news

China's retirement age reforms not enough to fix pension headache

Submitted by pmassetti on
reuters (24.09.2024) China's move to raise retirement ages is a starting point to plug gaping pension deficits and bolster a shrinking workforce but more pain lies ahead as the economy slows, making further reforms urgent, say economists and demographers. Aging populations are a global phenomenon, but the issue is particularly stark in China due to the legacy of its one-child-policy, which was in place for three decades and has exacerbated its demographic challenges.
Regions / Country
china
Global challenges
Topics
Pensions
Document Type

Dutch pension funds to report CO2 reduction progress

Submitted by pmassetti on
ipe.com 817.09.2024) Pension funds should report annually about the progress they make in meeting their CO2 reduction targets. They must also provide more insight into their sustainable investments, Dutch pension regulator DNB announced on its website.
Regions / Country
netherlands
Topics
Pensions
Document Type

India is formalising measures to protect the rights of gig and platform workers

Submitted by pmassetti on
ullekhnp.com (20.09.2024) The latest announcement from the Union labour ministry is that it has asked technology-based platforms and aggregators to get all gig workers engaged by them to register on the e-Shram portal, a centralised database of informal workers, where they can avail of health insurance and other facilities, including unemploy­ment benefits, maternity benefits, and accident injury coverage through the Employees’ State Insurance Corporation (ESIC). As of now, gig workers are eligible only for minimum social-security benefits.
Regions / Country
india
Topics
Platform workers
Document Type

China to gradually raise retirement age

Submitted by pmassetti on
Xinhua (13.09.2024) Chinese lawmakers on Friday voted to adopt a decision on gradually raising the statutory retirement age in the country, marking the first adjustment in the arrangement since 1950s. According to the decision adopted at the 11th session of the Standing Committee of the 14th National People's Congress, the statutory retirement age for men will be gradually raised from 60 to 63 in the course of 15 years starting 2025, while that for women cadres and women blue-collar workers will be raised from 55 to 58 and from 50 to 55, respectively.
Regions / Country
china
Topics
Pensions
Document Type

Singapore passes landmark Bill recognising ride-hail, delivery gig workers as distinct labour class

Submitted by pmassetti on
The Straits Times (11.09.2024) Cabbies, private-hire drivers and freelance delivery workers who rely on online matching platforms for income will get better labour protection from Jan 1, 2025, after Parliament passed a landmark Bill on Sept 10 designating them as a distinct legal category in between employees and the self-employed.
Regions / Country
singapore
Topics
Platform workers
Digital plateform workers
Document Type

Working till your 70s — Japan's prospective gift to the world

Submitted by pmassetti on
The Japan Times (05.09.2024) Japanese people are living longer, but with a struggling pension system and the highest inflation in decades, more are delaying retirement until their 70s or later to make ends meet. Japan has some of the longest lifespans in the world, with men living an average of 81 years and women 87 years. This longevity strains the nation’s pension system, making it a case study for other developed countries with similar demographic trends.
Regions / Country
japan
Global challenges
Topics
Pensions
Document Type

Minimum Income and Social Inclusion Pathways – A review of selected European Union programs

Submitted by pmassetti on
worldbank.org (30.07.2024) Across European Union (EU) countries, the institutional design of Minimum Income (MI) programs varies widely in terms of the benefits and services provided to recipients, despite significant convergence toward a similar MI model and shared common approaches.
Regions / Country
Europe
Topics
Social assistance
Document Type

India: Government To Bring Gig Workers Under Social Security Net Via e-Shram Portal

Submitted by pmassetti on
swarajyamag.com (02.09.2024) The government will soon allow gig and platform workers to register on the e-Shram portal, ensuring they are covered under social security schemes, Union Labour & Employment Minister Mansukh Mandaviya announced on Sunday (1 September). Mandaviya highlighted that aggregators — companies that employ gig and platform workers — will be asked to take the lead in registering their workers on the portal.
Regions / Country
india
Topics
Platform workers
Document Type