Pensions

Swiss municipal pension schemes face funding shortfalls: analysis

Submitted by dfabbri on

IPE (29.08.2019) he differences between the coverage ratios of Swiss municipal pension funds are “enormous” and in some cases there are big holes, according to analysis carried out by the think tank Avenir Suisse.

Regions / Country
switzerland
Topics
Pensions
Document Type

Dutch unions, employers seeking solution to avoid pension cuts

Submitted by dfabbri on

IPE (28.08.2019) The steering group of social partners in the Netherlands is working on various solutions for the consequences of pension cuts on retirees’ purchasing power, according to local trade union CNV. Both an increase to the state pension (AOW) and the avoidance of cuts to second-pillar payouts are options to be reviewed, the trade union stated in response to questions posed by Dutch pensions industry publication Pensioen Pro.

Regions / Country
netherlands
Topics
Pensions
Financing

France: Réforme des retraites - ouverture surprise de Macron sur l'âge de départ

Submitted by dfabbri on

Les Echos (27.08.2019) Le président de la République a indiqué lundi soir privilégier « un accord sur la durée de cotisation plutôt que sur l'âge » de départ à la retraite. Ce qui remet en question l'instauration d'un âge pivot à 64 ans, préconisée par le rapport Delevoye sous peine de décote.

Regions / Country
france
Topics
Pensions
Document Type

[Opinion] UK: Increasing the state pension age to 75 is a terrible, divisive idea

Submitted by dfabbri on

newstatesman (20.08.2019) A simplistic plan to save money would bring hardship to those least able to cope. t is rare that I see a proposal as potentially damaging as the recommendation, just published by the Centre for Social Justice, to dramatically increase the state pension age – to 70 by 2028 and then to 75 a few years later. This flawed policy thinking suggests little understanding of the role and impact of state pensions and the differentials within our society. It must be dismissed immediately before it is adopted by politicians looking for seemingly easy benefits.

Regions / Country
united kingdom
Topics
Pensions
Document Type

Singapore to Work Longer, Build Higher as Lee Eyes Handover

Submitted by dfabbri on

Bloomberg (18.08.2019) Singapore extended support for older workers in the aging island nation as the current leadership prepares to hand over to a new generation in the next few years. The retirement age will be gradually raised to 65 from 62, Prime Minister Lee Hsien Loong said Sunday in his annual National Day Rally speech. The re-employment age, where employers must offer work in the same organization, will rise to 70 from 67.

Regions / Country
singapore
Topics
Pensions
Financing

UK:No-deal warning - Brexit risk to €5 pension and social welfare hike

Submitted by dfabbri on

independent(19.08.2019) The €5 hike to the State pension and weekly social welfare payments is in jeopardy amid a major Budget battle in Fianna Fáil. Despite the risk of a no-deal Brexit and opposition at senior levels of the party, social protection spokesman Willie O'Dea said he would be "robustly" arguing for the same €5 per week increase in welfare payments.

Regions / Country
united kingdom
Topics
Pensions
Financing

Japan: Practical debate needed on public pension system

Submitted by pmassetti on

The Japan Times (09.07.2019) The public pension system and people’s concern over their retirement finances emerged as a key campaign issue for the upcoming Upper House election after a Financial Services Agency council report estimated that a model household of retirees dependent on pension benefits to cover their expenses would face a shortfall of ¥20 million if they lived to the age of 95.

Regions / Country
japan
Global challenges
Topics
Pensions
Document Type

Canada: Feds take digital step to reshape benefits system for expat seniors

Submitted by pmassetti on

CTV News (26.07.2019) The federal government is moving to trade, in bulk, information on expatriate seniors with other countries to save time and money when one of them dies.

Regions / Country
canada
Topics
Health insurance
Pensions
Interoperability
Data management
Digital Economy Topical Cluster
Business processes
Document Type

France: Réforme des retraites : les sujets chauds de la rentrée

Submitted by dfabbri on

Les Echos (25.07.2019) Après les préconisations de Jean-Paul Delevoye pour la réforme du système de retraite, le Premier ministre, Edouard Philippe, doit préciser le calendrier de la réforme. Un nouveau cycle de concertation est prévu. Les syndicats ont une longue liste de sujets à aborder.

Regions / Country
france
Topics
Pensions
Document Type