Pension design Archives - Page 53 of 60 - Pension Policy International

29AugAugust 29, 2017

El Desempeño de Los Sistemas de Pensiones Privados En Latinoamérica

Por: Jos Ricardo Duarte Ojeda, Carlos Elizalde S Nchez, Mar a Teresa Casparri Los sistemas de pensiones de America Latina han vivido una oleada de reformas sin precedente en la decada de los noventa; el pionero es el caso de Chile, que en 1981 ha migrado del sistema de Reparto (PAYGO) al sistema de capitalizacion individual. Es un contrastante cambio de politica de corte neoliberal que ha privatizado las pensiones de los trabajadores, ocasionando una variedad de resultados. Este libro...

August 29, 2017

Books, Corporate Governance, Pension design, RegulationCoverage, Labor Market, Political economy, Social Protection, Voluntary pensions

29AugAugust 29, 2017

Sistemas de Pensiones en America Latina y Mexico

Por Juana Isabel Vera Lopez A nivel mundial, los sistemas de pensiones se encuentran en crisis debido a que sus regimenes y beneficios consideraron una situacion distinta a la actual. Fenomenos como el envejecimiento poblacion, aumento de la esperanza de vida, el aumento del trabajo informal, subempleo, auto empleo, entre otros factores han agravado esta situacion. En Mexico, en 1995 y 2007 se reformaron las legislaciones del IMSS e ISSSTE siguiendo los parametros internacionales. En estas dos decadas transcurridas desde...

August 29, 2017

Books, Corporate Governance, Pension design, RegulationCoverage, Labor Market, Political economy, Public Pensions, Social Protection

13AugAugust 13, 2017

An Evaluation of the Electronic Pension Payment System in Tajikistan

By Ruben Barreto & Natalie Chun (Asian Development Bank) Modernizing government-to-person (G2P) pension payments from traditional cash-based to modern electronic-based delivery systems can improve outcomes for pensioners, government entities, and financial services providers. Cash operations, though convenient in some circumstances, involve manual handling procedures in the distribution process that entail large overhead expenses and significant operational risks. These are highly susceptible to fraud and leakages due to difficulties in appropriately reconciling payments. However, experience has shown that implementing electronic-based G2P payments...

August 13, 2017

Articles, Management, Pension design, Slider-LeftAging (and old age), Asia, Payout, Pension Payment

06AugAugust 6, 2017

The Role of Self-Control on Retirement Preparedness of US Households

By Kyoung Tae Kim (University of Alabama), Jae Min Lee (Minnesota State University) & Eunice O. Hong (Sungshin Women's University) We examine the self-control problems of U.S households and their effects on households’ retirement preparedness based on the Behavioral Life-Cycle Hypothesis. Using the 2010 Survey of Consumer Finances dataset, the level of retirement adequacy was estimated with income replacement ratio (IRR), and only 42% of households were adequately prepared for retirement. Results from logistic regression analysis indicated that households with...

August 6, 2017

Aging, Articles, Pension design, Savings, Slider-LeftLabor Market, Savings

01AugAugust 1, 2017

Estudio Integral de las Pensiones que Otorga el IMSS

Por Comisión Representativa ante Organismos de Seguridad Social ¿Cómo obtengo mi pensión y cuál es el trámite para adquirirla? ¿Cómo reactivo mis semanas de cotización en el IMSS? ¿Cuánto dinero voy a recibir? ¿Cómo consigo una pensión mínima garantizada y la atención médica de por vida? Estas y otras preguntas más encontrarán respuesta en este trabajo que la Comisión Represen¬tativa ante Organismos de Seguridad Social (CROSS) del Instituto Mexicano de Contadores Públicos (IMCP) ha puesto a disposición de todos los asegurados,...

August 1, 2017

Books, Pension designSocial Protection

30JulJuly 30, 2017

Pension Funds, Capital Markets, and the Power of Diversification

By Fiona Stewart & Inna Remizova (World Bank); Romain Despalins (OECD) The potential for pension funds to contribute to capital markets and thereby economic growth has been argued on a theoretical basis and demonstrated empirically. However, reforms fostering the development of funded pension systems have not had the economic impact hoped for in some countries. Pension fund portfolios in some cases have remained highly exposed to shorter-term assets, such as bank deposits and shorter-term government bonds. This, in turn, has led to relatively...

July 30, 2017

Articles, Investing, Pension designManagement, Regulation

30JulJuly 30, 2017

Optimal Longevity Risk Transfer and Investment Strategies

By Samuel H. Cox (University of Manitoba), Yijia Lin (University of Nebraska) & Sheen Liu (Washington State University) Given the rising cost of maintaining defined benefit (DB) pensions, there has been a surge of activities in recent years by DB plan sponsors to transfer their pension risk through strategies such as buy-ins and buy-outs. As buy-in and buy-out transaction pipelines grow, insurers actively participating in the buy-in and buy-out markets are exposed to significant longevity risk embedded in pension schemes....

July 30, 2017

Articles, Investing, Management, Pension designDefined Benefit, Management, Risk

16JulJuly 16, 2017

Liquidity and Solvency in Pay-as-You-Go Defined Contribution Pension Schemes: A Continuous OLG Sustainability Framework

By Jennifer Alonso-García (University of New South Wales) & Pierre Devolder (Catholic University of Louvain) Notional Defined Contribution pension schemes are defined contribution plans which are pay-as-you-go financed. From a design viewpoint, the countries where NDCs have been implemented cannot guarantee sustainability due to the choice of notional return paid to the contributions and the indexation rate paid to pensions. We study how the scheme should be designed to achieve liquidity and solvency with a limited set of assumptions in...

July 16, 2017

Articles, Pension design, Regulation, SavingsMandatory pensions, Voluntary pensions

16JulJuly 16, 2017

Policy Reflection: Letter of Credit Usage by Defined Benefit Pension Plans in Canada

By Norma L. Nielson & Peggy L. Hedges (University of Calgary) There is an argument to be made for letting corporations hold off on contributing to their employees’ defined benefit pension plans, as long as there is a guarantee the cash will come eventually. That is the reason that provincial governments began allowing creditworthy companies to instead provide a letter of credit, backed by a Canadian bank, guaranteeing the cash deposit, and secured by the company’s line of credit or...

July 16, 2017

Adequacy, Articles, Pension design, SavingsFunding, Occupational Pensions, Saving

09JulJuly 9, 2017

Policy Reflection: Letter of Credit Usage by Defined Benefit Pension Plans in Canada

By Norma L. Nielson & Peggy L. Hedges (University of Calgary) There is an argument to be made for letting corporations hold off on contributing to their employees’ defined benefit pension plans, as long as there is a guarantee the cash will come eventually. That is the reason that provincial governments began allowing creditworthy companies to instead provide a letter of credit, backed by a Canadian bank, guaranteeing the cash deposit, and secured by the company’s line of credit or...

July 9, 2017

Articles, Labor Market, Pension design, RegulationInvesting, Regulation

August 2017

An Evaluation of the Electronic Pension Payment System in Tajikistan

The Role of Self-Control on Retirement Preparedness of US Households

July 2017

Pension Funds, Capital Markets, and the Power of Diversification

Optimal Longevity Risk Transfer and Investment Strategies

Liquidity and Solvency in Pay-as-You-Go Defined Contribution Pension Schemes: A Continuous OLG Sustainability Framework

Policy Reflection: Letter of Credit Usage by Defined Benefit Pension Plans in Canada

Policy Reflection: Letter of Credit Usage by Defined Benefit Pension Plans in Canada