Kenya: Parliament halts COVID-19 related tax relief

Submitted by cambrosio on

Reuters.com (22.12.2020)

Kenya’s parliament on Tuesday voted to end tax cuts put in place in April to cushion the economy from the impact of the COVID-19 pandemic, a move lawmakers said would help to plug revenue shortfalls but investors said would hamper a recovery. The tax cuts were introduced weeks after Kenya reported its first case of the coronavirus and aimed to shield East Africa’s richest economy.

Regions / Country
kenya
Global challenges
Topics
Contribution collection and compliance
COVID-19
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US: Fraud overwhelms pandemic-related unemployment programs

Submitted by pmassetti on

apnews.com (01.03.2021) With the floodgates set to open on another round of unemployment aid, states are being hammered with a new wave of fraud as they scramble to update security systems and block scammers who already have siphoned billions of dollars from pandemic-related jobless programs.

Regions / Country
United States
Topics
Error, evasion and fraud

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The Philippines to Suspend Social Security and Healthcare Premium Hikes for 2021

Submitted by pmassetti on

aseanbriefing.com (18.02.2021) The House of Representatives in the Philippines have passed House Bill No. 8461 (HB 8461) which seeks to authorize the President to suspend the premium contribution hike to the Philippine Health Insurance Corporation (PhilHealth), in addition to House Bill No. 8512 (HB 8512), which provides the President the power to defer the scheduled hike in contributions to the Social Security System (SSS). Both PhilHealth and the SSS were mandated by existing laws to increase their premium rates in 2021.

Regions / Country
philippines, the
Topics
Health
Contribution collection and compliance

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Laos: Income support to help 17,000 garment workers hit by COVID-19

Submitted by cambrosio on

ilo.org (23.02.2021)

Up to 17,000 garment workers in Lao PDR affected by the COVID-19 pandemic are to each receive two months’ emergency income support worth 900,000 LAK (approximately US$100). Eligible beneficiaries, of whom 85 per cent are women, will receive the cash transfers by the end of March.

Regions / Country
laos
Global challenges
Topics
Unemployment
Cash transfers
Shocks & extreme events
COVID-19
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Médiateur numérique, en première ligne contre l’illectronisme - WE DEMAIN

Submitted by pmassetti on

C’est une profession émergente, devenue essentielle à l’heure du confinement : les médiateurs numériques aident à comprendre les outils et les usages digitaux à tous ceux qui ne les maîtrisent pas. Personnes âgées, précaires, mais aussi jeunes, près de 20 % de la population est concernée.

Regions / Country
france
Global challenges
Document Type

Bolivia: One-time "Bond against Hunger"

Submitted by mmarquez on

Minesterioa de Economía y Finanzas (03.02.2021) As of February 1, 2021, the payment of the Bond Against Hunger reached more than 3.8 million Bolivians, covering 93% of the total universe of beneficiaries, with an outlay of Bs3,877 million, reported the Vice Minister of Pensions and Financial Services, Ivette Espinoza.

Regions / Country
bolivia
Global challenges
Topics
Cash transfers
Food and nutrition

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Canada: Québec (Canada) Introduces Occupational Pension Plan

Submitted by mmarquez on

Social Security Agency (25.02.2021) On December 11, Québec's government approved a law introducing the Target Benefit Pension Plan (TBPP), an occupational pension plan that combines certain features of existing defined contribution (DC) and defined benefit (DB) plans. Like a DC plan, a TBPP is funded with employee and employer contributions paid at fixed rates and does not provide guaranteed benefits. However, by pooling its members' assets and setting a target benefit level, a TBPP can provide workers with a predictable periodic pension at retirement like a DB plan.

Regions / Country
canada
Topics
Old-age pensions
Pensions

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

Submitted by mmarquez on

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