editor, Author at Pension Policy International

17OctOctober 17, 2024

Big pension changes for divorce in South Africa

The new Pension Funds Amendment Act (PFAA) was recently signed into law, which will seriously impact divorce proceedings in South Africa. New retirement fund rules have changed how pensions are divided between divorced South Africans. “Before the PFAA it has been a well-established principle in our law that a divorce order is only enforceable against a pension fund as long as the member is still a member of the fund,” said Wright Rose-Innes. “Now, with the introduction of the PFAA and the...

October 17, 2024

NewsPension Reform, Regulation, South Africa

17OctOctober 17, 2024

Why the US lags globally in retirement security

The United States ranks 29th out of 48 countries Mercer and the CFA Institute evaluated for their global pension index published this week. That equates to a C-plus letter grade, with a peer group of the United Arab Emirates, Kazakhstan, Hong Kong, Spain, Colombia, and Saudi Arabia. All of those countries have systems with “some good features but also ha[ving] major risks and/or shortcomings that should be addressed,” the report stated. “Without these improvements, its efficacy and/or long-term sustainability can be...

October 17, 2024

NewsIncome, Retirement security, Social Security, US

17OctOctober 17, 2024

Can today’s pensions survive tomorrow’s longer lifespans?

The 2024 Mercer CFA Institute Global Pension Index (MCGPI) reveals the ongoing need for retirement system improvements globally, driven by declining birth rates and increasing longevity. The 16th annual report, released by Mercer, a business of Marsh McLennan, and the CFA Institute, highlights how pension systems are adapting. The Netherlands remains the top-performing retirement income system worldwide, with Iceland in second place and Denmark in third. Pat Tomlinson, Mercer’s president and CEO, emphasized the growing importance of retirement income systems as...

October 17, 2024

NewsAging, Labor Market, System sustainability

16OctOctober 16, 2024

Uruguay, México y Chile destacan en el Índice Global de Pensiones de Mercer y CFA Institute

El concepto de jubilación está cambiando, y muchos individuos están haciendo una transición gradual hacia la jubilación o reingresando a la fuerza laboral en una capacidad diferente después de su jubilación inicial. Los planes de contribución definida también ofrecen beneficios importantes a los trabajadores temporales y contratados, que a menudo son excluidos de los esquemas tradicionale Algunos sistemas, incluidos varios en América Latina, han llevado a cabo reformas recientes para mejorar sus puntuaciones en los últimos años. México es un...

October 16, 2024

NoticiasAmérica Latina, Caracterización del sistema, Chile, Cobertura, Mexico, Sostenibilidad, Suficiencia, Uruguay

16OctOctober 16, 2024

México. Plusvalías de Afores a trabajadores mexicanos superan el billón de pesos en un año

Los ahorros pensionarios de los mexicanos atraviesan una etapa de auge. En los últimos 12 meses, las Administradoras de Fondos para el Retiro (Afore), han reportado plusvalías (ganancias no consolidadas) sin precedentes para sus clientes por un billón 59 mil 142 millones de pesos, revelan datos oficiales. Información proporcionada por la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), revela que sólo entre enero y septiembre de este año las 10 Afore que operan en el país reportaron...

October 16, 2024

NoticiasAdministración de Pensiones, Mexico, Rendimientos

16OctOctober 16, 2024

Perú. Reforma de pensiones: el 59% de ciudadanos está a favor de que independientes aporten a su jubilación

Datum encuestó a más de 1,000 personas para conocer su postura frente a la reforma de pensiones. Sepa cuáles son los beneficios de la medida aprobada por el Congreso. Ciudadanos se han mostrado a favor de la reforma de pensiones aprobada por el Congreso, para que los trabajadores independientes aporten a su jubilación; según una encuesta de Datum Internacional. Se analizó la respuesta de 1,218 personas de diferentes los niveles socioeconómicos, encuestadas del 4 al 8 de octubre, detalla que entre los grupos etarios, el 61 %...

October 16, 2024

NoticiasPerú, Reforma de Pensiones, Sector Informal

16OctOctober 16, 2024

Colombia. Ex trabajadores mineros siguen su lucha por las pensiones revocadas

Una vez más, un grupo de ex trabajadores de las empresas mineras Drummond, Prodeco y Cerrejón, protestaron en las instalaciones de Colpensiones en Valledupar, para exigir que les devuelvan las pensiones revocadas. Argumentan que ya demostraron las patologías médicas por las cuales recibieron el beneficio, y que en ningún momento formaron parte de un supuesto fraude que realizaron contra la entidad. La problemática se presenta desde hace cuatro años, cuando fueron detectadas unas irregularidades por parte de la Junta de Calificación...

October 16, 2024

NoticiasColombia, Pensiones Laborales

16OctOctober 16, 2024

Higher Contributions, Net Replacement Rates Make World’s Best Pensions

Which countries have the best retirement systems? The Netherlands, Iceland and Denmark are the top three, according to the 2024 Mercer CFA Institute Global Pension Index. The top three were unchanged from last year’s report. The 16th annual survey benchmarked and compared the retirement systems of 46 countries, with a secondary purpose of highlighting shortcomings in each system and suggesting areas of reform. Among the characteristics present in the top-rated plans, the researchers identified: A public pension for the aged poor of at...

October 16, 2024

NewsAdequacy, Sustainability, System Characterization

16OctOctober 16, 2024

US aging population is on a collision course with a fragile healthcare supply chain

As Americans age, the need for a steady, reliable flow of healthcare supplies will only grow Hurricane Helene, which devastated swaths of the southeastern U.S. and caused the deaths of hundreds of people, also uncovered a quieter crisis and preparedness gap that could potentially shake the U.S. healthcare system and affect the lives of millions. One of the country's largest manufacturers of intravenous bags, North Cove, N.C.-based Baxter International (BAX) - which is responsible for 60% of the nation's supply of...

October 16, 2024

NewsAging, Healthcare, US

16OctOctober 16, 2024

Kenya. Pension payments fall by Sh23 billion as government faces cash crunch

Pension payments to retired public service workers fell short by Sh23.65 billion in the first quarter of the Financial Year 2024-2025, highlighting a growing public cash crisis amid declining tax revenues. The National Treasury's Pensions Department processed Sh32.14 billion in payments during this period, reflecting a modest increase of 4.23 per cent compared to Sh30.83 billion from the previous year. However, this amount was significantly below the prorated target of Sh55.60 billion, based on an annual goal of Sh223.15 billion due...

October 16, 2024

NewsKenya, Pension Payouts, Public Pensions

October 2024