Pensions

Australia Considers Paying Pensions on Parental Leave Program

Submitted by pmassetti on Tue, 05/18/2021 - 16:37

bloomberg.com (14.05.2021) Australia could chip into the pension funds of eligible workers who take up its 18 weeks of paid parental leave, just not yet, amid criticism the government isn’t doing enough to ensure women are financially secure in retirement.

Regions / Country
australia
Topics
Family benefits
Pensions
Document Type

Almost half of Swiss workers choose early retirement

Submitted by pmassetti on Tue, 05/11/2021 - 17:19

pensionpolicyinternational.com (06.05.2021) The Federal Statistical Office (FSO) reported External linkthat in 2019 between 40-50% of people started receiving their pension from their so-called second pillar before the legal retirement age – 65 for men and 64 for women

Regions / Country
switzerland
Topics
Pensions
Document Type

Zanzibar responds to COVID-19 economic challenges with a 20% rise to their universal social pension

Submitted by cambrosio on Wed, 03/24/2021 - 16:41

helpage.org (22.07.2020)

The government decided to increase the monthly transfer of their universal social pension by 20 per cent. This is another bold step from the government, which follows on from becoming in 2016 the first country in the Eastern African region to offer social pensions to older people.

Regions / Country
tanzania
Global challenges
Topics
Old age Pensions
Pensions
Social assistance
Covid-19

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Canada: Québec (Canada) Introduces Occupational Pension Plan

Submitted by mmarquez on Thu, 02/25/2021 - 10:50

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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Mexico: Reforms to the Mandatory Account Individual Account Program

Submitted by mmarquez on Thu, 02/25/2021 - 10:34

Social Security Association (25.02.2021) On January 1, Mexico's government implemented reforms to the country's mandatory individual account pension program that include increasing employer contributions, adjusting government contributions, reducing the minimum contributions required for an old-age pension, boosting the guaranteed minimum pension, and capping administrative fees. The government finalized the changes on December 16, 2020, after reaching a reform agreement with Mexico's largest private-sector employer and trade union associations in July 2020.

Regions / Country
mexico
Topics
Old age Pensions
Pensions
Document Type

EPF i-Sinar Account 1 withdrawal: Here's everything you need to know

Submitted by pmassetti on Mon, 12/21/2020 - 16:21

The Employees Provident Fund (EPF) has revealed full details for the i-Sinar program which will allow eligible members to make withdrawals from Account 1. The i-Sinar program was introduced to assist members who are affected by the current pandemic situation. Affected members who wish to take out funds are able to apply online starting from 21st December 2020.

Regions / Country
malaysia
Topics
Pensions

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Switzerland: Government hopes for ‘first successful pension reforms’ of the century

Submitted by pmassetti on Thu, 11/26/2020 - 17:08

swissinfo.ch (25.11.2020) The reform of the occupational pension scheme is intended to secure the pension level, strengthen financing and improve the protection of part-time employees and thus especially women, Interior Minister Alain Berset said at a press conference on Wednesday. He said he hoped it would be the first successful pension reform in the 21st century.

Regions / Country
switzerland
Topics
Pensions
Document Type

Iceland: Support for disability pensioners

Submitted by siha on Thu, 11/26/2020 - 16:40

Government of Iceland (20.11.2020) A one-time payment of ISK 50,000 will be made before 18 December to recipients of disability and rehabilitation pensions who are eligible for pensions during the year, in addition to the December supplement that is usually paid during the month.

Regions / Country
Europe
iceland
Topics
Disability
Pensions
Covid-19
Document Type