news

Malaysia expands social protection coverage to foreign workers

Submitted by pmassetti on
ilo.org (02.10.2024) Invalidity and survivors’ benefits have recently been extended to migrant workers in Malaysia effective 1 July 2024. The ILO’s Simon Brimblecombe explains why this is an important step forward that will benefit workers, employers, and Malaysia alike.
Regions / Country
malaysia
Topics
Migration
Document Type

A home care benefit for Medicare

Submitted by pmassetti on
brookings.edu (20.09.2024) Almost one in five Americans over age 65 are unable to manage basic activities of daily life—bathing, dressing, eating, toileting—without assistance. Among those over age 85, the proportion is closer to half. Friends and family members can and do help out, but even so, about half of people reaching the age of 65-years of age will use paid long-term services and supports (LTSS) at some point. Most Americans do not have enough income or savings to cover these costs.
Regions / Country
United States
Global challenges
Topics
Long-term care
Document Type

China's retirement age reforms not enough to fix pension headache

Submitted by pmassetti on
reuters (24.09.2024) China's move to raise retirement ages is a starting point to plug gaping pension deficits and bolster a shrinking workforce but more pain lies ahead as the economy slows, making further reforms urgent, say economists and demographers. Aging populations are a global phenomenon, but the issue is particularly stark in China due to the legacy of its one-child-policy, which was in place for three decades and has exacerbated its demographic challenges.
Regions / Country
china
Global challenges
Topics
Pensions
Document Type

Dutch pension funds to report CO2 reduction progress

Submitted by pmassetti on
ipe.com 817.09.2024) Pension funds should report annually about the progress they make in meeting their CO2 reduction targets. They must also provide more insight into their sustainable investments, Dutch pension regulator DNB announced on its website.
Regions / Country
netherlands
Topics
Pensions
Document Type

India is formalising measures to protect the rights of gig and platform workers

Submitted by pmassetti on
ullekhnp.com (20.09.2024) The latest announcement from the Union labour ministry is that it has asked technology-based platforms and aggregators to get all gig workers engaged by them to register on the e-Shram portal, a centralised database of informal workers, where they can avail of health insurance and other facilities, including unemploy­ment benefits, maternity benefits, and accident injury coverage through the Employees’ State Insurance Corporation (ESIC). As of now, gig workers are eligible only for minimum social-security benefits.
Regions / Country
india
Topics
Platform workers
Document Type

China to gradually raise retirement age

Submitted by pmassetti on
Xinhua (13.09.2024) Chinese lawmakers on Friday voted to adopt a decision on gradually raising the statutory retirement age in the country, marking the first adjustment in the arrangement since 1950s. According to the decision adopted at the 11th session of the Standing Committee of the 14th National People's Congress, the statutory retirement age for men will be gradually raised from 60 to 63 in the course of 15 years starting 2025, while that for women cadres and women blue-collar workers will be raised from 55 to 58 and from 50 to 55, respectively.
Regions / Country
china
Topics
Pensions
Document Type