Old age Pensions

Monitoring COVID-19 impact on older persons

Submitted by pmassetti on Tue, 09/15/2020 - 16:15

Help Age Asia (2020) As part of an Asia-Pacific regional initiative, HelpAge International and partner organisations are producing bimonthly briefs to summarise trends in the situation of older people and responses to their situation in the wake of the COVID-19 pandemic.

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Asia
Global challenges
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Old age Pensions

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Chile: Early withdrawal of up to 10% of mandatory individual accounts

Submitted by mmarquez on Tue, 09/15/2020 - 14:51

Luego que esta tarde la Cámara de Diputadas y Diputados aprobara el proyecto de reforma constitucional que permite retirar el 10% de los fondos de pensiones de las cuentas de capitalización individual obligatoria, la Superintendencia de Pensiones (SP) emitió dos oficios con instrucciones con el procedimiento, los plazos y los resguardos que las administradoras de fondos de pensiones (AFP) deberán adoptar para garantizar la correcta aplicación de la nueva ley. Los regulados tienen hasta el próximo martes 28 de julio para entregar sus comentarios.

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chile
Global challenges
Topics
Old age Pensions
Covid-19

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Netherlands: Agreement on the details of the pension agreement

Submitted by siha on Tue, 09/08/2020 - 15:52

The government website (04.07.2020) The cabinet and social partners have reached final agreement on the details of the pension agreement. The new system will be more transparent. Workers and retirees gain a clearer insight into the accumulated assets. It also provides a realistic expectation and offers more prospects for a high-purchasing pension. The pension entitlements from the current system will be abandoned, thus eliminating the need for the use of actuarial interest and funding ratios. As a result, pensions and benefits can move faster with the state of the economy than is currently

Regions / Country
netherlands
Topics
Old age Pensions
Service quality
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Netherlands: Parliament agrees to Dutch pensions reform but questions remain

Submitted by siha on Tue, 09/08/2020 - 15:22

IPE (15.07.2020) Despite heavy opposition resistance against “breaking down the world’s best pensions system”, the Dutch parliament agreed yesterday to the switch to a new defined contribution (DC) contract which includes a lifecycle system and personal pension pots. However, many questions on implementation remain.

Regions / Country
netherlands
Global challenges
Topics
Old age Pensions
Service quality
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Fiji: Pensioners Assistance

Submitted by siha on Fri, 08/21/2020 - 12:25

National Provident Fund (30.03.2020) The Fund has decided to waive renewal certificate submissions for all Pensioners whose certificates were due in March, April, May or June and pay based on the presumption of life. This decision was implemented in light of preventative measures against COVID-19 to discourage our senior members from visiting public open or crowded places. This will be reviewed again in respect of the duration of the public restrictions that are currently in place.

Regions / Country
fiji
Topics
Old age Pensions
Service delivery
Covid-19
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Fiji: FNPF Pensioners to receive COVID-19 relief

Submitted by siha on Fri, 08/21/2020 - 11:51

National Provident Fund (26.05.2020) More than 7,000 Fiji National Provident Fund pensioners will receive a COVID-19 relief payment today,Tuesday 26 May 2020. The payment, which ranges from $300 to $900, will be disbursed directly to the Fund’s active pensioners. Chief Executive Officer Jaoji Koroi said the Fund was able to provide this one-off payment to pensioners,following amendments to the FNPF Act.

Regions / Country
fiji
Global challenges
Topics
Old age Pensions
Covid-19
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New Zealand: Paying clients stranded overseas

Submitted by siha on Tue, 08/18/2020 - 12:26

Ministry of Social Development (18.08.2020) We're working hard to make sure clients who are out of the country and are unable to return because of the COVID-19 pandemic are financially supported. When you leave New Zealand temporarily some payments stop straight away, some are paid for up to 28 days, and New Zealand Super and Veteran's Pension is paid for up to 26 weeks. Under a COVID-19 special assistance programme we're able to make your payments until you can return to New Zealand. This programme is currently only available until 20 October 2020.

Regions / Country
new zealand
Topics
Old age Pensions
Unemployment
Extension of coverage
Service delivery
Migration
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Congress must act now to fix a Social Security COVID-19 glitch and expand, not cut, benefits | TheHill

Submitted by mmarquez on Sun, 08/16/2020 - 20:58

thehill.com (08.07.2020) While social security benefits are secure, the unprecedented conditions of the COVID-19 economic crisis have unearthed a technical glitch. If left uncorrected, a COVID-19 notch will result: Those turning 60 this year – more than 4 million workers – and their families will receive substantially lower Social Security benefits than workers (and their families) with identical earnings who turned 60 last year. Fortunately, the solution is easy and straightforward. But Congress must act.

Regions / Country
united states
Global challenges
Topics
Old age Pensions
Governance and administration
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