March 2018

13Mar

The Growing Pension Risks Facing Boomers and Gen Xers

The pension they were expecting to receive every month from their former employer might not be coming from that employer. Instead, it may be turned over to an insurance company hired to manage the pension plan and turn it into monthly annuity payments. If that happens, the pension benefits will no longer be guaranteed by the federal Pension Benefit Guaranty Corp. (PBGC), but by a state insurance guaranty agency. Alternatively, your employer may try to get your pension off its...

March 13, 2018
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01Mar

US. Senate Republicans say pension reform bill will be changed. Crowd says ‘we’ll be back’

Senate Republicans told a vocal crowd Wednesday they will introduce a substitute for the pension reform bill that makes key changes, including curbing a proposed reduction in retired teachers' cost-of-living adjustments. Sen. Joe Bowen, R-Owensboro, said the substitute for Senate Bill 1 will preserve many provisions from the measure he filed last week, but not all. Instead of slashing retired teachers' annual cost-of-living adjustments in half for 12 years, the substitute would reduce that figure from 1.5 percent to 1 percent...

March 1, 2018
News, Uncategorized
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February 2018

Airlines Are Making Tons of Money. Now Pilots Want Their Pensions Back

Airline pilots, still resentful over pensions yanked away in a wave of industry bankruptcies, see growing company profits as a chance to reclaim some of those lost benefits. Unions at American Airlines Group Inc. and Delta Air Lines Inc. are studying ways to reconstitute or replace retirement plans that were scrapped or frozen during the carriers’ past financial struggles. The efforts suggest that pilots are ready to play hardball over the issue in the next round of labor talks, starting early...

February 23, 2018
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November 2017

20Nov

The Rising Longevity Gap by Lifetime Earnings – Distributional Implications for the Pension System

By Peter Haan (DIW Berlin), Daniel Kemptner (DIW Berlin), Holger Lüthen (DIW Berlin) This study uses German social security records to provide novel evidence about the heterogeneity in life expectancy by lifetime earnings and, additionally, documents the distributional implications of this earnings-related heterogeneity. We find a strong association between lifetime earnings and life expectancy at age 65 and show that the longevity gap is increasing across cohorts. For West German men born 1926-28, the longevity gap between top and bottom...

November 20, 2017
Aging, Articles, Labor Market, Savings, Slider-Left, Uncategorized, ,
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10Nov

UK. The pension scheme de-risking market: how to find value

The dynamics of the pension de-risking market may be summarised as market conditions mixed with supply-and-demand forces, with an overlay of regulation. This melting pot leads to a cyclical market with different structures, offering more value for money than others at a particular time. Since I started working in this market as an insurer about 20 years ago, I’ve observed many such cycles, and now as a de-risking adviser to pension schemes I help my clients seek the best available...

November 10, 2017
News, Slider, Uncategorized
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March 2017

31Mar

Chile. Presidente de la Asociación de AFP: Los que tienen más lucas deben ayudar a los que tienen menos

El presidente de la Asociación de AFP, Andrés Santa Cruz, se refirió en ADN Hoy a la propuesta del Gobierno de aumentar la cotización en las cuentas individuales de los trabajadores. Al respecto, el dirigente recalcó que el énfasis debe estar en "con las lucas de los que tienen más, ayudemos a los que tienen menos (...) Reasignemos y adjudiquemos bien los gastos". "La solución es ir ayuda de los que tienen más bajas pensiones, principalmente de las mujeres, a través...

March 31, 2017
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February 2017

08Feb

Modernized Rules for Occupational Pension Funds in Europe

On January 12, 2017, the long-awaited IORP II Directive entered into force. This will affect occupational pension schemes across all Member States in the European Economic Area. This Directive is the successor of the IORP I Directive, which dates from 2003, and includes new rules on institutions for occupational retirement provisions ("IORPs" or "pension funds"). The Directive is designed to improve the governance and transparency of IORPs across Europe, increase their use for cross-border activity, and support long-term investment...

February 8, 2017
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08Feb

Tom Brady should be a model for your retirement

Football fans: It may be years before you’re rid of Tom Brady — and there’s a retirement lesson for us all in that. Tom Brady — who led the New England Patriots to a stunning Super Bowl win last night — may be 39, a ripe old age for a quarterback, but he says he has no plans to retire before next season. He told Fox’s pregame show last night that there was “no way” he’d retire if he won...

February 8, 2017
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08Feb

Hours after Netanyahu visit, UK slams Regulation Law

The condemnation came a day after Netanyahu concluded his first visit with British Prime Minister Theresa May, during which Netanyahu declined to fully back the UK leader’s recognition of the two-state solution as the best pathway to peace. “As a longstanding friend of Israel, I condemn the passing of the Land Regularisation Bill by the Knesset, which damages Israel’s standing with its international partners,” Minister for the Middle East Tobias Ellwood said in a statement. “It is of great concern...

February 8, 2017
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