February 2019

20Feb

Kosovo. Government takes decision to increase pensions

The Government of Kosovo took a decision Tuesday to increase state pensions.Minister of Finances, Bedri Hamza, presented the new pensions scheme in front of Kosovo Government. “Based on the new program and state budget I propose increase of basic pensions by 20 percent, contribute pensions 15 percent, early retirement of Trepca miners 20 percent,” Hamza said. Minister of Labour and Social Welfare Skender Recica, welcomed the decision saying the increase of pensions will be implemented accordingly to Government’s decision.  Read...

February 20, 2019
News, Slider,
Read more...
19Feb

México. Cae el interés de las Afore por adquirir deuda de Pemex

Las Administradoras de Fondos para el Retiro (Afore) concentran 7.1 por ciento de la deuda de Petróleos Mexicanos (Pemex), es decir, 69 mil 688 millones de pesos de los 975 mil 952 millones que se encontraban en el mercado a septiembre del año pasado, de acuerdo con el reporte trimestral más reciente de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). Esos datos revelan que la deuda de la paraestatal es de las menos atractivas para...

February 19, 2019
Noticias,
Read more...
19Feb

Perú. AFP: afiliados aportan sin tener una idea clara de su futura pensión

Según informe. Por ello, la Comisión de Protección Social sugirió que el aportante tenga una proyección de su pensión. Según la SBS, esto ya se realiza en otros países, pero para Perú no es una obligación. Bajo el sistema de ONP existen reglas que permiten al afiliado tener una idea de lo que será su pensión al momento de jubilarse. Por ejemplo, existe una pensión mínima (S/ 415) y una pensión máxima (S/ 857,36). Además, se le exige al...

February 19, 2019
Noticias,
Read more...
19Feb

Latam FX weak, Brazil’s real drops ahead of pension reform plans

Latin American currencies weakened against the U.S. dollar on Monday, with Brazil's real underperforming its peers ahead of anticipated pension reforms to be presented to congress later this week. The real slipped 0.8 percent, underperforming its peers, as President Jair Bolsonaro is expected to face opposition from congress, possibly delaying the passage of reforms seen as essential for shoring up the economy. "Pension reforms are considered crucial by the market with...

February 19, 2019
News, Slider, ,
Read more...
19Feb

Germany. Retirement: income for the pension insurance increased significantly

The revenue of The statutory pension insurance increased significantly in January: With 19.4 billion euros, the level was 5.3 percent year-on-year. According to a spokesperson of the German statutory pension insurance scheme, the development is due mainly to the increase in wages and high employment. However, the so-called Sustainability reserve of the pension Fund decreased in January to 38 billion Euro, a decrease of 0.2 percentage points compared to January, 2018. That’s the equivalent of 1,69 month of...

February 19, 2019
News, Slider,
Read more...
19Feb

Munich Re closes longevity swap deal with Lafarge pension scheme

German reinsurer Munich Re has completed a longevity swap deal with the Trustee of Lafarge UK Pension Plan, the UK pension scheme of French industrial company Lafarge. The arrangement is intended to reduce the Plan’s exposure to longevity risk, which arises when pensioners live longer than expected and thus claim more money on their retirement plans. Lafarge identified longevity risk as the largest individual risk in its plan due to its focus on defined benefit (DB) schemes, which pay...

February 19, 2019
News, Slider, , ,
Read more...
19Feb

Ireland. Community Employment supervisors protest over decade-long pensions dispute

Community Employment (CE) supervisors are protesting outside the Department of Finance this afternoon over a 10-year pensions dispute. Around 1,250 CE supervisors and assistant supervisor do not get access to any occupational pension scheme and are now calling on Finance Minister Paschal Donohoe to implement a 2008 Labour Court recommendation. Speaking at the rally retired CE supervisor Paddy Quinn said:"In 2008 the Labour Court issued a recommendation saying that CE supervisors and assistant supervisors should be given access to...

February 19, 2019
News, Slider
Read more...
18Feb

Educación financiera para mejores finanzas personales

Algunos de los errores que cometen las personas con sus finanzas es no ahorrar, abusar de los créditos, prestar y pedir prestado ¿Por qué la gente se endeuda tanto? Un experto nos explica por qué es tan importante aprender a manejar las finanzas personales y familiares, de acuerdo a sus ingresos y gastos. Los seres humanos en general, debemos tomar decisiones a diario; todas ellas con diversos grados de importancia y urgencia, algunas pueden tener efectos representativos de forma...

February 18, 2019
Noticias,
Read more...
18Feb

Ireland. Community employment scheme supervisors to strike

Demonstrations to take place at Intreo offices on Monday over demands on pension rights Up to 500 community employment scheme supervisors are expected to go on strike today amid demands for access to enhanced pension rights. The strike, organised by SIPTU and Forsa members, will see demonstrations at Intreo offices around the country and a central protest at the Department of Finance in Dublin, held at midday. Speaking last week, the general secretary of the Irish Congress of Trade...

February 18, 2019
News, Slider,
Read more...
18Feb

10 Critical Questions About Retirement Plan Cybersecurity

Congress is taking an interest in cybersecurity specifically as it relates to retirement plans, providers, sponsors and participants. Senator Patty Murray, D-Wash., and Congressman Bobby Scott, D-Va., asked 10 important questions (more actually, since each have multiple parts) of the Government Accountability Office last week, seeking answers about protections in place, and what more should be done moving forward. “Under current law, retirement plan fiduciaries are responsible for designing and administering plans in the best interest of plan participants,”...

February 18, 2019
News, Slider,
Read more...