Pensions

Pension payments and pandemics – four potential policy responses

Submitted by pmassetti on Mon, 05/25/2020 - 17:12

worldbank.org (14.05.2020) The economic downturn sparked by the coronavirus pandemic (COVID-19) is having a major impact on global labor and financial markets – which in turn will have significant effects on pension systems.  Crucially, policy responses will need to strike a balance between the immediate protection of vulnerable groups and ensuring that our pension systems remain able to deliver retirement income in the future as the global population ages. Here, we propose four important policy questions to be considered as governments grapple with this challenge:

Global challenges
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Pensions

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Ukraine: Compensations of up to 18 dollars to pensioners aged 80 or older

Submitted by mmarquez on Fri, 05/15/2020 - 15:21

112.international (08.04.2020) In Ukraine, pensioners who have reached 80 years of age will be paid compensation for pensions in April. This was reported by the press service of Ukraine’s Pension Fund. Payment in the amount of up to 18 dollars commenced on April 7. "From April 1, 2020, pensioners who are 80 years of age or older are entitled to a monthly compensation payment of up to 500 hryvnias (18 dollars). Pension supplements will be paid to pensioners whose pension does not exceed 9205 hryvnias (339 dollars).

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ukraine
Global challenges
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Pensions
Cash transfers

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Perú: Suspensión de aportes de trabajadores a las AFP para el mes de abril

Submitted by mmarquez on Fri, 05/15/2020 - 15:12

gestion.pe (26.03.2020) El presidente Martín Vizcarra anunció que se suspenderá el aporte a las Administradoras de Fondos de Pensiones (AFP) durante el mes de abril, ante la ampliación del estado de emergencia en el Perú para frenar los contagios de coronavirus.

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peru
Global challenges
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Pensions
Compliance and Contribution Collection
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India: EPFO income dips as deposits are deferred, withdrawals rise

Submitted by pmassetti on Fri, 05/08/2020 - 10:08

livemint.com (08.05.2020) The Employees Provident Fund Organisation (EPFO) is set to face an income crisis, which will have a direct bearing on millions of its subscribers’ PF earnings in 2020-21. A million workers have already withdrawn their EPF savings in last five weeks to tide over income loss caused by the ongoing lockdown imposed to prevent the spread of the coronavirus.
EPFO has settled almost ₹3,000 crore of claims by now; this could double by internal estimates

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india
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Pensions

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