January 2022

Chile. Primeros pagos de la Pensión Garantizada Universal comenzarán el 18 de febrero
31Jan

Chile. Primeros pagos de la Pensión Garantizada Universal comenzarán el 18 de febrero

Durante la jornada de este viernes, el presidente de la República, Sebastián Piñera, promulgó la ley de Pensión Garantizada Universal (PGU), la cual busca beneficiar a dos millones y medio de personas. Leer también Las AFP en Chile: la reforma urgente que enfrenta Gabriel Boric El beneficio asegura $ 185 mil adicionales a los ahorros previsionales de los adultos mayores de 65 años, sin importar si trabajan o son pensionados. Además, este beneficio no considera a las personas pertenecientes al 10%...

January 31, 2022
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31Jan

Kenya. NSSF Members to Access Pension Services Through M-Pesa App

The National Social Security Fund (NSSF) members can now access pension services through the NSSF Mini App on the M-Pesa Super App. Following a NEW partnership with Safaricom, customers can register for NSSF membership, keep track of their contributions, top-up and manage their NSSF account, and make Tenant Purchase Scheme (TPS) payments through the "Discover" option within the M-PESA Super App. Read also Iranian Teachers Demand Fair Pay, Pension Adjustment Anthony Omerikwa, Managing Trustee, NSSF said that the partnership is part of...

January 31, 2022
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28Jan

Managing Misbehavior: Rational Choice in an Uncertain Retirement

By Rene Martel, Jennifer Gongola, sean klein, Avi Sharon Behavioral science has helped encourage better behaviors for many investors who are accumulating savings for retirement. This paper investigates the application of behavioral science to decumulation to help investors make better choices and maintain quality of life in retirement. We conducted a proprietary research study, collecting more than 750 responses from affluent and high-net-worth investors in the United States age 55 and older. The results identify key behavioral influences linked to...

January 28, 2022
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28Jan

Financial Attitude and Pension Savings Among Informal Economy Workers in Ghana: Application of the Theory of Planned Behaviour

By Dominic Buer Boyetey, Francis Enu-Kwesi The Theory of Planned Behaviour (TPB) was applied to examine the financial attitude of informal economy workers in pension saving. This was against the background that informal economy workers were left out of formal pension schemes while micro pension schemes (MPS) remain as options that can guarantee economic security after retirement for people with the right financial attitudes. We used interview schedules and interview guides to collect quantitative and qualitative responses concurrently on key...

January 28, 2022
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28Jan

Kenya. Zamara launches retirement insurance plan for boda boda riders

Zamara Group, a financial services provider, has entered into a partnership with the United Boda Boda Association of Kenya. The partnership agreement aims to bring financial security to close to 2 million Kenyans within the Boda Boda sector through its Fahari Retirement Plan. The partnership will kick off with rollout of pilot programs on retirement saving, pensions and insurance acceptance within the sector, training and mass rollout to facilitate adoption. Fahari ya Boda Boda is tailored to the specific needs...

January 28, 2022
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Argentina. El Gobierno otorgará pensiones vitalicias a familiares de víctimas de Covid
28Jan

Argentina. El Gobierno otorgará pensiones vitalicias a familiares de víctimas de Covid

Así fue establecido por el Decreto 854/2021. El monto asignado es de $58.124.El tramite ya puede ser iniciado y el familiar recibirá un retroactivo mientras espera la aprobación El Gobierno otorgará pensiones vitalicias a familiares de víctimas de Covid Leer también De la crisis del paradigma salarial clásico a la consolidación de un nuevo patrón de relaciones laborales en Argentina En diciembre pasado el Gobierno nacional anunció mediante el Decreto 854/2021, publicado en el Boletín Oficial, que se otorgará una pensión vitalicia a familiares...

January 28, 2022
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28Jan

Slovenia should reform its pension system to address rapidly ageing population, says OECD

Slovenia should encourage people to work longer and reform its pensions system in order to make it financially sustainable while preserving pensioners’ living standards, according to a new OECD report. OECD Reviews of Pension Systems: Slovenia says that population ageing has started to accelerate and is projected to increase rapidly until the mid-2050s, driven by health improvements at older ages and low fertility rates over the past several decades. Under current rules, public pension expenditure is projected to increase sharply from...

January 28, 2022
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28Jan

Puerto Rico updated fiscal plan directs $10.3 billion to pension trust

Puerto Rico can avoid budget deficits for the next quarter century because federal funds will help drive economic growth on the island as it exits bankruptcy, the commonwealth's congressionally appointed financial oversight board said. The board Thursday unanimously approved a revised multiyear fiscal plan that incorporates federal funds that Congress authorized in the last year, an increase in federal Medicaid funding that's expected to save Puerto Rico $6 billion through fiscal 2026, and a new pension reserve trust that will...

January 28, 2022
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México. La Amafore asegura no estar en contra de crear la figura de "asesor previsional"
28Jan

México. La Amafore asegura no estar en contra de crear la figura de “asesor previsional”

La Amafore envió un comentario a la Comisión Nacional de Mejora Regulatoria (Conamer) sobre el anteproyecto de la Consar para crear la figura del “Asesor Previsional” y manifestó no estar en contra de dicha modificación La Asociación Mexicana de Afores (Amafore) envió un comentario a la Comisión Nacional de Mejora Regulatoria (Conamer) sobre el anteproyecto de la Comisión Nacional del Sistema del Ahorro para el Retiro (Consar) para crear la figura del “Asesor Previsional” y manifestó no estar en contra de dicha modificación. “La Amafore comparte la finalidad...

January 28, 2022
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28Jan

The Supreme Court Declines To Establish Pleading Standard For Defined Contribution Plan Excessive Fee Litigation

To the disappointment of many in the ERISA community, the Supreme Court issued a six-page opinion on January 24th that declined to opine on most of the issues that were before the Court in Hughes v. Northwestern University, No. 19-1401 (U.S. Jan. 24, 2022). In a unanimous opinion authored by Justice Sotomayor, in which Justice Barrett took no part, the Court vacated and remanded the Seventh Circuit's decision upholding the dismissal of plaintiffs' claims of excessive recordkeeping and investment...

January 28, 2022
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