November 2024
27Nov

Kodak looks to terminate US pensions, will gain over $500 million in finances

According to a filing with the SEC, Kodak said that it looks to cut its pension plan. The plan has increased significantly due to initial contributions and market performance. The SEC filing stated that Kodak looks to use the cash from the cut and sale of the plan, which would to offset its debt. The sale — which also includes the sale of “illiquid assets” — was to Mastercard Foundation, and Kodak would retrieve more than $500 million. Kodak confirmed with...

November 27, 2024
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27Nov

Managing the future of risk for Canadian public pensions

Canada’s largest public pensions — unofficially called the “Maple 8” — are internationally respected and in a healthy fiscal position at the end of 2024 [1]. These eight public pensions collectively hold $2.1 trillion in assets under management as of the end of 2023. Despite recent economic headwinds, the Maple 8 are in a strong financial position with almost all members of this unofficial group above 100% funding. In fact, by 2023, Canada Pension Plan (CPP) Fund assets were...

November 27, 2024
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27Nov

Pension System in Ukraine: Citizens’ Perspective

Do citizens consider the pension system fair, and what would they like to change? How well do Ukrainians understand the pension calculation formula and the factors that affect the pension sum? How confident are citizens that the pension system will be able to provide them with a decent life in old age? What do people think about the introduction of mandatory funded pensions? We can answer these and other questions with the results of a nationwide survey on social...

November 27, 2024
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27Nov

Largest US pension fund CalPERS over halfway to $100B climate investment goal

The California Public Employees’ Retirement System is more than halfway to its goal of investing more than $100 billion in climate solutions, the pension fund announced last week. CalPERS, the largest pension fund in the nation, said it had invested $53 billion in climate solutions, a year after it set the $100 billion target, according to a Nov. 18 press release. While the climate solution funding goal is part of CalPERS’s 2030 sustainable investing strategy, some of its beneficiaries...

November 27, 2024
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27Nov

Delhi Govt Re-Launched Senior Citizen Pension Scheme Despite Challenges: Bharadwaj

New Delhi, Nov 25 (IANS) Delhi health Minister Saurabh Bharadwaj announced on Monday that the Aam Aadmi Party (AAP) government has re-launched the senior citizen pension scheme, despite challenges posed by the Central government. The scheme, offering financial assistance to Delhi residents aged 60 and above, was revived under the leadership of former Chief Minister Arvind Kejriwal, who had previously launched it but saw it halted during Political setbacks. The re-launched scheme has seen overwhelming interest, with over 10,000 applications on its first day. The...

November 27, 2024
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26Nov

México. Afores consideran invertir en proyectos ferroviarios de Sheinbaum

Las Administradoras de fondos para el retiro (Afores) ven con buenos ojos al sector ferroviario para invertir en los próximos años. Sin embargo, para que esto suceda es necesario garantizar la certidumbre jurídica a largo plazo. Guillermo Zamarripa, presidente de la Asociación Mexicana de Afores (Amafore), agregó que también se debe evaluar proyecto por proyecto, pues quizás haya algunos que no sean del todo rentables o pierdan su atractivo financiero en unos años. “Puede haber algunos proyectos que sean financiables y otros que no necesariamente lo sean. Los sectores son...

November 26, 2024
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26Nov

Chile. Fondos de pensiones alcanzan el 64% del PIB a septiembre, su máximo en tres años, pero aún lejos de los niveles previos a los retiros

Fue el 30 de julio de 2020 cuando empezó a regir la reforma constitucional que autorizó el primer retiro excepcional de fondos de pensiones. Al cierre de ese mes, las AFP administraban recursos por US$217.010 millones, según cifras que informa la Superintendencia de Pensiones en su sitio web. Desde entonces, ningún mes ha vuelto a anotar una cifra de ese nivel, y al cierre de octubre pasado había un total de US$194.218 millones acumulados, esto es todavía un 10,5%...

November 26, 2024
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26Nov

Argentina. El Gobierno Nacional definió «aumentos» para jubilados

La Administración Nacional de la Seguridad Social (Anses) oficializó el aumento que cobrarán los jubilados y pensionados en diciembre, un mes especial porque se suma el medio aguinaldo. Además sigue el bono de hasta $70.000. A través de la resolución 1122/2024, el Gobierno nacional publicó este lunes en el Boletín Oficial el incremento del 2,69% que tendrán los titulares de jubilaciones y pensiones. La cifra surge del cálculo de movilidad, determinado por el Índice de Precios al Consumidor (IPC) informado por el Instituto Nacional de Estadística y Censos (Indec) en septiembre último. A...

November 26, 2024
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26Nov

Largest asset owners reach record $26.3trn; pension funds see smallest growth

The world's largest 100 asset owners now hold a record $26.3trn in total assets, although pension funds saw the smallest growth rate, with assets held rising by 8.9 per cent from the previous year, analysis from Thinking Ahead Institute (TIA) has revealed. The research showed that the assets of the top 100 asset owners globally saw a return to growth in 2023 after a fall of 8.7 per cent in 2022, with the 12.3 per cent year-on-year increase helping to...

November 26, 2024
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26Nov

Demanding dignity for delivery drivers in China’s precarious gig economy

In August 2024, a viral video from Hangzhou showed a delivery driver kneeling before a security guard after being fined for scaling a fence to save time. The incident ignited protests among delivery riders, exposing the exploitation embedded in China’s food delivery industry. This moment, combined with the release of Upstream, a Chinese blockbuster highlighting the struggles of gig workers, has intensified public discussion about the plight of the 12 million Chinese delivery riders navigating precarious conditions. Their challenges expose deeper...

November 26, 2024
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