Old-age pensions
Cameroun: Augmentation de 20% du niveau des anciennes pensions
cnps.com (30.04.2020) La CNPS a décidé l’augmentation de 20% du niveau des anciennes pensions n’ayant pas bénéficié de la revalorisation automatique survenue du fait de la réforme de 2016. Cet ajustement a été accéléré compte tenu de la détresse économique actuelle due au Covid-19.
Croatia: Co-financing of pension insurance for seasonal workers
koronavirus.hr (17.03.2020) For employers in the hospitality and tourism industry there will be financial assistance for up to six months, and co-financing the cost of the extended pension insurance. The proposal is to extend the entitlements for a period longer than 6 months, and financial assistance may not be lower than the minimum wage, minus the compulsory insurance contributions (for 2020, it amounts to HRK 1,625.00). The cost of the extended pension insurance that the Institute can co-finance is HRK 664.39.
Saint Vincent and the Grenadines: Advanced pension payment
nissvg.org (03.04.2020) Advanced Pension Payment covering 8 weeks of payments. Implementation is on April 3rd, 2020 for the 4-week period March 30th, 2020 to April 25th, 2020. This will be followed by a payment on April 30th, 2020, which will cover the 4-week period from April 27th, 2020 to May 23rd, 2020. Regular fortnightly payment will resume on June 5th, 2020.
Malaysia: Introduction of i-Lestari Withdrawal
kwsp.gov.my (23.03.2020) Employees Provident Fund (EPF) says that EPF members may apply for the i-Lestari Account 2 Withdrawal Scheme beginning 1 April 2020. They can expect their savings to be deposited into their bank accounts from 1 May 2020.
Barbados: Anticipation of pension payments
nis.gov.bb (11.03.2020) NIS pensioners can have their pensions deposited to their bank and credit union accounts. Your pension can be issued for a four-week period instead of the two-week intervals to which you are accustomed.
Bahamas: Early pension payments
nib-bahamas.com (02.04.2020) The National Insurance Board is anticipating the old-age pension payments.
British Virgin Islands: Early payment of pensions and alternative payment channels
vissb.vg (26.03.2020) The Social Security Board (SBB) anticipated payments of old-age pensions. In addition, alternative payment channels have been activated, such as payment to credit cards and wire transfers.
Zimbabwe: NSSA contributes towards fight against COVID-19
nssa.org.zw (31.03.2020) The National Social Security Authority contributes to national efforts related to the coronavirus crisis by providing facilities and contribution to health equipment. In addition, a one-off discretionary transfer amounting to one monthly pension is paid to old-age pensioners in April. The NSSA encourages pensioners to use mobile money and bank cards to access these funds and not to visit banks.
India: Government Allows Provident Fund Withdrawals As Emergency Measure
bloombergquint.com (26.03.2020) The Indian government will make amendments to the Employees’ Provident Funds & Miscellaneous Provisions Act to allow members to withdraw up to 75 percent of their balance in the fund or three months’ wages, whichever is lower, as an emergency measure to tide over any difficulties arising from the coronavirus pandemic.