Post by account_disabled on Mar 5, 2024 2:37:55 GMT -5
Millennials seem to be the kings: they represent almost half of global consumption and, according to a Manpower study, this generation is equivalent to 35% of the total workforce in the world. This gives some advantages, the latest KPMG global CEO survey, titled in 2016 Now or never, shows that 86% of CEOs in companies are concerned about how differences in the goals and needs of millennials can change the course of the company they lead. The concern now is to find the best talent and make them happy so that the companies give the best results. Young and powerful, but also with a difficult future on their backs, at least in Mexico. The study Principles for a comprehensive reform of the pension system in Mexico, prepared by the Foundation for Financial Studies states that international recommendations to have a sustainable pension system point to raising the minimum retirement age from 65 to 73. The retirement age should be the same for all pension systems in Mexico since life expectancy does not depend on the employer.
That is, a structural solution is proposed that is identical for all schemes, whether private, public or the universal pension for the informal sector. An average length of time must be set for the person to live in the retirement stage, which we propose is 15 years. The retirement age must be set in such a way that it changes over time to recognize the above,” the document states. In the first phase, it is proposed that the retirement age Chile Mobile Number List rise from 65 to 69 years, while by 2050 it should increase to around 73 years. The situation is cause for concern, according to data from the Mexican ***ociation of Insurance Institutions (AMIS), in Mexico only 17% of older adults receive a pension and by 2050, 23.3% of women and 19.5% of men will have more than 60 years. “The current situation of adults of productive age is worrying. When they reach the age of 65, many of these Mexicans will be financially dependent on third parties, that is, their children, relatives, nursing homes or social ***istance, because they do not have formal retirement plans and, therefore, will not have the resources economic to be able to be independent in their basic needs,” says Carlos Gay, director of Life and Pensions at AMIS.
The amount of the pension that a worker who contributes to a social security schemewill receive at the time of retirement will depend on various factors such as: retirement age, years of contributions, salary growth, permanence in the formal labor market, the returns generated by the accumulated balance and, above all, the voluntary contributions. “There is a problem of omission in the definition of the public agenda by not considering pensions because the impacts are not seen today. If these works are not started, the cost for public finances could be very high,” warns . To have a more manageable system, the Foundation recommends a series of 10 points. 1) That ALL federal and state pension systems that have not been reformed be identified to create a plan in which they migrate from defined benefit schemes to defined contribution and are modified under common parameters. 2) That a target date be defined to conclude the migration of all systems at the federal and state level. 3) That ALL pension schemes in Mexico have the same retirement age and conditions. 4) That the age be modified to between 68 and 69 years and that this increase as the conditional life expectancy increases upon reaching retirement so that it remains constant at 15 years.
That is, a structural solution is proposed that is identical for all schemes, whether private, public or the universal pension for the informal sector. An average length of time must be set for the person to live in the retirement stage, which we propose is 15 years. The retirement age must be set in such a way that it changes over time to recognize the above,” the document states. In the first phase, it is proposed that the retirement age Chile Mobile Number List rise from 65 to 69 years, while by 2050 it should increase to around 73 years. The situation is cause for concern, according to data from the Mexican ***ociation of Insurance Institutions (AMIS), in Mexico only 17% of older adults receive a pension and by 2050, 23.3% of women and 19.5% of men will have more than 60 years. “The current situation of adults of productive age is worrying. When they reach the age of 65, many of these Mexicans will be financially dependent on third parties, that is, their children, relatives, nursing homes or social ***istance, because they do not have formal retirement plans and, therefore, will not have the resources economic to be able to be independent in their basic needs,” says Carlos Gay, director of Life and Pensions at AMIS.
The amount of the pension that a worker who contributes to a social security schemewill receive at the time of retirement will depend on various factors such as: retirement age, years of contributions, salary growth, permanence in the formal labor market, the returns generated by the accumulated balance and, above all, the voluntary contributions. “There is a problem of omission in the definition of the public agenda by not considering pensions because the impacts are not seen today. If these works are not started, the cost for public finances could be very high,” warns . To have a more manageable system, the Foundation recommends a series of 10 points. 1) That ALL federal and state pension systems that have not been reformed be identified to create a plan in which they migrate from defined benefit schemes to defined contribution and are modified under common parameters. 2) That a target date be defined to conclude the migration of all systems at the federal and state level. 3) That ALL pension schemes in Mexico have the same retirement age and conditions. 4) That the age be modified to between 68 and 69 years and that this increase as the conditional life expectancy increases upon reaching retirement so that it remains constant at 15 years.