Public Pensions Archives - Page 27 of 33 - Pension Policy International

06NovNovember 6, 2020

US. 10 Ways to Close Public Pension Funding Gaps

The best way to close public pension funding gaps, according to the National Conference on Public Employee Retirement Systems (NCPERS), is to reform state and local revenue systems and close tax loopholes. “But that is a long road, and it is beyond the scope of responsibilities of pension trustees and administrators,” NCPERS said in a recent research paper called “Ten Ways to Close Public Pension Funding Gaps.” “However, we can help ensure that state and local governments are looking...

November 6, 2020

News, SliderPublic Pensions, US

05NovNovember 5, 2020

Pension Superpowers and Financial Markets in the Sino-American Century

By M. Nicolas J. Firzli In this primer published in the Feb. 2020 issue of Private Debt Investor (PDI), Nicolas J. Firzli, World Pensions Council, looks at how institutional asset owners will come to the fore in the new geo-economic context defined by renewed Sino-American "coopetition" across ASEAN countries, Australia, Eastern Europe and the MENA area, Brexit and the resurgence of one-nation conservatism in Britain, the slow, relative decline of the European Union and the secular rise of "Pension...

November 5, 2020

Articles, Pension design2020, Pension Management, Private Pensions, Public Pensions

05NovNovember 5, 2020

Latvia. Constitutional Court to decide on minimal old age pension amount

On Wednesday, 4 November, a court hearing was commenced during which it is planned to decide on the current old age pension amount’s compliance with the Constitution of the Republic of Latvia. In accordance with Europe’s Reviewed Social Charter, the minimal old age pension amount in Latvia should be at least EUR 341 a month, whereas currently it is EUR 80, as reported by the Ombudsman’s Bureau. Ombudsman Juris Jansons turned to the Constitutional Court over the non-compliance of...

November 5, 2020

News, Slider, Uncategorized2020, Europe, Latvia, Public Pensions

29OctOctober 29, 2020

The Changing Nature of Work and Public Pension Coverage: Evidence from the US and Europe

By Axel H. Börsch-Supan, Courtney Coile, Jonathan Cribb, Carl Emmerson and Yuri Pettinicchi We examine non-standard work and its impact on pension coverage via a case study of the US, the UK, and Germany. We find that the share of workers engaged in non-standard work has changed only modestly over time in these three countries, despite the popular perception that a more significant transformation in the nature of work may be underway. We discuss how non-standard work may affect...

October 29, 2020

Articles, Labor Market, System Sustainability2020, Coverage, Europe, Public Pensions, US

28OctOctober 28, 2020

US. How to start defusing NYC’s pension bomb

Gotham’s public-health crisis risks becoming a financial crisis — including by ravaging the underfunded retirement systems promised to public workers. Four essential steps could avert catastrophe. Even before the crisis, the city had set aside just 2 percent of the savings needed to cover retiree health benefits for city workers, while its pension funds contained only 79 cents for every dollar needed to cover projected benefits. These fringe benefits consumed one-third of the city’s municipal payroll and one-tenth of...

October 28, 2020

News, Slider2020, Public Pensions, US

27OctOctober 27, 2020

US. State Liability Burdens Fall to 5%; Five States Top 20% Driven by Pensions

Fitch Ratings-New York-26 October 2020: Long-term liabilities burdens fell for a fourth straight year for U.S. states and hit a notable threshold last fiscal year, according to Fitch Ratings in its latest annual survey of state direct debt and pension liabilities. Read also US. Most Workers Believe COVID-19 Will Affect Their Retirement Planning Long-term liabilities relative to personal income declined to 5% in fiscal 2019, from 6% in fiscal 2016. "The downward trend does not necessarily reflect an enduring...

October 27, 2020

News, Slider2020, COVID-19, Public Pensions, US

23OctOctober 23, 2020

The Changing Nature of Work and Public Pension Coverage: Evidence from the US and Europe

By Axel H. Börsch-Supan, Courtney Coile, Jonathan Cribb, Carl Emmerson, Yuri Pettinicchi We examine non-standard work and its impact on pension coverage via a case study of the US, the UK, and Germany. We find that the share of workers engaged in non-standard work has changed only modestly over time in these three countries, despite the popular perception that a more significant transformation in the nature of work may be underway. We discuss how non-standard work may affect public...

October 23, 2020

Articles, System Sustainability2020, Coverage, Germany, Income, Public Pensions, UK, US

20OctOctober 20, 2020

Govt seeks to overturn Pension Schemes Bill amendment defeats

The government is seeking to overturn the four Pension Schemes Bill amendment votes it lost in the House of Lords in the summer by removing them from the bill. In a House of Commons Notices of Amendments publication, Pensions Minster, Guy Opperman, outlined the removal of the House of Lords’ amendments. The amendments relate to commercial pensions dashboards, transaction facilities on dashboards, reporting on fairness to members of collective defined contribution (CDC) schemes, and open defined benefit (DB) schemes...

October 20, 2020

News, Regulation, System Sustainability2020, Digital Financial Services, Private Pensions, Public Pensions, Technology, UK

20OctOctober 20, 2020

Pensions In Spain Will Be Revalued By 0.9% In 2021

The Government is forecasting a 0.9% revaluation in public pensions in 2021, following the increase already applied this year. This would allow for ensuring pensioners’ purchasing power, as it is included in the 2021 Budget Plan which the Executive sent last Thursday to Brussels. The increase corresponds to the government’s forecast for the GDP deflator, the index closest to the CPI, for next year, which predicts a rise of 0.9%. However, the government must now negotiate this rise with...

October 20, 2020

News, Slider2020, Public Pensions, Spain

19OctOctober 19, 2020

Kenya.Pension Bill for Members of Council Assembly gets governors’ backing

Governors will support MCAs in their push for a law that will give them pension after service. Read also Kenya mulls reforms to attract pension funds to invest in infrastructure projects The new legislation that is developed by the Council of Governors on the welfare of governors and deputy governors will also cover county assembly speakers and MCAs. Read also US. Pension Fund Freezes New Investment With Apollo Over Founder’s Epstein Ties Council of Governors chairman Wycliffe Oparanya said the proposed...

October 19, 2020

News, Slider2020, Kenya, Public Pensions, State Pensions

November 2020

October 2020