System Characterization Archives - Pension Policy International

21MarMarch 21, 2025

Assessing the Permanent Income Hypothesis in Poor Areas: The Case of Rural Pensions in Brazil

By Bruno Kawaoka Komatsu, Lucas Dias & Naercio Menezes Filho In Brazil, poor women in family agriculture are entitled to a monthly unconditional pension from the government when they turn 55, a large predictable income increase for rural families. In this paper, we use a national family expenditure survey and a fuzzy regression discontinuity design strategy to estimate the impacts of that pension on consumption, finance and labor market indicators. We show that the rural pension increases income by 50%,...

March 21, 2025

Articles, System Characterization2025, Financial Education, Income

14MarMarch 14, 2025

Pension Funding Index February 2025

By Zorast Wadia The funded status of the 100 largest U.S. corporate defined benefit pension plans increased by $12 billion during January, as measured by the Milliman 100 Pension Funding Index (PFI). The funding surplus improved to $71 billion as a result of liability decreases and investment returns that surpassed expectations. Pension liabilities fell during the month due to a small increase in the benchmark corporate bond interest rates used to value those liabilities. As of January 31, the PFI...

March 14, 2025

Articles, System Characterization2025, Defined Benefit, Funding, Occupational Pensions

07MarMarch 7, 2025

Understanding the Gender Pension Gap in Canada

By Elizabeth Shilton The gender pension gap in Canada measures the gender difference in combined income from Canada’s 3-pillar system of retirement income instruments: Old Age Security/Guaranteed Income Supplement, Canada Pension Plan/ Quebec Pension Plan and private pensions (including RRSP/RRIF income). In 1976 - the first year for which we have meaningful statistics – that gap stood at 15%, and it has stubbornly refused to close despite substantial increases in overall retirement income and massive advances in women’s labour market engagement...

March 7, 2025

Books, Books, Reports, System Characterization2024, Canada, Gender Gap, Labor Market

07MarMarch 7, 2025

The Gender Pensions Gap

By Khadijah Zaidi & James Mirza-Davies The gender pensions gap refers to differences in retirement income or retirement wealth for men and women, and it can be measured in different ways. The gender pensions gap is mainly caused by the gender pay gap. There are however additional causal factors relating specifically to pensions, such as historic state pension rules, the impact of auto-enrolment rules on different types of workers, and how divorce settlements treat pensions. The Work and Pensions Committee...

March 7, 2025

Books, Books, Reports, System Characterization2024, Gender Gap, Labor Market, Longevity, UK

21FebFebruary 21, 2025

Multiemployer Pension Funding Study: Year-end 2024

By Tim Connor,Timothy Herman,Rex Barker & Nina Lantz The amounts in Figure 1 reflect the $70 billion in SFA granted to 97 plans that received the funds by December 31, 2024, including $16 billion paid during 2024. Without the SFA program, the aggregate funded percentage would be approximately 89%. The liabilities in Figure 1 are projected using discount rates equal to each plan’s actuarial assumed return on assets. Assumed returns generally fall between 6.0% and 8.0%, with a weighted average interest...

February 21, 2025

Books, Books, Reports, System Characterization2025, Funding, Occupational Pensions, US

31JanJanuary 31, 2025

NIRS’ Pensionomics 2025 Report

By Andrew Clark Earlier this month, the National Institute on Retirement Security (NIRS) released its bi-annual Pensionomics report, which details how spending from defined-benefit pensions boosts economies in communities nationwide and continues to be a reliable economic driver for millions of people. The report examines the impact of pensions on local economies nationwide by calculating the benefits paid to retirees and the subsequent spending generated by these benefits. This analysis includes tax revenue and local expenditures, which stimulate the broader economy, leading...

January 31, 2025

Books, Books, Reports, System Characterization2025, Economy, Income, Private Pensions, Public Pensions, US

31JanJanuary 31, 2025

Allianz Global Pension Report 2025: Time to walk the talk

By Allianz Research Allianz published the third edition of its “Global Pension Report”, which analyzes 71 pension systems around the globe with the help of the company's own “Allianz Pension Index” (API). The indicator consists of three pillars: analysis of the demographic and fiscal situation, and an assessment of the sustainability (e.g. financing and contribution periods) and adequacy (e.g. coverage and pension levels) of the pension system. A total of 40 parameters are taken into account, with scores between 1...

January 31, 2025

Books, Books, Reports, System Characterization2025, Adequacy, Coverage, Pension Reform, Retirement Age, Sustainability

31JanJanuary 31, 2025

Financial Inclusion Across the United States

By Motohiro Yogo, Andrew Whitten & Natalie Cox We study retirement and bank account participation for the universe of U.S. households with a member aged 50 to 59 in the administrative tax data. ZCTA-level average income, income inequality, and racial composition predict retirement account participation for low-income households, conditional on household income and regional price parities. Income inequality also predicts bank account participation for low-income households. We estimate the causal effect of access to an employer retirement plan on participation. Recent policy proposals...

January 31, 2025

Articles, System Characterization2024, Financial Inclusion, Income, US

24JanJanuary 24, 2025

2024 BlackRock Read on Retirement

By BlackRock Retirement. It’s deeply personal. And yet, many of the challenges workers face are common and shared. The relationship someone new to the workforce has with retirement is likely very different than that of someone later in their career. Layer in factors like individual experience and a lack of access to the right tools, opportunities and guidance… and suddenly the path can get complex. But we’re rethinking retirement – because it doesn’t have to be. Get the report here.

January 24, 2025

Books, Books, Reports, System Characterization2024, Longevity, Retirement Planning, Saving

06DecDecember 6, 2024

Fintech, Visual Attention, and Financial Inclusion: A Field Experiment on Migrant Remittances

By Eduardo Nakasone, Máximo Torero & Angelino Viceisza Migrant remittances are significant but remain relatively costly to send. Policymakers have argued that fintech, specifically, comparison websites like kayak.com but for sending money, can boost financial inclusion and reduce remittance prices. Yet, little is known about how migrants with limited education and trust in digital methods interact with fintech. We conduct a field experiment on a comparison website and vary remittance-company attributes shown to migrants, specifically, the time for delivery and...

December 6, 2024

Articles, System Characterization2024, Engagement, Financial Inclusion, Fintech

March 2025

Assessing the Permanent Income Hypothesis in Poor Areas: The Case of Rural Pensions in Brazil

Pension Funding Index February 2025

Understanding the Gender Pension Gap in Canada

The Gender Pensions Gap

February 2025

Multiemployer Pension Funding Study: Year-end 2024

January 2025

NIRS’ Pensionomics 2025 Report

Allianz Global Pension Report 2025: Time to walk the talk

Financial Inclusion Across the United States

2024 BlackRock Read on Retirement

December 2024

Fintech, Visual Attention, and Financial Inclusion: A Field Experiment on Migrant Remittances