2022 Archives - Page 108 of 136 - Pension Policy International

05MarMarch 5, 2022

US. Already claimed Social Security? There are still ways you may be able to increase your retirement benefits

Social Security benefits make up about 30% of elderly Americans’ incomes, according to the Social Security Administration. For some beneficiaries, it can be 90% or more. Yet many people do not think of those earned benefits, and the monthly checks that come with them, as a personal financial asset, according to Social Security expert Larry Kotlikoff, author of a new book titled “Money Magic: An Economist’s Secrets to More Money, Less Risk and a Better Life.” The money you pay into the...

March 5, 2022

News, Slider2022, Payout, Pension design, US

04MarMarch 4, 2022

Perú. MEF sobre retiro de fondos de la AFP: puede generar pérdidas adicionales a la economía peruana

El Ministerio de Economía y Finanzas (MEF) se pronunció sobre el impacto negativo que generaría a la economía peruana retirar el 100% de los fondos de las AFP. Evidenciando nuevamente que no coincide con la titular del Ministerio de Trabajo y Promoción del Empleo (MTPE), Betssy Chávez. Mientras Chávez insta al Congreso a que priorice la aprobación del dictamen del proyecto de ley que plantea el retiro el saldo del 100% de los fondos, el titular del MEF, Oscar Graham...

March 4, 2022

Noticias2022, Perú, Retiro de Fondos

04MarMarch 4, 2022

More U.K., European investors move away from Russia

Asset owners and managers across the U.K. and Europe continued moving away from Russian investments following the invasion of Ukraine. The Swedish Pensions Agency on Monday placed an immediate ban on purchasing Russian funds. "We are stopping the possibility of buying the funds that focus most heavily on investments in Russia. This is done to protect pension savers," said Erik Fransson, head of fund management for the SPA, in a news release. SPA has 2.1 trillion (232 billion) Swedish kronor...

March 4, 2022

News, Slider2022, Investment, Pension Management, Russia, UK, Ukraine

04MarMarch 4, 2022

US. State Pensions Can’t Dump Russian Investments They Don’t Even Know They Own

By Edward Siedle Across the nation politicians are naïvely calling for state pensions to dump their Russian investments to punish the country for its invasion of Ukraine. Since state pensions have in recent years agreed to let Wall Street fund managers keep secret their investment holdings, states don’t even know the Russian assets they hold. Yesterday, state Attorney General Dave Yost publicly called upon Ohio’s five public employee retirement funds to divest themselves of Russian financial holdings to further punish the...

March 4, 2022

News, OP Ed, Slider2022, Investment, Pension Management, Russia, Ukraine, US

04MarMarch 4, 2022

Retired women in South Africa carry a huge burden of poverty

South Africa’s president, Cyril Ramaphosa, recently acknowledged that “South Africa needs a new consensus to deal with poverty, unemployment and inequality”. Despite the government’s efforts to address poverty through the provision of state grants, it’s still on the rise. In 2020, it was reported that half of the population was experiencing hardships that have pulled individuals and households into poverty. Even before the COVID-19 pandemic, the South African economy had been growing very slowly, with high rates of unemployment and increasing...

March 4, 2022

News, Slider2022, Gender Gap, South Africa

04MarMarch 4, 2022

Pension Investments: Impacts of the Ukraine / Russia Crisis

Pension scheme trustees will naturally be considering what, if any, steps they may wish to take as the economic effects of Russia's invasion of Ukraine have begun to be felt worldwide, and as further economic sanctions and restrictions have been imposed on Russia and Belarus. There are two issues for trustees to consider: 1.whether any of their investments are now subject to sanctions; and 2.whether, in the light of sanctions and the economic and political consequences arising from the Russian invasion of...

March 4, 2022

News, Slider2022, Investment, Pension Management, Russia, Ukraine

03MarMarch 3, 2022

The Impacts of Matching Contributions on Retirement Savings: Evidence from a Quasi-Natural Experiment in Turkey

By Sadettin Haluk Çitçi & Halit Yanikkaya Using a dataset containing information for more than 39 million contracts and a quasi-experimental design provided by national matching contribution policy reform in Turkey, we study the effects of matching contributions on saving outcomes and determine heterogeneities in responses to matching contribution. Differences-in-differences estimations show that the program leads to a substantial rise in contributions paid. The matching contribution policy raises contributions paid by 18 percent. Moreover, after 30 percent sharp rise in...

March 3, 2022

Articles, Savings2022, Behavioral Science, Turkey

03MarMarch 3, 2022

México. Conflicto entre Rusia y Ucrania impacta en afores, ¿qué hacer cuando hay minusvalías?

Los movimientos en los mercados financieros derivados del conflicto que mantiene Rusia con Ucrania ya están provocando pérdidas virtuales, minusvalías, en las cuentas de ahorro para el retiro de los mexicanos. Durante enero las afores reportaron minusvalías por 82,455 millones de pesos, para febrero las fondos de los trabajadores continúan con disminuciones. Valeria comenzó este año con 229,052 pesos en su afore y para el 2 de marzo su saldo acumulado era de 224,575 pesos, 4,477 pesos menos. También su ahorro...

March 3, 2022

Noticias2022, Administración de Pensiones, Mexico, Ucrania

03MarMarch 3, 2022

Perú. Ministra del Trabajo pide que Congreso priorice ley para retirar el saldo del 100% de fondos en las AFP

La ministra de Trabajo y Promoción del Empleo, Betssy Chávez, insistió al Congreso en que priorice la aprobación del dictamen del proyecto de ley que plantea el retiro el saldo del 100% de los fondos de las Administradoras de Fondos de Pensiones (AFP). Leer también Perú. Congreso: proponen ampliar bono de reconocimiento por traslado a la AFP Para ello, Chávez remitió un oficio a la presidenta de la Comisión de Economía, Banca, Finanzas e Inteligencia Financiera, Silvia María Monteza Facho. Leer también...

March 3, 2022

Noticias2022, Perú, Retiro de Fondos

03MarMarch 3, 2022

Global Pension Funds Shun Russian Investments

A growing number of pension funds are shunning investments in Russia following the country’s military invasion of Ukraine. Norway’s minister of finance said he will ask the Government Pension Fund Global, Norway’s $1.3 trillion sovereign wealth fund, to freeze all its investments in Russia immediately, and also divest from Russia. Read also From Japan to the US, sanctions threaten top pension funds’ Russia assets “Given the way the situation has evolved, we consider it necessary for the fund to divest its Russian...

March 3, 2022

News, Slider2022, Investment, Pension Management, Russia, Ukraine

March 2022