(24.11.2020) China is planning to include new measures to encourage more births and address its rapidly aging population as part of its new 2021-2025 “five-year plan”, state media reported on Monday.
South China Morning Post (29.11.2020) China is planning policies to boost the economic contribution of its elderly citizens, including improving their use of technology In 2019, 12.6 per cent of China’s population was aged 65 or above and that group will hit 300 million by 2025, official data shows
UNDP (03.11.2020) Severe long-term effects of the COVID-19 pandemic could push an additional 207 million people into extreme poverty on top of the current pandemic trajectory, bringing the total to over 1 billion by 2030, according to findings released today by the United Nations Development Programme (UNDP).
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.
Help Age Asia (2020) As part of an Asia-Pacific regional initiative, HelpAge International and partner organisations are producing bimonthly briefs to summarise trends in the situation of older people and responses to their situation in the wake of the COVID-19 pandemic.
The government website (04.07.2020) The cabinet and social partners have reached final agreement on the details of the pension agreement. The new system will be more transparent. Workers and retirees gain a clearer insight into the accumulated assets. It also provides a realistic expectation and offers more prospects for a high-purchasing pension. The pension entitlements from the current system will be abandoned, thus eliminating the need for the use of actuarial interest and funding ratios. As a result, pensions and benefits can move faster with the state of the economy than is currently
IPE (02.07.2020) The German parliament, Bundestag, has approved the law for the introduction of the basic pension – Grundrente – from 1 January 2021. The Grundrente is paid in the form of a supplement to pensioners with at least 33 years of contributions to the statutory pension insurance based on periods of employment, child-rearing or care work.
Deutsche Rentenvrsicherung (02.07.2020) On July 2, Germany’s parliament approved a law that will introduce an income-tested basic pension (Grundrente) on January 1, 2021, to supplement the country’s social insurance old-age pension (beneficiaries should have at least 35 years of basic-pension years of contributions). This new program is intended to reduce the risk of old-age poverty among individuals who had below-average earnings in their working lives or spent considerable time outside the labor force.
Social Insurance Institution (21.06.2020) In context of the improvement in life rates in Kuwait and the decrease in death rates due to the development of health care, the Kuwaiti National Assembly approved a draft law amending some provisions of the Social Insurance Law related to the replacement system, whereby the tables of the replacement value were modified so that the insured and the pensioners could obtain higher replacement values than before.
The New York Times (22.05.2020) More than a third of America’s Covid-19 deaths can be traced back to these facilities. Experts suggest several ways to make them safer.