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South Africa - Two Pot Retirement System

Submitted by pmassetti on
(10.06.2024) The two-pot retirement system is a reform that will allow retirement fund members to make partial withdrawals from their retirement funds before retirement, while preserving a portion...
Regions / Country
south africa
Topics
Pensions
Document Type

Switzerland: Social security changes come into force, with implications for pension plans - WTW

Submitted by pmassetti on
Switzerland’s AHV/AVS 21 law, which was approved by parliament and then passed by public referendum in 2022, took effect January 1, 2024. Among other things, the law will increase the age for normal retirement (now called the “reference age”) for women under the social security AHV/AVS[1] retirement program as well as for pension plans that provide the mandatory BVG/LPP[2] retirement benefits.

Lebanon adopts landmark social security reforms and a new pension system for private sector workers

Submitted by pmassetti on

ILO News (15.12.2023) The Parliament of Lebanon has passed a law that establishes a comprehensive pension system for private sector workers and fundamentally reshapes the governance of the National Social Security Fund (NSSF). Previous attempts spanning three decades to replace Lebanon’s end-of-service indemnity system with a modern pension scheme had been met with failure. Until this recent milestone, Lebanon stood as one of only two countries in the Arab region without a scheme that protects insured workers with long-term periodical benefits for retirement, death and disability.

Regions / Country
lebanon
Topics
Pensions

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Bangladesh: PM Hasina opens universal pension scheme

Submitted by pmassetti on

dhakatribune.com (17.08.2023) Prime Minister Sheikh Hasina on Thursday inaugurated the much-talked-about Universal Pension Scheme to bring all the people of the country aged above 18 under the scheme. She initially opened the pension scheme — Pragati, Surokkha, Samata and Prabashi — joining the inaugural program virtually from her official Ganabhaban residence in the morning. After launching the scheme, the premier said: "We opened the Universal Pension Scheme in the Month of Mourning.

Regions / Country
bangladesh
Global challenges
Topics
Pensions
Document Type

Denmark: Family leave reform

Submitted by pmassetti on

wtwco.com  (24.01.2022) A large majority of the political parties in parliament have agreed on a new model to equalize family leave benefit entitlements between both parents, adopting almost in its entirety a proposal from the two main social partners. The bill required to amend current family leave legislation was submitted to parliament on December 22, 2021.

Regions / Country
denmark
Topics
Family benefits

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Jamaica: Informal Sector Workers to Get NIS Benefits

Submitted by pmassetti on

Jamaica Information Service (06.12.2021) For the first time, Jamaica’s household helpers and fisherfolk will be able to secure pension benefits under the National Insurance Scheme (NIS) as the Government moves to formalise these sectors. This will be facilitated under the Transition to Formality Action Plan, which will see this segment of workers being able to access health and life insurance, pension and other facilities to provide them with security and protection in their work environment. The Action Plan, which was officially launched by Minister of Labour and Social Security, Hon.

Regions / Country
jamaica
Topics
Pensions
Extension of coverage
Document Type

COVID-19 and the impact of cash transfers on health care use in Togo

Submitted by pmassetti on

bmchealthservres.biomedcentral.com (27.08.2021) Cash transfer program during pandemics provide a social protection mechanism to improve the health of the most vulnerable households. This article analysis the impact of cash transfers on household demand for health care during Covid-19.

Regions / Country
togo
Topics
Health
Cash transfers
Document Type