Old-age pensions
India: Approval of Social Security Code
US Social Security Administration (November 30th) On September 28, India's president approved a law (the Code on Social Security, 2020) that consolidates and amends nine existing social security laws. Among the law's changes are an extension of benefit eligibility to fixed-term workers under the employer-liability gratuity scheme, a broadening of the definition of wages for contribution calculation purposes, and new protections for informal-sector workers.
Uruguay: Exemption from employer contributions for school transport companies and those who provide school canteen services
BPS (20.11.2020) Transportation companies and school canteens are exempted from paying employer retirement contributions in the period between April 1, 2020 and March 31, 2021. There are already 293 companies that have this benefit.
Romania: Parliament expands the list of people who can retire 2 years earlier
Legestart (10.11.2020) The Chamber of Deputies has adopted a legislative proposal that provides for the extension of the categories of persons benefiting from the reduction by 2 years of the standard retirement age because they lived at least 30 years in areas with residual pollution, being introduced another 27 localities, including Bacău , Oneşti, Năvodari, Baraolt, Târgovişte and Titu. The legislative proposal has as object of regulation the modification of paragraph 5 of article 65 of Law no.
CISF Launches Mobile App For Its Pensioners
Slow but steady economic recovery: Over 150,000 companies resume contributions to EPFO
India: Reduced EPF contribution for 3 months
conomictimes.indiatimes.com (15.06.2020) The Employees' Provident Fund Organisation (EPFO) will reduce its EPF contribution rate from 12 per cent to 10 per cent for both employers and employees for the months of months May 2020, June 2020 and July 2020. It is applicable to all class of establishments covered under the EPF & MP Act, 1952 except the establishments like Central and State Public sector enterprises or any other establishments owned or controlled of the Central govt or State govt.The reduced rate is also not applicable to establishments eligible for PMGKY
Social protection for older people during COVID-19 and beyond
socialprotection.org (September 2020) This document provides information and guidance on social protection and older people, with a focus on pensions to cushion the economic impacts of COVID-19. It is intended as an advisory for people involved in planning and delivering social protection support for older people across a range of contexts. The document briefly describes the specific impact of COVID-19 on older people’s health and wellbeing, as well as the socio-economic impacts.
Brazil: Proof of Life for retired civil servants, pensioners and amnesties is suspended until October 31
Ministry of Economy (28.09.2020) The requirement of the annual Proof of Life (re-registration) of retired civil servants, pensioners and civil political amnesties referred to in Ordinance No. 244 and Normative Instruction No. 45, both of June 15, 2020, is suspended until October 31, 2020.