System Sustainability Archives - Page 23 of 37 - Pension Policy International

03AugAugust 3, 2019

Falling Short: The Coming Retirement Crisis and What to Do About It

By Charles D. Ellis, Alicia H. Munnell, Andrew D. Eschtruth The United States faces a serious retirement challenge. Many of today's workers will lack the resources to retire at traditional ages and maintain their standard of living in retirement. Solving the problem is a major challenge in today's environment in which risk and responsibility have shifted from government and employers to individuals. For this reason, Charles D. Ellis, Alicia H. Munnell, and Andrew D. Eschtruth have written this concise guide for...

August 3, 2019

Adequacy, Books, Savings, System Sustainability2014, Income, Management, Poverty, Regulation

26JulJuly 26, 2019

Individual Retirement Accounts: Formalizing Labor's and IRS's Collaborative Efforts Could Strengthen Oversight of Prohibited Transactions

By Jay McTigue, Charles A. Jeszeck, MaryLynn Sergent, David Lehrer, Ted Burik, Susan Chin, Steven Flint, Emily Gruenwald, Mark Kehoe Mark Kehoe, Jungjin Park, David Reed, James Bennett, Amy Bowser, Jacqueline Chapin The Department of Labor (DOL) has a process to grant administrative exemptions for individual retirement account (IRA) transactions that would otherwise be prohibited by law, such as an IRA buying investment property from the IRA owner. DOL evaluates applications using statutory criteria and follows administrative procedures codified...

July 26, 2019

Articles, Pension design, Regulation, Supervision, System Sustainability2019, Defined Contribution, Management, Reforms, US

26JulJuly 26, 2019

Individual Retirement Accounts: Formalizing Labor’s and IRS’s Collaborative Efforts Could Strengthen Oversight of Prohibited Transactions

By Jay McTigue, Charles A. Jeszeck, MaryLynn Sergent, David Lehrer, Ted Burik, Susan Chin, Steven Flint, Emily Gruenwald, Mark Kehoe Mark Kehoe, Jungjin Park, David Reed, James Bennett, Amy Bowser, Jacqueline Chapin The Department of Labor (DOL) has a process to grant administrative exemptions for individual retirement account (IRA) transactions that would otherwise be prohibited by law, such as an IRA buying investment property from the IRA owner. DOL evaluates applications using statutory criteria and follows administrative procedures codified...

July 26, 2019

Articles, Pension design, Regulation, Supervision, System Sustainability2019, Defined Contribution, Management, Reforms, US

19JulJuly 19, 2019

Reconstructing Retirement: Work and Welfare in the UK and USA

By David Lain In the United Kingdom, retirement programs are being reconstructed to follow the American practice of abolishing mandatory retirement and increasing state pension ages. This timely book compares prospects for work and retirement at age sixty five-plus in both the United States and the United Kingdom. After exploring the shifting logic behind both nations' policies--policies that increase both the need and opportunities to work past age sixty five--David Lain presents an original comparative statistical analysis on the...

July 19, 2019

Books, Pension design, System SustainabilityAging, Labor Market, Public Policy, Social Security, UK, US

12JulJuly 12, 2019

Digitalization and the Future of Work: Macroeconomic Consequences

By Melanie Arntz, Terry Gregory, Ulrich Zierahn Computing power continues to grow at an enormous rate. Simultaneously, more and better data is increasingly available and Machine Learning methods have seen significant breakthroughs in the recent past. All this pushes further the boundary of what machines can do. Nowadays increasingly complex tasks are automatable at a precision which seemed infeasible only few years ago. The examples range from voice and image recognition, playing Go, to self-driving vehicles. Machines are able...

July 12, 2019

Articles, Labor Market, System SustainabilityPolitical economy, Public Policy, Social Protection

05JulJuly 5, 2019

Reforming Pensions While Retaining Shareholder Voice

By David H. Webber Public pension and labor union funds have been the driving force in diversified shareholder activism. They have also fended off attacks on jobs and proactively created jobs for fund contributors. These funds currently represent almost $4 trillion in assets over which workers have substantial control. That worker control - and the collective nature of defined benefit pension plans - is the necessary precondition for their shareholder activism. Both worker control and collective investment are directly...

July 5, 2019

Articles, Regulation, System Sustainability2019, Corporate Governance, DC Pensions, US

28JunJune 28, 2019

Crashed: How a Decade of Financial Crises Changed the World

By Adam Tooze was the “day after Lehman.” It was the day global money markets seized up. At the Federal Reserve Board in Washington, DC, September 16 began with urgent plans to sluice hundreds of billions of dollars into the world’s central banks. On Wall Street all eyes were on AIG. Would the global insurance giant make it through the day, or would it follow the investment bank Lehman into oblivion? A shock wave was rippling outward. Within weeks...

June 28, 2019

Books, System Sustainability2019, Political economy

28JunJune 28, 2019

Switching Costs and Competition in Retirement Investment

By Fernando Luco How do different switching costs affect choices and competition in a private pension system? I answer this question in a setting in which variation in employment status allows me to identify two switching costs that jointly affect enrollees’ decisions: the cost of evaluating financial information and the cost of the bureaucratic process that enrollees must navigate when switching. I use this variation to estimate the different switching costs and study their impact on competition among pension...

June 28, 2019

Adequacy, Articles, Investing, System Sustainability2019, Pension Management

25JunJune 25, 2019

Climate Impact Pledge: Tackling the climate emergency

By Meryam Omi Public concern about the danger posed by climate change has reached unprecedented levels. More than a million students have walked out of classes worldwide, while protests have been held across dozens of countries, to call for swift action from governments1. This is no fad. The world is truly in the midst of a climate emergency, which could have drastic consequences for markets, companies and, therefore, our clients’ assets. With the UN warning that there is little over...

June 25, 2019

Articles, Investing, Reports, System Sustainability2019, ESG, Social Protection

25JunJune 25, 2019

Retirement Funding in South Africa 2019

The South African retirement funding sector, with assets in excess of R4.26-trillion, has the fifth highest assets-to-gross domestic product ratio in the world. However, less than 10% of retirement fund members are able to maintain their standard of living when they stop working and 41% of economically active South Africans have not made any provision for their retirement. Total membership of retirement funds rose from 16.6 million to 16.9 million in 2017, while total retirement fund contributions increased by...

June 25, 2019

Books, Reports, System Sustainability2019, Funding, South Africa

August 2019

Falling Short: The Coming Retirement Crisis and What to Do About It

July 2019

Individual Retirement Accounts: Formalizing Labor's and IRS's Collaborative Efforts Could Strengthen Oversight of Prohibited Transactions

Individual Retirement Accounts: Formalizing Labor’s and IRS’s Collaborative Efforts Could Strengthen Oversight of Prohibited Transactions

Reforming Pensions While Retaining Shareholder Voice

June 2019

Crashed: How a Decade of Financial Crises Changed the World

Switching Costs and Competition in Retirement Investment

Retirement Funding in South Africa 2019