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.

pensionpolicyinternational.com (14.10.2023) MALAYSIA is undergoing a significant demographic shift towards an ageing population.  The World Bank has projected that with 14% of the population aged 65 and above by 2044, it will officially be an “aged society”.

iamexpat.de (18.10.2023) For an increasing number of retirees, Germany’s state pension payments are not sufficient to keep up with the rising cost of living. While the Left Party are calling for a 1.200-euro per month pension, the VdK argue that insecure working conditions lie at the heart of the problem.

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.

wtwco.com (30.06.2023) Facing an aging population, low birth rate and increased life expectancies, Uruguay’s government acts to shore up its social security retirement system through sweeping reforms.

pensionpolicyinternational.com (19.06.2023) A growing number of pension savers would like to see the oil sector completely excluded from their pension fund’s investments. Some 21 per cent of pension savers say they want oil to be axed from their pension, according to a survey from online pension provider PensionBee. This has jumped from 15 per cent of pension savers last year. Alongside oil, the main investments people want excluded from their pensions are companies contributing to deforestation, habitat destruction and predatory lending.