bbc.com (08.04.2024) People are living longer, and daily life is getting more expensive. It may be time to rethink the timeline for leaving the workforce. Handing in your proverbial badge as a sexagenarian has been the goal for many workers around the world: turning 65 would open a golden portal to retirement. Yet increasingly, the idea of stepping away from the workforce in your 60s doesn't seem realistic – or even sensible – for many people, especially now. Some major financial figureheads agree.

SundayWorld.com (05.04.2024) Up to 800,000 workers will be automatically enrolled into a pension scheme for the first time under new legislation published today. Workers who have no occupational or private pension and would have otherwise been solely reliant on the State Pension upon retirement will have access to the scheme under the bill. Employees aged between 23 and 60 years old, who earn over €20,000 per year and who are not already paying into a pension scheme, would automatically be enrolled.

theportugalnews.com (30.03.2024) Heather Humphreys, the minister for social protection, has outlined her plan to implement the much-anticipated pension auto-enrolment programme for workers. Under the plan, businesses would match employee contributions with an additional €3, meaning that the State will contribute €1 for every €3 an employee contributes to their pension account. Workers between the ages of 23 and 60 who are not currently registered in a pension plan will be enrolled automatically.

finance.yahoo.com (12.03.2024) Governments across Asia—in Singapore and Beijing, Tokyo and Seoul—are facing a crisis: plummeting birth rates. For several decades now, people in East Asian economies have had fewer and fewer children. Last year, South Korea beat its own record for having the world’s lowest birth rate, reporting 0.72 births per woman for 2023, down from 0.78 in 2022. Singapore reported 0.97 births per woman, the first time the rate has fallen below one. Japan has one of the world’s oldest populations, with a median age of 49.5.

la-croix.com (03.03.2024) La Suisse, dont la population vieillissante est confrontée à un coût de la vie en hausse, a voté dimanche en faveur d'un 13ème mois de retraite, un pas "historique" selon ses défenseurs, mais a rejeté le relèvement de l'âge du départ.

bnnbreaking.com (26.02.2024) The World Bank recommends mandatory retirement savings for digital platform workers in Malaysia to safeguard informal workers in the gig economy. Explore the challenges faced by informal workers and the government's response to ensure economic security.

Vietnam is amending its pension laws in an attempt to deter people from abandoning the fund before retirement. Yet in some quarters, the pending change is having the opposite effect. Many workers critical to the world’s electronics and clothing supply chains were already taking early payouts to deal with hardships, such as those brought on by the pandemic. Now, more of them are getting jittery after hearing the upcoming law could cut payouts in half, and the communist country is weighing ways to keep workers in the system, from TikTok campaigns to legal incentives.

theconversation.com (21.01.2024) Young people – under the age of 15 – currently make up 29% of South Africa’s population. But this will soon change: the aged portion of the population is forecast to rise from 2030, bringing many challenges. Lauren Johnston, an economics and political economy expert, recently published a paper on the subject. We asked her to put the developments into perspective.

thenationalnews.com (14.12.2023) Millions of people globally will have no choice but to work into their seventies to ease increasing pressure on pension systems as life expectancy rates continue to rise, the Organisation for Economic Co-operation and Development has said. OECD countries are moving to increase statutory retirement ages, curb early retirement and offer employees incentives to work longer to boost the sustainability of their pension systems, the Paris-based organisation said in its Pensions at a Glance 2023 report.

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.