May 2023
26May

Save to Advance: Analysis and Recommendations on the Pension Reform in Colombia

By Manuela Restrepo, Camilo José Ríos, Andrés Mauricio Velasco & Andrés Zambrano  In March of 2023, the Government filed a Bill that seeks to modify the Colombian pension system. The Bill contemplates a four-pillar scheme: a social transfer pillar named Solidario, a semi- contributory pillar, a contributory pillar, and a voluntary savings pillar. This paper presents a summary of the Bill filled in Congress, followed by an analysis of its implications for fiscal sustainability and macroeconomic stability. As a result, we recommend that the...

May 26, 2023
Articles, Pension design, , , ,
Read more...
19May

The Future of AI and Older Adults

By Laurie M. Orlov  Advances in AI got the full attention of the technology industry, which is undergoing its first major disruption since the arrival of smart speakers and voice in 2014. Multiple industries see compelling opportunities, including healthcare providers, senior living, customer service providers, training and remote monitoring service offerings. Government organizations are investing in AI and aging startups and programs. Although there are a number of barriers to adoption, in the not-so-distant future, machine learning, chatbots, and AI in the home...

May 19, 2023
Aging, Books, Books, , ,
Read more...
19May

Access to Pensions, Old-Age Support, and Child Investment in the People’s Republic of China

By Xiaoyue Shan & Albert Park This paper studies how access to public pensions affects old-age support and child investment in traditional societies. Guided by predictions from an overlapping generations model, we analyze the influences of a new pension program in rural People’s Republic of China, using a difference-in-differences approach. We find that the program crowds out transfers from working-age adults, especially men, to their elderly parents. Interestingly, the impact on child investment significantly differs by child gender. While adult...

May 19, 2023
Articles, System Characterization, , , ,
Read more...
19May

Can the Australian Judicial System Meet the Structural Challenges of Future Population Change?

By Brian Opeskin  This article examines the impact of population change on the evolution of the Australian judicial system. Through four case studies, it argues that demography is an important but overlooked lens through which to understand pressures on the judicial system over coming decades. The case studies examine the impact of increasing life expectancy on judicial tenure; of population ageing on judicial pensions; of international migration on judicial diversity; and of population redistribution on the spatial delivery of justice...

May 19, 2023
Aging, Articles, , ,
Read more...
19May

But What If a Pension Fund is Overfunded?

By James Tatum Currently, the consensus is that if a pension fund is less than 100 percent funded, it is underfunded.1 In other words, if the pension fund does not presently have all the assets needed to pay liabilities in the future (and without consideration of future contributions to the pension fund), the pension fund and retiree benefits are theoretically imperiled. So, out of concern for “underfunded” pension funds, of which there are many, there have been innumerable research papers,...

May 19, 2023
Articles, Pension Management, ,
Read more...
17May

Tecnología de asistencia

Por Organización Mundial de la Salud La tecnología de asistencia permite a las personas llevar una vida sana, productiva, independiente y digna y tomar parte en la educación, el mercado laboral y la vida social. La tecnología de asistencia reduce la necesidad de servicios oficiales de salud y apoyo y de atención crónica, así como la carga de trabajo que recae en los cuidadores. A falta de esta tecnología, ciertas personas suelen verse excluidas, aisladas y sumidas en la pobreza,...

May 17, 2023
Artículos, Envejecimiento, Envejecimiento, , ,
Read more...
17May

Ahorro voluntario para el retiro: su beneficio fiscal

Por Lic. Gabino Hernández Hernández, Dra. María del Carmen García García & Dra. Alicia Eguía Casis  En México el porcentaje de personas que ahorran voluntariamente para su fondo de retiro es muy bajo. El objetivo general del presente trabajo es destacar la importancia y los beneficios fiscales del ahorro voluntario para el retiro. Contribuyendo de esa manera, al logro de los objetivos de desarrollo sostenible; en específico al fin de la pobreza, en este caso, de las personas adultas mayores, promoviendo el...

May 17, 2023
Ahorro, Artículos, , ,
Read more...
17May

Contratación laboral de adultos mayores en el Perú: El derecho a la igualdad como solución a la crisis de seguridad social que se avecina

Por César Alejandro Nájar Becerra  Durante la última década la demografía, las crisis económicas y la robotización - automatización del empleo, han traído consigo una crisis latente en el campo de la seguridad social que poco a poco ha venido siendo materia de estudio por los profesionales del derecho. En efecto, el envejecimiento de la población como fenómeno en las distintas sociedades del mundo, sumado a la ausencia de empleo generado por la economía informal y la robotización, han traído...

May 17, 2023
Artículos, Envejecimiento, Envejecimiento, Mercado Laboral, Mercado Laboral, , , ,
Read more...
12May

Workplace sidecar saving in action

By Annick Kuipers, Jo Phillips, Will Sandbrook & Emma Stockdale As a concept, sidecar saving is designed to work with human cognitive and behavioural biases, by sequencing people’s saving to boost their financial resilience – by first, in the short term, building liquid savings, and then, for retirement, increasing contributions to pension saving. We knew immediately that this idea had the potential to address two of the biggest financial challenges for low- to moderateincome households in the UK: 1) not...

May 12, 2023
Books, Books, Pension design, ,
Read more...
12May

“Milliman’s Pension Funding Index. May 2023”

By Milliman The funded status of the nation’s 100 largest corporate defined benefit pension plans decreased by $7 billion during April, as measured by the Milliman 100 Pension Funding Index (PFI). A decrease in the benchmark corporate bond interest rates used to value pension liabilities led to an increase in these liabilities of $10 billion for the month. As of April 30, the funded ratio fell to 99.5%, from 100.1% at the end of March. April saw the funding surplus...

May 12, 2023
Books, Books, Reports, System Characterization, System Sustainability, , ,
Read more...