Pensions

India: Bihar first state to launch universal old-age pension scheme

Submitted by pmassetti on

Times of India (14.06.2019) Bihar on Friday became the first state to launch a universal old-age pension scheme in which each person at the age of 60 years and above, irrespective of their financial, family or caste status, will get a sum of Rs 400 per month directly in his/her bank account.

Regions / Country
india
Global challenges
Topics
Pensions
Document Type

Azerbaijan raises minimum wage by $41, and minimum pension by $23

Submitted by dfabbri on

jam-news.net (20.06.2019)  The minimum wage in Azerbaijan will increase from 180 to 250 manat [from $106 to $148]. Starting October 1, the size of the minimum pension will also increase, from 160 to 200 manat [from $95 to $118]

Regions / Country
azerbaijan
Topics
Pensions
Document Type

[Report] Adequacy and sustainability of pension systems in the context of demographic ageing

Submitted by pmassetti on

ituc-csi.org (15.05.2019) The paper reviews several of the measures that States have taken with the intention of improving the sustainability of pension systems and evaluates their effectiveness. The paper highlights that many of the measures taken have had negative distributional impacts and have significantly compromised the primary function of pension systems: to provide a secure replacement income for people in old age and prevent their ability to fall into poverty.

Global challenges
Topics
Pensions
Document Type

UK: Govt urged to give new mothers £2k pension top-up

Submitted by dfabbri on

pensionsage (03.06.2019) The government is being urged to give new mothers a £2,000 pension top-up to address the pension gender gap. The call from Which? follows analysis by itself and the Pensions Policy Institute, which found that women who take time out of work to care for a while, are hit with a ‘motherhood pension penalty’, potentially saving £15,000 less towards retirement compared to the average full-time working woman.

Regions / Country
united kingdom
Global challenges
Topics
Pensions
Financing
Document Type

Brazil’s Congress confident pension reform will pass

Submitted by dfabbri on

 Financial Times (02.06.2019) The presidents of both houses of Brazil’s Congress have voiced confidence that legislators will approve a flagship pension reform supported by President Jair Bolsonaro in the next few months.

Regions / Country
brazil
Topics
Pensions
Document Type

German minister presents draft law to supplement basic pension from 2021

Submitted by pmassetti on

 China.org.cn (23.05.2019) The German Minister of Labor and Social Affairs, Hubertus Heil, presented his reform to supplement the German basic pension on Wednesday. According to the draft law, a pension supplement is planned from 2021 onwards for long-term, low-income earners in Germany and will be financed primarily from tax revenues.

Regions / Country
germany
Global challenges
Topics
Pensions
Document Type

Pension burden: More Japanese opt to retire late, extend employment period

Submitted by pmassetti on

Business Standard News (10.04.2019) Some economists expect the average pension-to-wage ratio to keep deteriorating and worries are growing that Japan's 'pay-as-you-go' pension scheme may be unsustainable

Regions / Country
japan
Global challenges
Topics
Pensions
Document Type

Ghana’s pensions regulator is working to ensure about 11m informal sector workers have pension schemes

Submitted by pmassetti on

 Pulse Nigeria (07.05.2019) The National Pensions Regulatory Authority (NPRA) has said that it is putting measures in place to ensure that Ghanaians working in the informal sector are able to access a pension scheme.

Regions / Country
ghana
Topics
Pensions
Document Type

France: Retraite - Macron réaffirme les 62 ans mais veut inciter les Français à partir plus tard

Submitted by dfabbri on

Les Echos (26.04.2019) Pour financer les baisses d'impôts, le chef de l'Etat souhaite notamment que les Français travaillent davantage. Il a écarté tout assouplissement supplémentaire des 35 heures ou l'instauration d'un jour de solidarité. La solution passera par l'allongement de la durée de cotisation avec un système de décote pour inciter à « partir plus tard ».

Regions / Country
france
Topics
Pensions
Document Type