February 2017

03Feb

The Greek Pension Reform Strategy 2010–2015

By Georgios Symeonidis In 2010, Greece, under the pressure of an increasing public debt, was forced to resort to the Troika, which is the designation of the triumvirate which comprises the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF). The Troika agreed to provide Greece with financial help, on special terms recorded in a Memorandum of Understanding (MoU) between the Greek Government and the Troika. One of the most important reforms that are recorded...

February 3, 2017
Regulation,
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03Feb

Pension Risk and Risk Based Supervision in Defined Contribution Pension Funds

By Rodolph Heinz and Randle Tony The main goal of any pension system is to ensure that members receive an adequate pension income when they retire. Whilst traditional defined benefit (DB) pension plans set out what that pension income will be in advance and then strive to deliver it, the growing number of defined contribution (DC) plans accumulates a sum of assets which can then be turned into a pension income on retirement. However, the amount of this retirement income...

February 3, 2017
Investing, Regulation
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03Feb

Building Voluntary Pension Schemes in Emerging Economies

By Rodolph Heinz After the financial crisis, some Central and Eastern Europe countries partially or totally reversed the pension reforms they had initiated in the previous two decades. In the presence of an aging population in the region, reductions in replacement rates will be the most likely adjustment mechanism for the social security systems to remain fiscally sustainable. In some other emerging economies, mandatory funded schemes are operating with low contribution rates, and policy makers have not been able to...

February 3, 2017
Labor Market, System Sustainability
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03Feb

Outcome Based Assessments for Private Pensions : A Handbook

By William Price, John Ashcroft and Michael Hafeman This report illustrates a new methodology to develop an Outcomes and Risk Based Supervision (ORBS) framework for funded pensions with a case study of Costa Rica. The approach was used in a FIRST funded project in Costa Rica with the regulator and supervisor of pensions SUPEN. The intention is to highlight an approach that may be useful in the region, and globally, to help agencies responsible for private pensions to focus on...

February 3, 2017
Adequacy, System Sustainability
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03Feb

Pensions for Public-Sector Employees : Lessons from OECD Countries’ Experience

By Edward Whitehouse In 27 out of 34 OECD member countries, there is institutionally separate retirement-income provision for some or all public-sector workers. But the scope of these pension schemes varies significantly: from a modest top-up to the national pension arrangements (covering private-sector workers as well) to entirely independent retirement-income regimes. Average expenditure on these schemes amounts to about 1.5 percent of GDP, or nearly a quarter of total public pension spending. Public-sector pension reform is an issue of great...

February 3, 2017
Pension design, Regulation,
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03Feb

OECD Institutional Investors Statistics

By OECD Institutional investors (investment funds, insurance companies and pension funds) are major collectors of savings and suppliers of funds to financial markets. Their role as financial intermediaries and their impact on investment strategies have grown significantly over recent years along with deregulation and globalisation of financial markets. This series provides a unique set of statistics that reflect the level and structure of the financial assets of institutional investors. Data include outstanding amounts of financial assets such as currency and deposits,...

February 3, 2017
Investing, System Sustainability
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03Feb

Tax treatment of pensions and pensioners

By OECD The personal tax system plays an important role in old-age support. Pensioners often do not pay social security contributions. Personal income taxes are progressive and pension entitlements are usually lower than earnings before retirement, so the average tax rate on pension income is typically less than the tax rate on earned income. In addition, most income tax systems give preferential treatment either to pension incomes or to pensioners, through additional allowances or credits to older people. Full Content: OECD

February 3, 2017
Labor Market
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03Feb

Pensions statistics

By OECD This dataset includes pension funds statistics with OECD classifications by type of pension plans and by type of pension funds. All types of plans are included (occupational and personal, mandatory and voluntary). The OECD classification considers both funded and book reserved pension plans that are workplace-based (occupational pension plans) or accessed directly in retail markets (personal pension plans). Both mandatory and voluntary arrangements are included. The data includes plans where benefits are paid by a private sector entity...

February 3, 2017
Investing, Labor Market
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03Feb

Pensions at a Glance (Edition 2016)

By OECD The Pensions at a Glance database includes reliable and internationally comparable statistics on public and mandatory and voluntary pensions. It covers 34 OECD countries and aims to cover all G20 countries. Pensions at a Glance reviews and analyses the pension measures enacted or legislated in OECD countries. It provides an in-depth review of the first layer of protection of the elderly, first-tier pensions across countries and provideds a comprehensive selection of pension policy indicators for all OECD and...

February 3, 2017
Labor Market
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03Feb

Nueva ley del ISSSTE y pensiones de retiro

By María Asención Morales Ramírez La nueva Ley del ISSSTE, publicada el 31 de marzo de 2007 en el Diario Oficial de la Federación, de manera general considera cambios en tres aspectos: seguros, pensiones y salud. Respecto de los primeros, presenta una nueva estructura al reducir los 21 seguros y prestaciones a 4 seguros (salud, riesgos de trabajo, retiro, cesantía en edad avanzada y vejez e invalidez y vida), más prestaciones y servicios que estarán en función de la capacidad...

February 3, 2017
Asignación de recursos, Noticias, Spanish
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