September 2024

Jamaica. Low birth rate could affect country’s development goals

RESPECTED former public servant Reginald Budhan says if the fall in Jamaica’s birth rate continues unabated, the island’s vision for developed country status “will remain a dream”. Jamaica’s Population Health Status Report 2000–2022, which was tabled in Parliament in May, showed that the country continues to face a low birth rate problem with the total number of live births in the country declining sharply over the last 20 years. Overall, it said Jamaica’s crude birth rate, which is the number...

México. Reforma judicial: Así quedó el nuevo plan de pensiones de jueces y magistrados federales

El blindaje que realizó el Consejo de la Judicatura Federal (CJF) a las jubilaciones de los jueces y magistrados federales, ante la implementación de la reforma judicial, amplía el catálogo de pensiones a las que podrán acceder y mantiene la posibilidad de que, a partir de los 65 años de edad se retiren con el 80% de su salario. Proceso informó el pasado 14 de septiembre que el CJF aprobó un punto de acuerdo para modificar el Plan de Pensiones...

España. Presidente firma acuerdo de reforma con sindicatos y patronal.

El Gobierno ha firmado esta mañana el acuerdo para la reforma de las pensiones con patronal y sindicatos. Un pacto alcanzado entre los agentes sociales y Seguridad Social el pasado 31 de julio que retomaba la reforma del sistema de pensiones que inició el exministro y ahora gobernador del Banco de España, José Luis Escrivá y que ha culminado este miércoles con las firmas del presidente Pedro Sánchez, el presidente de la CEOE, Antonio Garamendi, el líder de Cepyme, Gerardo Cuerva...

México. Plusvalías de Afores registran más de 231 mil mdp: Consar

La Comisión Nacional de Ahorro para el Retiro (Consar) aseguró que, durante agosto, las plusvalías que registraron las Administradoras de Fondos para el Retiro (Afores) alcanzaron 231 mil 264 millones de pesos, con lo que suma 4 meses al alza. Este crecimiento en las ganancias de las Afore es uno de los más altos del cual se tenga registro, en el acumulado de este año este indicador suma un total de 457 mil 152 millones de pesos. Registros de la Consar...

Chile. Boric llamó a avanzar en reforma previsional y no olvidar a quienes “se han echado Chile al hombro”

En las últimas horas, el presidente Gabriel Boric se refirió a la reforma de pensiones, con un llamado a respaldar la iniciativa. “En medio de las celebraciones, no nos olvidamos de nuestros jubilados; de quienes han trabajado toda una vida y que se han echado Chile al hombro”, partió diciendo durante una actividad realizada ayer, con un esquinazo llamado “Subir las pensiones ¡es cueca!”. El jefe de Estado añadió que el actual sistema es “injusto” y que no otorga una “vida digna” a los...

Key Elements of the Pension Reform Agreement Signed Today by Spanish Government and Unions

The keys to the pension reform agreement are being finalized today, September 18, 2024. Spanish Prime Minister Pedro Sánchez will join union leaders to mark this important event. The reform aims to improve retirement conditions for workers, especially those in tough jobs. Key Takeaways Pedro Sánchez to sign pension reform agreement. Early retirement options for hard professions. Partial retirement regulations improved for workers. Lower retirement age for specific job conditions. Enhanced conditions for fixed-discontinuous workers. Mútues to collaborate on temporary...

Why China’s decision to extend the retirement age will not address fairness and sustainability issues

For many working Chinese, particularly those born in the 1980s and 1990s, Beijing’s decision to raise the retirement age by three years brings a sense of loss and betrayal. It means they have to work longer and pay more to get less from a major social contract. An internet meme that went viral reflected Chinese millennials’ frustration over the government’s flip-flop in birth and pension policies: “When I was born they said there were too many; when I gave birth...

Nigerian pension assets soar 4.17% to N20.48tn in Q2’2024

The National Pension Commission (PenCom) has maintained an upward growth trajectory as the contributory Pension Scheme (CPS) recorded a total asset of N20.48 trillion in the second quarter of 2024, marking a 4.17 per cent  increase from N19.66 trillion it recorded in Q1 2024. According to PenCom, the number of pension contributions increased from 89,061 in the first quarter of 2024  to 100,063 in Q2 2024. It noted that remittance of pension contributions increased by 20.26 per cent from N314.17...

Japan faces labor shortages and demographic crisis as elderly population hits record high

Japan commemorated its “Respect for the Aged Day” earlier this week, with the national holiday underscoring a somewhat problematic fact — the country has a record number of elderly citizens to celebrate. Government data released ahead of the event showed that Japan’s population aged 65 and over had risen to an all-time high of 36.25 million. While the country’s overall population has been declining, the segment of those aged 65 and above has grown to 29.3% of the population, the highest...

Dutch pension funds to report CO2 reduction progress

Pension funds should report annually about the progress they make in meeting their CO2 reduction targets. They must also provide more insight into their sustainable investments, Dutch pension regulator DNB announced on its website. Pension funds must report annually on the progress made in achieving their CO2 reduction targets DNB imposes the additional requirements to “enable itself to adequately supervise sustainability risks at pension funds.” This is because, in its own words, the regulator currently “does not have sufficient information to adequately supervise the...