March 2023
15Mar

Ghana. ‘We don’t have time to go to court, we’ll picket MoF some more’ – Pension bondholders threaten

Pensioners who bought government bonds and have not been paid their coupons have threatened to picket the Ministry of Finance some more if they are not paid in 48 hours. "We have our options, plenty of them, including the picketing, so, when it comes that we have to repeat, we'll repeat", the group's convener, Dr. Adu Anane Antwi, told Valentina Ofori-Afriyie on Class91.3FM's mid-day news programme 12 Live. Asked if the options included going to court, Dr. Anane Antwi said: "No,...

March 15, 2023
News, ,
Read more...
03Mar

Zimbabwe: NRZ Pensioners Earning U.S.$3 Monthly Pay Outs

Retired National Railways of Zimbabwe (NRZ) workers are receiving a meagre monthly pension pay out equivalent to around US$3 per month despite decades of investing their labour into the growth of the company. Speaking to NewZimbabwe.com Wednesday on condition of anonymity, one pensioner said the National Railways of Zimbabwe Contributory Pension Fund (NRZCPF) is paying out very mean amounts which are wiped out by bank charges. "Early this year the pension pay outs were increased from around ZW$2 000 to ZW$3...

March 3, 2023
News, ,
Read more...

February 2023
17Feb

Switzerland. Phone scammers targeting pensioners in Zurich stole 6,7 million francs in 2022

Phone scammers targeting residents of Zurich succeeded in stealing 6,7 million Swiss francs in 2022, SRF has reported. The trick involves the scammers posing as police officers and calling victims to ask them to pay “bail” in order to release a relative from jail. Many of the victims were retired. Phone scammers try to trick hundreds each day in Zurich According to Swiss broadcaster SRF, phone scammers try to swindle the residents of Zurich out of their hard-earned money hundreds of...

February 17, 2023
News, ,
Read more...
15Feb

Around the World, New Solutions to Fight Poverty in Aging

In Mexico, they’re teaching Indigenous artisans how to sell their textiles and crafts online. In Ethiopia and Colombia, they’re experimenting with new ways to provide health care services to residents in rural communities. In Bangladesh and Ecuador, they’re using targeted cash transfers to help older widows and others avoid poverty when they are unable to earn income. Around the globe, governments and other policymakers are exploring solutions to prevent older adults from living in poverty or otherwise being shut out...

February 15, 2023
News, ,
Read more...
15Feb

75-year-old Iraqi woman donates her pension for Turkey quake victims

In a noble gesture, an elderly Iraqi woman has donated her pension to the earthquake victims in Turkey. The 75-year-old Khorshid Hussein Mohammed lives in Barda Qaraman on the outskirts of Sulaymaniyah, set aside her differences and illness, and made the decision. Khorshid told the media that she was born in 1948 in the village of Bargurdi, Mawat. She said she had to leave her village in 1989 due to oppression by the Baath regime and recalled her time she lived in...

February 15, 2023
News, ,
Read more...
08Feb

New Evidence on the Demand for Advice within Retirement Plans

By Jonathan Reuter & David P. Richardson We study demand for advice by retirement plan participants using administrative records from defined contribution retirement plans offered by 23 institutions where TIAA is the sole recordkeeper. We distinguish advice on asset allocation from advice on retirement income levels, and between participants who are and are not eligible for TIAA’s wealth management services. We find that advice seeking increases with age, account balance and annual contribution level, and is highest among those eligible for wealth management services. However, we...

February 8, 2023
Articles, Investment, Pension design, , ,
Read more...

January 2023
30Jan

Concern as millions with no savings in Kenya face old age poverty

About 13.9 million Kenyans have no form of retirement savings scheme, and the majority of them are in the informal sector. According to data from the Kenya National Bureau of Statistics (KNBS), there were about 17.4 million people in the formal and informal sectors as of the year 2020.“The labour market is skewed towards informal employment at 83 per cent. This is a time bomb and indicating that most Kenyans will retire poor,” the report notes. The report was presented during...

January 30, 2023
News, ,
Read more...
26Jan

World Migration Report 2022

By: IOM Since 2000, IOM has been producing its flagship world migration reports every two years. The World Migration Report 2022, the eleventh in the world migration report series, has been produced to contribute to increased understanding of migration and mobility throughout the world. This new edition presents key data and information on migration as well as thematic chapters on highly topical migration issues, and is structured to focus on two key contributions for readers: Part I: key information on migration...

January 26, 2023
Books, Books, Labor Market, , ,
Read more...
26Jan

South Africa. Take-home pay falls almost 5% in December, capping off dismal year, index shows

South Africans' average take home pay declined almost 5% in December, ending a dismal year at a low point, with signs that record load shedding and rampant inflation took its toll on households, Africa's largest automated clearing house BankservAfrica said on Wednesday. Average pay, as measured in BankservAfrica's Take-home Pay Index, slipped to R14 663 in December, when more than 200 000 new jobs were added, probably reflecting the fact that many new jobs are likely to have been created...

January 26, 2023
News, Uncategorized,
Read more...
12Jan

US. Unmarried Women No Longer Pay a Financial Penalty in Retirement

On the retirement front, a new study has some good news for unmarried women: They’re no longer falling behind their married peers. Still, it’s tough to celebrate equality when it seems to be driven mostly by the falling fortunes of men. Studies about how prepared US workers overall are for retirement tend to be incredibly depressing — and even more so when they focus on women, who say in staggering percentages that they’re worried about running out of money. Much...

January 12, 2023
News, ,
Read more...