Reuters (20.08.2024) China will beef up its 2.88 trillion yuan ($406 billion) social security fund, making it bigger and stronger to help support its rapidly ageing population as the number of new births and younger workforce to support its seniors shrinks. The National Social Security Fund will "effectively" respond to population ageing and "improve the policy mechanism for the development of the elderly care industry," the fund's party secretary Ding Xuedong said.

cnbc.com (18.08.2024) The implementation of the scheme marks a notable policy shift in the city-state, which has long resisted calls for unemployment support. The scheme is aimed at helping lower- and middle-income workers, and will provide involuntarily unemployed workers a total of up to 6,000 Singapore dollars ($4,561) for six months, subject to conditions.

The Freeman (06.08.2024) Angkas, a prominent ride-hailing service in the Philippines, has taken a significant step towards enhancing the welfare of its riders by signing an agreement with the Social Security System (SSS) to provide social security coverage to around 50,000 riders. This initiative, championed by Angkas, marks a monumental shift in how gig economy workers are perceived and treated within the formal economic structure. We extend our heartfelt thanks to Rolando Macasaet, president and CEO of SSS, for his unwavering support and vision in making this partnership a reality.

oecd.org (14.08.2024)Promoting health and well-being at the workplace is a valuable investment for employees, employers, governments, and society. Healthy employees are less likely to be absent or have reduced productivity. Employers benefit from improved work outputs, and health systems see reduced treatment costs. Digital tools and innovative technologies can enhance the effectiveness of health promotion programs. The market for these tools is growing globally, with employers keen to improve health and productivity.

NBER (August 2024) Germany, like many other countries, has undergone a series of pension reforms since the 1980s which generally decreased benefit generosity and increased the retirement age due to demographic pressures. This paper investigates whether these reforms have increased income and wealth inequality among retirees.

International Labour Organization (17.07.2024) Oman has launched the implementation of new social insurance maternity benefits that are set to significantly improve labour market opportunities for women in the Sultanate. The new scheme is part of ambitious and wide-ranging social protection reforms in Oman, developed with the support of the ILO and adopted in July 2023. It improves and expands maternity benefits for mothers employed in full-time jobs and includes a provision for paternity leave. The system is in line with key requirements of ILO Maternity Protection Convention, 2000 (No.

Asian Development Bank (02.04.2024) Developing Asia and the Pacific is unprepared to secure the well-being of its rapidly aging population as the growing share of older people in the region face challenges from low pension coverage to health problems, social isolation, and limited access to essential services. While longer lifespans reflect the region’s development success, comprehensive policy reforms are urgently needed to support the welfare of older people, according to Aging Well in Asia: Asian Development Policy Report, released today by the Asian Development Bank (ADB) at its 57th Annu

OECD iLibrary (12.07.2024) What factors influence satisfaction with social protection? This report investigates differences in perceptions of social protection across countries, with a focus on France, using novel data from the OECD’s Risks that Matter Survey. Compared to respondents in Germany and the United Kingdom, French respondents are systematically the least satisfied with social protection in their country, even as France performs well on many social programme outcome indicators.

The HR Observer (24.01.2023) The Omani’s National Employment Programme launched a self-employment platform collaboration with AWJ Innovation and Occidental Oman to encourage the self employed individuals to connect with potential employers. “Self employment is one of the initiatives launched by the National Employment programme in partnership with the concerned authorities with the aim of providing integrated and interrelated facilities for self employed individuals in the Sultante of Oman,” said Azhar al Kindi, Executive Director of the National Employment Programme.

politico.eu (25.07.2024) The European Commission said Thursday it is taking legal action against Germany and Italy, accusing both countries of discriminating against EU migrants regarding social security. In 2018 and 2022, respectively, the German state of Bavaria and Italy passed laws reducing the amount of family benefits paid to mobile workers — a term referring to EU nationals working in a country where they are not citizens. As a result, the Commission referred Italy and Germany to the European Court of Justice (ECJ), calling the schemes “discrimination.”