September 2026
02Sep

Inversiones y rentabilidad de los Fondos de Pensiones

Por Superintendencia de Pensiones El valor de los Fondos de Pensiones alcanzó a $ 227.556.904 millones al 31 de Julio de 2026. Con respecto al 31 de Julio del año anterior, éste aumentó en $ 23.554.642 millones, equivalente al 11,5% (real 7,0%). En el siguiente cuadro se presenta el valor de los activos para cada uno de los Fondos de Pensiones. La rentabilidad de los Fondos de Pensiones Tipo A y B se explica principalmente por el retorno negativo que presentaron...

September 2, 2026
Administración de Pensiones, Inversión, Libros, Libros, Reportes, , ,
Read more...

August 2026
28Aug

Retirement Insecurity 2026: Americans’ Views of Retirement

By Barb Butrica, Dan Doonan & Kelly Kenneally As affordability pressures squeeze household budgets, Americans increasingly fear they will not be financially secure in retirement, while also expressing caution about artificial intelligence and cryptocurrency in retirement planning, according to a new national public opinion report, Retirement Insecurity 2026: Americans’ Views of Retirement. The research finds that 80% of Americans say the nation faces a retirement crisis, up sharply from 67 percent in 2020. Additionally, more than six in ten Americans (61...

August 28, 2026
Books, Books, Reports, Savings, , ,
Read more...
28Aug

Measuring the Fiscal Sustainability of Public Pensions

By National Conference on Public Employee Retirement Systems When budgets tighten and the economy falters, some states and localities have reacted to worries about pension funding ratios and unfunded liabilities by increasing employee contributions and cutting benefits. Some have even closed pension plans to new hires. Yet public pensions have a strong record of delivering retirement security efficiently: NCPERS’ 2025 update of its landmark economic impact study finds that public pensions generated $2.9 trillion in economic output and $661.9 billion in...

August 28, 2026
Books, Books, Reports, System Sustainability, , ,
Read more...
28Aug

Risk Sharing and Asset Pricing under Alternative Retirement Systems

By Li Wei We examine what happens to financial markets and how generations share risk when defined benefit (DB) pension plans are incorporated into an asset pricing model with imperfect markets. We look at how important it is for pension fund growth, changes in asset demand, and return-driven volatility channels to use an adjusted macroeconomic asset price model and past data on financial markets and the pension sector. We use scenario models to look at what would happen to the...

August 28, 2026
Articles, Pension design, , ,
Read more...
28Aug

Healthy Longevity as Regenerative Capital: AI-Enabled Prevention, Senior Re-employment, and Climate Risk

By Jules SADEFO KAMDEM Population ageing and climate change jointly threaten the functional capacity that sustains autonomy, labour supply, productivity, and fiscal resilience. This paper develops a continuous- time, age-structured model in which healthy longevity is a regenerative form of human capital. Cohort health is exposed to biological depreciation, a standardised heat-stress state, diffusion risk, and marked compound-Poisson losses. Prevention, climate adaptation, education, and effectively accessible artificial intelligence can offset avoidable depreciation. AI is accumulated as a depreciating capital stock...

August 28, 2026
Aging, Articles, , ,
Read more...
28Aug

Optimal Investment for Retirement with Intergenerational Benchmarking

By Luke Servat & Antoon Pelsser Countries have demonstrated a tendency to switch their second pillar toward defined contribution plans, increasing the market-sensitivity of pensions. This can lead to large differences across generations within a pension fund, as otherwise similar cohorts may experience different market conditions during accumulation. In this paper, we investigate how each cohort should invest if the goal is to reduce the likelihood of unlucky generations, in the presence of equity, interest-rate and annuity-conversion risk. We do...

August 28, 2026
Articles, Investment, ,
Read more...
21Aug

Multiemployer Pension Funding Study: Midyear 2026

By Tim Connor, Rex Barker, Timothy Herman & Nina Lantz The results in this study were derived from publicly available IRS Form 5500 data filed through June 2026 for all multiemployer DB plans, numbering around 1,200 plans. Data for a limited number of plans that clearly were erroneous was modified to ensure that the results were reasonable and a sufficiently complete representation of the multiemployer universe. Such adjustments were associated with an immaterial number of plans. Liability amounts were based on...

August 21, 2026
Books, Books, Reports, System Sustainability, , ,
Read more...
21Aug

Being single in retirement – a key issue for the Pensions Commission?

By LCP The paper considers whether pensions policy is keeping pace with these changes and explores different approaches for the Pensions Commission to consider. These include strengthening pension saving for lower-earning partners, reviewing pension-sharing arrangements following the breakdown of cohabiting relationships, assessing the impact of no-fault divorce reforms, and exploring whether joint-life annuities should become the default. Get the report here

August 21, 2026
Books, Books, Reports, System Sustainability, , , ,
Read more...
21Aug

The Global Transition – The Impact of Demographics and AI on Economic Power

By Seth Benzell, Laurence J. Kotlikoff & Victor Yifan Ye This study deploys a multi-region, dynamic life-cycle, general equilibrium model to assess demography’s impact, through the course of this century, on global development. Our model’s 17 regions encompass more than 150 countries comprising 99% of the world’s population. Output is produced with three labor skill groups and internationally-mobile capital, with each country deciding annually whether to adopt its frontier automation technology. Our model features region-specific fiscal policy, TFP growth, and...

August 21, 2026
Aging, Articles, Labor Market, , , , ,
Read more...
21Aug

Job displacement and the health of older adults: Evidence from China

By Xiaoyun Zhang & Yiyang Luo This paper investigates the long-term consequences of involuntary job displacement on multidimensional health outcomes among middle-aged and older adults in urban China, using the 2014 China Health and Retirement Longitudinal Survey (CHARLS) Life History Questionnaire. To address the endogeneity of job loss, we exploit business closures, position cancellations, and layoffs during the state-owned enterprises (SOEs) reforms in the late 1990s as exogenous labor market shocks and employ Propensity Score Matching (PSM) to control for...

August 21, 2026
Articles, Labor Market, , , ,
Read more...