Pension Fund Yields Rise in Costa Rica
A slight increase in the value of pension funds was observed in the months of December and January.
Monday, February 9, 2009
In his article for NACION.com, Patrician Leitón writes, "For example, the historical real values of the obligatory complementary public pension system, “ROP,” grew from 3.55% in November to 3.61% in December and to 3.71% in January. December and January are the first months since February 2007 in which the real monthly value was a little higher than that of the previous month.”
Inflation negatively affects the profitability of the private pension savings system of El Salvador.
Workers savings in El Salvador are being invested in government securities with low returns.
The Salvadoran Association of Pension Funds has asked for changes in legislation to be made firm in order to increase the profitability of the savings of workers.
Up until June this year, statutory and complementary pensions amounted to $3.71 billion, surpassing basic pension regimes which had $3.61 billion.
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