The New European (10.11.2022) A guide to how pensions are funded across the continent
Windsor Star (02.11.2022) Chile’s President Gabriel Boric on Wednesday announced his long-awaited plan to reform the country’s controversial private pension system. In a televised address, Boric said he was planning to end Chile’s Pension Fund Administrators (AFP) system in lieu of a new private-public social security system that would see new contributions from employers and the state. “The AFPs, in this reform, are finished,” Boric said, adding that new private entities would still be allowed to invest pension funds, but there will also be a public alternative.
aseanbriefing.com (21.10.2022) Singapore has recently announced a new healthcare reform plan that will shift the country’s healthcare strategy towards preventive care. The program is called Healthier SG and aims to provide a family physician and one health plan for every resident. The hope is that family doctors will develop strong relationships with their patients and play a more prominent role in preventive healthcare. The change in strategy comes because Singapore is fast becoming an aging society, with one in four residents aged 65 and above by 2030.
worldbank.org (03.10.2022) The COVID-19 crisis highlighted how digital public infrastructure (DPI) can play a critical role for governments to deliver social assistance quickly and safely. DPI not only allowed governments to reach an unprecedented number of new beneficiaries, it also allowed them to make payments to them remotely. This brought millions of people into the social protection and financial system for the first time.
vidhilegalpolicy.in (22.09.2022) Many governments now use digital technology for means testing. For instance, the US uses an Income Eligibility Verification System that links several databases to verify beneficiary income. It also uses a Prisoner Verification System linked to prisoners’ databases to exclude prisoners from benefits.
Pension Policy International (30.09.2022) Some of Europe’s biggest pension funds are not actively engaged in emerging EU-level sustainable finance policy, according to climate think tank InfluenceMap. As reported by European Pensions, the research, which covered 25 of Europe’s largest pension funds and 10 national pension fund associations, found that only four of the 25 funds and five of the 10 associations showed ‘meaningful engagement’ with sustainable finance policy.
SaltWire (20.09.2022) Ireland will offer anyone over 66 a higher state pension the longer they stay in work, sidestepping a recommendation by a government-appointed commission to gradually increase the retirement age to 68 to help fund the ageing population. Under the proposed flexible model agreed by ministers on Tuesday, people will have the option from 2024 to continue working up until the age of 70 in return for a higher pension for each additional year they work.
pensionpolicyinternational.com (19.09.2022) The share of Japan’s older adult population, those over age 65, has been increasing every year since 1950 and is expected to reach 35.3% of the total population in 2040. For the first time, Japan’s over 75s account for over 15% of the population, after their cohort rose by 720,000 to 19.37 million people, government data released Sunday showed, in further evidence of the country’s rapidly graying society.
ilo.org (32.08.2022) A new study by the International Labour Organization finds that, with the right tools, data from online jobs platforms can provide important information about current and future demand and supply of skills in the labour market
AP News (06.09.2022) The Spanish government on Tuesday passed a law giving hundreds of thousands of domestic cleaners and carers the right to unemployment benefits and other job protection measures for the first time. Labor Minister Yolanda Díaz said the law would benefit more than 370,000 people, 95% of whom are women. She said the bill was intended to end discrimination against workers whose jobs have been undervalued for too long.
