Occupational Pensions Archives - Page 16 of 26 - Pension Policy International

02SepSeptember 2, 2022

Japan’s GPIF joins GRESB as infrastructure investor member

Japan's Government Pension Investment Fund joined GRESB, the standardized benchmark and data provider for the ESG performance of real asset segments, including real estate and infrastructure, as the its first Japanese infrastructure investor member. The ¥193 trillion ($1.41 trillion), Tokyo-based retirement fund, in a news release Thursday, said it joined GRESB "in order to encourage the disclosure of ESG information and promote constructive dialogue with investment managers." GPIF said it advises managers to use GRESB assessment in their infrastructure investment and...

September 2, 2022

NewsOccupational Pensions, US

01SepSeptember 1, 2022

After union’s strike, Mexico’s Telmex offers better pension plan for new hires

Union workers for Telmex, the Mexican telecommunications firm controlled by the family of tycoon Carlos Slim, on Wednesday said they were weighing a new offer from employers that included improvements to retirement benefits for new staff. In a company document shared with union workers and seen by Reuters, new hires would upon retirement get a pension worth 100% of their final net pay, determined by their job category, becoming eligible after 35 years of work and once they turn 65. That...

September 1, 2022

NewsMexico, Occupational Pensions, Private Pensions

26AugAugust 26, 2022

State and Local Government Employees Without Social Security Coverage: What Percentage Will Earn Pension Benefits that Fall Short of Social Security Equivalence?

By Jean-Pierre Aubry, Siyan Liu, Alicia H. Munnell, Laura Quinby & Glenn Springstead Social Security is designed to provide a base of retirement income, to be supplemented in part by employer-sponsored retirement plans. However, approximately one-quarter of state and local government employees are not covered by Social Security, which federal law allows if their employer-provided plans provide comparable benefits. Yet many public pensions are less generous for recent hires, raising questions of whether those plans will still provide Social Security–equivalent benefits....

August 26, 2022

Articles, Labor Market2022, Occupational Pensions, Public Pensions, Social Security, US

25AugAugust 25, 2022

Why Offering Retirement Benefits Helps Attract And Retain Top Employees

As a business owner in 2022, how many times have you heard yourself ask, “What do employees want?” After all, nearly 24% of the American workforce left their jobs in 2021, leaving small and medium-sized business owners, in particular, wondering how to not only attract top talent but how to retain them. Well, the good news is that statistics support a pretty clear answer. Not only do workers want more money, but 62% seriously consider the availability of a retirement...

August 25, 2022

News2022, Labor Market, Occupational Pensions

22AugAugust 22, 2022

Planets aligning for U.S. pension funds to offload their liability risk

U.S. corporate pension plans have reached a sweet spot in their derisking journeys that will enable them to pull the trigger on pension risk transfer transactions, including plan terminations. Their funding levels have risen primarily due to rising interest rates that are lowering pension liabilities even as plan assets have fallen due to the challenging return environment that has characterized the first half of 2022. "For corporate pension plans, this what they've been waiting for, for years," said Michael Moran, New...

August 22, 2022

News2022, Occupational Pensions, Risk, US

12AugAugust 12, 2022

The Vanguard Participant Saving Rate Index

By Jeffrey W. Clark & Jean A. Young Saving rates are fundamental to retirement wealth accumulations. In this paper, we assess whether Vanguard defined contribution plan participants are saving optimally in their current workplace retirement plan. ● We find that 7 in 10 defined contribution plan participants are saving at rates that would enable them to attain a 65% replacement rate in retirement. Saving rates include both the employee elective contributions and any employer contributions. ● We find that a modest increase...

August 12, 2022

Books, Savings2022, Income, Occupational Pensions, Pension design, Replacement Rate

12AugAugust 12, 2022

Clorox to terminate primary U.S. pension plan

The Clorox Co., Oakland, Calif., is terminating is primary U.S. pension plan. The household products company's board of directors approved the resolution May 17 to terminate the plan, according to its 10-K filing with the SEC on Wednesday. The company plans to settle the plan with a combination of lump sums to participants and the purchase of a group annuity contract from an insurance company to transfer the remaining assets and liabilities, the filing said. The completion of the termination is expected...

August 12, 2022

News2022, Occupational Pensions, US

11AugAugust 11, 2022

UK. TPR advises employers to shield schemes from refinancing costs

Companies and pension scheme trustees should take steps to protect their schemes and their employer covenant from the fallout of any refinancing that they have undertaken, according to David Fairs, the Pensions Regulator’s executive director of regulatory policy, analysis and advice. In a blog published on August 10, Fairs acknowledged the trend of employers seeking to boost their liquidity in the aftermath of the coronavirus pandemic. This, he noted, would include the agreement of new borrowing facilities, or extension of...

August 11, 2022

News2022, Occupational Pensions, Regulation, UK

10AugAugust 10, 2022

UK. Pensions: More than 1 million workers not participating in workplace scheme

Around a fifth of workers at small medium sized (SMEs) enterprises that are eligible for a workplace pension are not participating in schemes, a new research shows. Analysis of the Department for Work and Pensions (DWP) data from Broadstone found nearly 1.2 million SME employees could be falling through the "pension accumulation gap". Read also U.K. pension regulator calling on plan sponsors to support pension scam prevention strategy It also found pension participation is "stalling" at SMEs, warning employers at these companies to...

August 10, 2022

News2022, Occupational Pensions, savings, UK

05AugAugust 5, 2022

CFA Society Germany proposes merger of occupational with private pension systems

CFA Society Germany, the association of investment professionals, has proposed the merger between the country’s occupational and private pension systems under a format based on models in place in Sweden and Canada to cut administrative and sales costs that would lead to an increase in the level of pensions. The models would cater for two different market segments, one including savers opting for a standardised, state-run pension product, and another for savers who demand control over investments, the association said...

August 5, 2022

News2022, Germany, Occupational Pensions, Pension Reform, Private Pensions

September 2022

Japan’s GPIF joins GRESB as infrastructure investor member

After union’s strike, Mexico’s Telmex offers better pension plan for new hires

August 2022

Why Offering Retirement Benefits Helps Attract And Retain Top Employees

Planets aligning for U.S. pension funds to offload their liability risk

The Vanguard Participant Saving Rate Index

Clorox to terminate primary U.S. pension plan

UK. TPR advises employers to shield schemes from refinancing costs

UK. Pensions: More than 1 million workers not participating in workplace scheme

CFA Society Germany proposes merger of occupational with private pension systems