In 2023, the assets of pension systems in the 22 largest pension markets increased to $55.7 trillion, representing a 10.96% increase from $50.2 trillion at the end of 2022, according to WTW’s Thinking Ahead Institute’s2024 global pension assets study. The study included Australia, Brazil, C...
Despite economic uncertainty, pension funds saw relatively strong growth in 2021. The world’s 100 biggest pension funds are worth over$17 trillionin total, an increase of 8.5% over the previous year. This graphic uses data from theThinking Ahead Instituteto rank the world’s biggest pension fu...
The maximum guarantee limits— the amount the PBGC will pay participants in the event a pension fails—will increase by 5.3% for single-employer plans for plans that fail in 2024, it was announced Tuesday. The exact maximums vary based on participants’ age and choice of annuity. The PBGC ...
Moderating the assets test on the means-tested age pension to increase the net replacement rate for average income earners Introducing a requirement that part of the retirement benefit be taken as an income stream in most circumstances Introducing a governmen...
The Dutch government wishes to reinvigorate the pension system since, among other reasons, low interest rates and the aging Dutch population are putting pressure on the system, resulting in higher costs and a reduction in pension benefits. The increase in self-employmen...
The employer gives control of the pension fund to a trustee, who may invest the money in stocks and bonds and other financial endeavors to increase the fund. Some pension plans require the employee to make a small, periodic contribution to the fund. The amount of pension that a pensioner ...
Inflation is an important factor to consider when evaluating pension performance. Inflation refers to the general increase in prices of goods and services over time. It erodes the purchasing power of money, which can have a significant impact on the value of pension income. Here’s what you nee...
Feb 02, 2023 -3 min read The returns from investments determine the interest that pension funds pay savers on their contributions each year, after factoring in administrative and other fund management expenses. Read:Pension fund returns increase to 6.4 percent ...
With an increase in reserves and pension fund, the state is planning to reduce taxes and boost the funding for local government programs. An analysis of the state's budget stabilization fund is made by Moody's Investors Service analyst Nicole Johnson. State assistant secretary for capital finance...
Wilshire estimates a 3.3% increase in the aggregate funded ratio for U.S. state pension plans in the first quarter of 2024. Santa Monica, Calif., April 12, 2024– The aggregate funded ratio for U.S. state pension plans increased by an estimated 3.3 percentage points during the first qu...