May 2024
07May

Assuring the sustainability of the Canada Pension Plan: A new consensus is required

By: Keith Ambachtsheer, Malcolm Hamilton, Ed Waitzer   The creation of the Canada and Quebec pension plans in the 1960s and subsequent amendments to them in the 1990s is a compelling story of how governments worked together to create and sustain one of Canada’s greatest public-policy achievements. Today we are faced with the thorny issue of how to determine a fair basis on which Alberta might choose to exit the CPP. When the CPP was created, Ontario requested a provision to allow...

May 7, 2024
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April 2024
17Apr

How The US Economy Avoids The Longevity Trap

By Anthony Roth   The anticipated increase in the proportion of the American population aged 65 and older—from 58 million in 2022 to a projected 82 million by 2050—calls attention to the economic implications of increased longevity. Yes, this trend will bring significant challenges to continued economic growth. Fortunately, I believe the U.S. is uniquely positioned to overcome these challenges and capitalize on the economic opportunities related to longevity. Strength In Aging A key to any discussion of the increasing age of our population should also...

April 17, 2024
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March 2024
26Mar

What we must do to expand pension coverage in Kenya

By SIMON WAFUBWA   Significant progress in the pension sector has been made in the past two decades and we continue to see growth every year. According to the Retirement Benefits Authority, Kenya’s Pension Assets stood at Sh1.7 trillion by the end of June 2023. This marked an 8.1 percent growth compared to Sh1.5 trillion the previous year. However, as a country, we still have certain challenges to overcome to ensure the financial security of the entire population during their retirement years. The...

March 26, 2024
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13Mar

Chile. Actualizan número de personas que quedó $0 o con menos de $200 mil en la AFP tras los retiros del 10%

Por Verónica Reyes   La Superintendencia de Pensiones (SP) difundió algunas cifras actualizadas ligadas a lo que fueron los retiros del 10% desde las cuentas de capitalización individual de las AFP. Cabe recordar que, luego de eso último, la Ley Nº 21.339 permitió a las personas acceder a un bono de hasta $200 mil sólo bajo dos circunstancias: si luego de los retiros sus cuentas en las AFP quedaron con $0 o un monto inferior a $200 mil. En un periodo de vigencia del beneficio pudieron...

March 13, 2024
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04Mar

Colombia. La oposición frena el avance de la reforma pensional de Gustavo Petro en el Congreso

Por Juan Miguel Hernández Bonilla La reforma pensional del Gobierno está estancada en la plenaria del Senado. La oposición al presidente Gustavo Petro ha logrado frenar en seco el avance del articulado que busca cambiar el sistema pensional colombiano para reforzar la presencia del fondo público y ayudar a garantizar el derecho a la pensión de más de dos millones y medio de adultos mayores pobres. Este miércoles, el Centro Democrático y Cambio Radical han roto el cuórum decisorio, la...

March 4, 2024
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February 2024
27Feb

Urgent Action Needed Amidst U.S. State Pension Debt Crisis

By Howie Jones   The United States is grappling with a severe state pension debt crisis, with a whopping $1.49 trillion in unfunded obligations causing significant economic strain. Areas like San Jose are particularly affected, facing a staggering unpaid debt of $3.5 billion, potentially leading to a tax burden of around $3,600 per resident. This crisis could drastically impact the public sector, potentially decreasing the quality and availability of public services. San Jose’s Odd Fellows society recently held a community improvement forum...

February 27, 2024
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27Feb

Uganda Parliament Pensions Scheme to Reduce Equity Investments in Kenya

By Kenyan WallStreet   Uganda’s Parliamentary Pensions Scheme (PPS) is considering reducing its investments in Kenya due to macroeconomic challenges. The scheme’s total equity assets stand at UShs. 24 billion, out of which two percent is in Kenya. In its most recent financials, the scheme reported a gross investment income UShs. 55 billion and total assets of 425 billion. The growth in total assets marked a significant growth from UShs. 349 billion in 2021/2022 to Shs. 425billion in 2022/2023. “We…propose to reduce...

February 27, 2024
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22Feb

Is This Big Risk Lurking in Your Social Security Claiming Math?

By: John Manganaro     ThinkAdvisor published the latest in an ongoing series of Social Security claiming case studies earlier this month, finding the optimal claiming scenario for the sample married couple at hand would be to draw their benefits earlier than the maximum claiming age of 70. That result, based mainly on the fact that the couple had a highly uneven earnings history and a small but meaningful gap in longevity expectations, surprised some readers, and it sparked a number of insightful discussions with both...

February 22, 2024
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21Feb

Repensar la desigualdad en Latinoamérica

Por: ANA MARIA IBÁÑEZ Casi todo el mundo está de acuerdo en que la distribución desigual del ingreso, la riqueza y las oportunidades en América Latina y el Caribe (ALC) ha obstaculizado los esfuerzos por construir sociedades cohesivas y democracias sólidas, además de frustrar las ambiciones de los jóvenes. Pero los esfuerzos por cerrar la brecha entre ricos y pobres han sido insuficientes y el progreso se ha estancado. Los gobiernos necesitan urgentemente mejores pruebas sobre cómo remediar este problema de...

February 21, 2024
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14Feb

South Africa. GEPF warns of fake letters with respect to pension payments

By Staff Reporter   Scammers are trying to defraud government workers of their pension money via SMS by encouraging them to resign rather than retire, the Government Employees Pension Fund (GEPF) has warned. GEPF is the largest pension fund in Africa with more than 1.2 million active members and about 500 000 pensioners and beneficiaries. The fund is responsible for more than R2.3 trillion in assets under its management. GEPF said it was recently made aware of fraudulent letters being sent to its...

February 14, 2024
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