managing reforms

Ireland: Up to 800,000 workers to be automatically enrolled in pension scheme under new plans

Submitted by pmassetti on Fri, 04/05/2024 - 12:05

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.

Regions / Country
côte d'ivoire
Topics
Pensions
Document Type

Portugal: Automatic Pension Scheme to be Approved

Submitted by pmassetti on Tue, 04/02/2024 - 16:02

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.

Regions / Country
portugal
Topics
Pensions
Document Type

Les Suisses votent pour un 13ème mois de pension

Submitted by pmassetti on Mon, 03/04/2024 - 11:16

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.

Regions / Country
switzerland
Topics
Pensions
Document Type

Vietnam's workers cash out pensions early ahead of new law

Submitted by pmassetti on Fri, 02/16/2024 - 15:51

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.

Regions / Country
vietnam
Topics
Pensions

Jamaica: Informal Sector Workers to Get NIS Benefits

Submitted by pmassetti on Tue, 12/07/2021 - 17:38

Jamaica Information Service (06.12.2021) For the first time, Jamaica’s household helpers and fisherfolk will be able to secure pension benefits under the National Insurance Scheme (NIS) as the Government moves to formalise these sectors. This will be facilitated under the Transition to Formality Action Plan, which will see this segment of workers being able to access health and life insurance, pension and other facilities to provide them with security and protection in their work environment. The Action Plan, which was officially launched by Minister of Labour and Social Security, Hon.

Regions / Country
jamaica
Topics
Pensions
Extension of coverage
Document Type

COVID-19 and the impact of cash transfers on health care use in Togo

Submitted by pmassetti on Thu, 09/16/2021 - 17:24

bmchealthservres.biomedcentral.com (27.08.2021) Cash transfer program during pandemics provide a social protection mechanism to improve the health of the most vulnerable households. This article analysis the impact of cash transfers on household demand for health care during Covid-19.

Regions / Country
togo
Topics
Health
Cash transfers
Document Type

Singapore: Introduction of Government Match for Provident Fund Catch-up Contributions

Submitted by mmarquez on Thu, 02/25/2021 - 10:41

Social Security Administration (25.02.2021) Singapore Introduces Government Match for Provident Fund Catch-up Contributions In January, Singapore's Central Provident Fund (CPF) Board introduced the Matched Retirement Savings Scheme, a program that provides a dollar-for-dollar government match of up to S$600 (US$450.56) per year in catch-up contributions for qualifying CPF members from 2021 to 2025.

Regions / Country
singapore
Topics
Old-age pensions
Document Type

Mexico: Reforms to the Mandatory Account Individual Account Program

Submitted by mmarquez on Thu, 02/25/2021 - 10:34

Social Security Association (25.02.2021) On January 1, Mexico's government implemented reforms to the country's mandatory individual account pension program that include increasing employer contributions, adjusting government contributions, reducing the minimum contributions required for an old-age pension, boosting the guaranteed minimum pension, and capping administrative fees. The government finalized the changes on December 16, 2020, after reaching a reform agreement with Mexico's largest private-sector employer and trade union associations in July 2020.

Regions / Country
mexico
Topics
Old-age pensions
Pensions
Document Type

India: Approval of Social Security Code

Submitted by mmarquez on Wed, 12/02/2020 - 17:52

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.

Regions / Country
india
Global challenges
Topics
Disability
Old-age pensions
Survivors
Occupational accidents and diseases
Document Type