adequacy

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
Document Type

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
Document Type

Australia: Temporarily reducing superannuation minimum drawdown rates

Submitted by siha on Thu, 08/06/2020 - 11:23

Australian Taxation Office (29.07.2020) The government is temporarily reducing superannuation minimum drawdown requirements for account-based pensions and similar products by 50% for 2019–20 and 2020–21. This measure will benefit retirees holding these products by reducing the need to sell investment assets to fund minimum drawdown requirements.

Regions / Country
australia
Topics
Old age Pensions
Covid-19
Financial crisis
Document Type

Germany: German parliament approves basic pension law

Submitted by siha on Fri, 07/31/2020 - 11:42

IPE (02.07.2020) The German parliament, Bundestag, has approved the law for the introduction of the basic pension – Grundrente – from 1 January 2021. The Grundrente is paid in the form of a supplement to pensioners with at least 33 years of contributions to the statutory pension insurance based on periods of employment, child-rearing or care work.

 

Regions / Country
germany
Topics
Old age Pensions
Service quality
Population ageing
Document Type

Lithuania: What Help can the Low-Income Residents Expect from the State?:Child benefits

Submitted by siha on Wed, 07/01/2020 - 16:41

Ministry of Social Security and Labour (11.06.2020) Child benefit is a universal benefit paid to each child. Its size in 2020 is 60 euros.

Regions / Country
lithuania
Global challenges
Topics
Family benefits
Service quality
Cash transfers
Document Type

Kuwait: Amendments to the Insurance Law are in the interest of the citizen

Submitted by siha on Wed, 06/24/2020 - 16:29

Social Insurance Institution (21.06.2020) In context of the improvement in life rates in Kuwait and the decrease in death rates due to the development of health care, the Kuwaiti National Assembly approved a draft law amending some provisions of the Social Insurance Law related to the replacement system, whereby the tables of the replacement value were modified so that the insured and the pensioners could obtain higher replacement values ​​than before.

 

 

Regions / Country
kuwait
Topics
Old age Pensions
Actuarial
Service quality
Document Type

Japan: Pension reform bill enacted

Submitted by siha on Fri, 05/29/2020 - 14:34

Nikkei (29.05.2020) On the 29th, the Pension Reform Law was enacted, which includes such provisions as a lowering of the starting age for public pension benefits to 75. Increase the amount of pension you receive by delaying receipt of benefits. The government will also review the "working-age pension," which reduces some of the pensions of the working elderly, in an effort to encourage the elderly to work. The application of employee pensions to part-time workers will also be expanded in a phased manner.

Regions / Country
japan
Topics
Old age Pensions

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Le krach boursier menace les retraites dans de nombreux pays

Submitted by gfilhon on Mon, 03/16/2020 - 16:58

Selon le Congressional Budget Office (CBO), les fonds auraient perdu au total 2 000 milliards de dollars en quinze mois (20 % de leur valeur). Les célèbres CalPERS et CalSTRS, dédiés au financement des retraites des fonctionnaires et professeurs de Californie, ont fondu de 26 % et 10 % depuis fin juin.

Topics
Old age Pensions
Pensions
Digital Economy Topical Cluster
Economic impact
Societal Impact
New risks
Document Type

La retraite des autoentrepreneurs pourrait coûter des milliards d'euros à l'Etat

Submitted by gfilhon on Thu, 01/23/2020 - 10:47

C'est un arrêt à haut risque pour les finances de l'Etat. La Cour de Cassation doit se prononcer sur la minoration systématique des pensions de retraites par la caisse de retraites des autoentrepreneurs, la CIPAV. L'Etat a laissé faire et pourrait se voir demander de rembourser une note salée.

Regions / Country
france
Topics
Old age Pensions
Employment
Extension of coverage
Document Type

Réforme des retraites : les simulations confirment le rôle capital de l’âge pivot

Submitted by gfilhon on Thu, 01/23/2020 - 10:41

lemonde.fr (21.01.2020) L’analyse des « cas types » par le gouvernement montre que la réforme pénaliserait les départs avant l’âge pivot et profiterait à ceux qui travailleraient plus tard.

Regions / Country
Europe
france
Global challenges
Topics
Old age Pensions
Document Type