reference website

Kosovo: Access to up to 10% of the mandatory individual account to weather COVID-19

Submitted by mmarquez on

Social Security Admninistation (31.01.2021) As part of its efforts to provide relief to individuals and businesses affected by the COVID-19 pandemic, Kosovo enacted a law on December 7 that allows participants of the country's mandatory individual account pension program to withdraw up to 10 percent of their account balances. According to the law outlining the package, withdrawals from all individuals with savings under 9,999 euros will be reimbursed by the Government from 2023 onwards.

Regions / Country
kosovo
Global challenges
Topics
Old-age pensions

Tags

Document Type

Denmark: Approval of Early Pension

Submitted by mmarquez on

Social Security Admnistration (31.01.2020) On December 21, Denmark's parliament approved a law that will allow citizens and certain other individuals with at least 42 years of employment by age 61 to receive a new means-tested early pension (tidlig pension) up to 3 years before the normal retirement age of 67.

Regions / Country
denmark
Topics
Old-age pensions
Document Type

India: Approval of Social Security Code

Submitted by mmarquez on

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

Norway: Tax developments in response to COVID-19 -

Submitted by mmarquez on

KPMG Global (01.05.2020) To reduce costs and improve cash flow immediately, social security contribution rate will be reduced with 4 percent of the total contribution rate of 14.1% assumable for the salary payments in May and June.  Some areas in Norway pay 0%. These areas will receive a subsidy equal to 4 % of the employer social security contribution base. 

Regions / Country
norway
Global challenges
Topics
Contribution collection and compliance
Document Type