diversify by buying up more securities abroad, prompting the central bank to urge caution. The rules currently limit the share of overseas holdings in pension assets at 50%. “The...

December 7, 2021
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Jamaica. Informal Sector Workers to Get NIS Benefits
07Dec

Jamaica. Informal Sector Workers to Get NIS Benefits

For the first time, Jamaica’s household helpers and fisherfolk will be able to secure pension benefits under the National Insurance Scheme (NIS) as the Government moves to formalise these sectors. This will be facilitated under the Transition to Formality Action Plan, which will see this segment of workers being able to access health and life insurance, pension and other facilities to provide them with security and protection in their work environment. The Action Plan, which was officially launched by Minister of...

December 7, 2021
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Low Pension Savings in Ukraine: Ahead of Reform?
07Dec

Low Pension Savings in Ukraine: Ahead of Reform?

Ukraine took the penultimate place in the ranking of pension savings among the countries of the world. Despite the work of non-state pension funds in the country, people are reluctant to use their services. There are several quite simple reasons for this. But the low place of Ukraine in the rating can accelerate the introduction of a mandatory funded pension. Poverty and Mistrust According to the Organization for Economic Cooperation and Development (OECD), Ukraine is ranked second to last in terms...

December 7, 2021
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Chile. Industria de AFP expondrá hoy ante la Convención Constitucional
07Dec

Chile. Industria de AFP expondrá hoy ante la Convención Constitucional

Uno de los temas que genera mayor expectación de la Convención Constitucional es cómo abordará la seguridad social y el sistema de pensiones. Este martes, la instancia tendrá sus primeros insumos en este sentido por parte de la misma industria, luego de que la amenaza de un cuarto retiro del 10% se esfumara la semana pasada. La presidenta de la Asociación de AFP, Alejandra Cox, asistirá hoy a la comisión de Derechos Fundamentales de la Convención, acompañada de la gerenta general...

December 7, 2021
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Priorities for social security Trends, challenges and solutions
06Dec

Priorities for social security Trends, challenges and solutions

By ISSA This report is the result of collective efforts by the professional staff of the Social Security Development branch of the General Secretariat of the International Social Security Association and external experts. Staff were assigned responsibility for authoring specific chapters and sections for this seminal report. Get the book here 664 views

December 6, 2021
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República Dominicana. Abinader dice el próximo año implementarán reformas para lograr pensiones justas
06Dec

República Dominicana. Abinader dice el próximo año implementarán reformas para lograr pensiones justas

El presidente de la República, Luis Abinader, garantizó que el Gobierno implementará mecanismos para lograr agilizar los procesos de entrega de pensiones por antigüedad en el servicio. Indicó que el proceso forma parte de una serie de reformas que se desarrolla para garantizar los derechos de los ciudadanos. El mandatario habló tras participar este sábado en el quinto congreso de sindicalistas, que se desarrolló en el Hotel Lina. “La República Dominicana necesita tener un sistema idóneo de pensión, por lo tanto, los...

December 6, 2021
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Perú. Comisión de Economía del Congreso propondrá cambios en sistema de AFP y ONP
06Dec

Perú. Comisión de Economía del Congreso propondrá cambios en sistema de AFP y ONP

La congresista Silvia Monteza, presidenta de la Comisión de Economía del Congreso, aseguró que este lunes 6 de diciembre se desarrollará el debate que busca simplificar los trámites para quienes buscan una pensión proporcional a los años de aportes y abre la discusión para evaluar la viabilidad de nuevos bonos de reconocimiento, y pensiones proporcionales para quienes tienen menos de 10 años de aportes. Las declaraciones de la legisladora por Acción Popular se dieron en el marco de la mesa...

December 6, 2021
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Few Companies Make The Hard Tradeoffs To Reduce Carbon Emissions
06Dec

Few Companies Make The Hard Tradeoffs To Reduce Carbon Emissions

The law firm Crowell & Moring recently released a survey-based report that looked at how companies are navigating pressures to improve their environmental performance. The company surveyed 225 executives whose jobs included environmental, social, and governance issues. 56% of respondents said their company does NOT measure its carbon footprint. What may surprise many people is that increasing pressure from investors is the third most common reason - cited by one third of respondents - for companies to adopt environmental goals....

December 6, 2021
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