August 2023

Here’s the real story of next year’s Social Security COLA

The Social Security COLA for 2024 is likely to be just as high as it was in prior years. It’s important to point this out in order to counter the alarmist narrative that’s taking hold in some quarters that next year’s cost-of-living adjustment, widely known as COLA, will be much lower than in prior years. Retirees and others living on a fixed income are naturally upset. To be sure, we won’t know the exact COLA until Oct. 12, which is when...

Request to the federal government: New pensioners get an average of one hundred euros less

“Two-thirds would be against such an adjustment” This is the current opinion of Germans. Janina Mütze from the opinion research institute Civey explains what moves Germans when it comes to the following topics: Retirement, the danger of AI for jobs, the financial liability of politicians and border controls. Those who retired last received a hundred euros less than other pensioners. This emerges from a request from the left-wing faction to the federal government. New pensioners only received an average pension of...

AFP: pensión mínima sería de S/500 y bancos entrarían a competir, plantea MEF en reforma previsional

El Gobierno enviará en setiembre su propuesta de reforma de pensiones al Congreso de la República, según anunció el ministro de Economía Alex Contreras. Para ello, el documento preliminar expuesto a la ciudadanía se encuentra en etapa de recepción de comentarios y sugerencias, y luego será elevado a la Presidencia del Consejo de Ministros (PCM) para su respectiva aprobación. El Ministerio de Economía y Finanzas (MEF), encargado de la Comisión Multisectorial de esta reforma previsional, señala en su exposición de...

July 2023

GPSSA launches unified GCC campaign on insurance protection extension system

The General Pension and Social Security Authority (GPSSA) has launched a unified campaign in collaboration with pension and social security authorities across the GCC region. The primary objective of this campaign, as explained by Dr. Maysa Rashed Ghadeer, Government Communications Director at the GPSSA, is to guarantee that citizens receive adequate insurance protection, regardless of their work location within the GCC. The extension protection system enables GCC nationals employed in UAE-based entities to be registered with the GPSSA and receive end-of-service...

Nigeria. Pension contributors cross 10m mark 19 years after sector reform

The nation’s pension industry has achieved a milestone of over 10 million registered contributors as at June 2023, 19 years after the reform of the sector. Pension fund assets also hit a record N16.76 trillion in the same month, growing by 4.1 percent from N16.10 trillion in May 2023. Michael Oyebola, an analyst at Money Counselors, while reviewing the performance of the pension industry at the end of June, described it as a significant achievement. “In a significant achievement for the Nigerian...

October 2021

El retiro para mujeres, tema que no se debe posponer

En México, el tema relacionado con la vejez y al ahorro para el retiro es complicado para muchas personas por diversos factores, en el caso de las mujeres las cosas se pueden complicar para aquellas que trabajen de manera independiente, o bien, fuera del mercado laboral formal y las que dedican su tiempo al hogar. Ante este crudo, pero por desgracia real panorama, expertas del tema aconsejaron tomar acciones desde ahora para llegar a esa etapa de la vida sin...

Argentina. ANSES logró la cifra más alta de jubilaciones y pensiones de los últimos 6 años

La Administración Nacional de la Seguridad Social (ANSES), informó que a través de sus distintos canales de atención -presencial y virtual-, realizó 1.386.539 trámites entre jubilaciones, pensiones, Asignaciones Universales y Familiares y otros beneficios. Leer también Ahorro e inclusión financiera: una revisión de la literatura desde la Economía del Comportamiento Al respecto, la directora ejecutiva de ANSES, Fernanda Raverta, afirmó que "desde principios de año nos comprometimos a redoblar nuestros esfuerzos para recuperar el tiempo que la pandemia nos había quitado...

More Holocaust survivors to receive pensions from German government

The Claims Conference, which negotiates payments for Holocaust survivors with the German government, announced Wednesday it had secured pensions for an additional 6,500 Holocaust survivors who endured the siege of Leningrad, as well as other groups who were able to flee Nazi terror in other parts of Europe. In its annual negotiations with the German government, the NGO works to expand the number of people eligible for compensation. The 6,500 survivors who will benefit from the latest announced payments will...

Nigeria. Will the pension industry attain full potential?

Yes, when necessary measures are put in place and the right steps taken, argues Paddy Ezeala The inflation rate is still in double digits; way above 17%. Combined with the continued nosedive of the naira, investors are their wits’ end as to how to navigate the situation. This is not the best of times globally. Most economic indices are pointing downwards in the face of a protracted global Covid-19 pandemic. Great economies are usually those that, among other things, have...

México. Choferes y repartidores de Uber, DiDi, Rappi y Beat podrán inscribirse al IMSS

El Instituto Mexicano del Seguro Social (IMSS) firmó un convenio con las plataformas digitales de servicios de transporte de pasajeros y distribución de alimentos Beat, DiDi, Rappi y Uber para que se puedan inscribir al seguro social. El IMSS busca promover la participación de estos empleados en la prueba piloto para la incorporación voluntaria al Régimen Obligatorio del Seguro Social de personas trabajadoras independientes. Bajo el esquema de la prueba piloto, los conductores y repartidores tendrán acceso a los cinco seguros...