Discussion about retirement provisions: When years of education become a pension trap
This article discusses the need for reform in Germany's pension system, particularly addressing the disadvantages faced by highly educated individuals.
The pension system ended last year with a deficit of 9.2 billion, year-on-year deficit decreased
The Czech pension system recorded a deficit of 9.2 billion CZK last year, marking a decline in the deficit compared to the previous year.
The Saeima will reconsider the law on replacing judges' retirement pensions with special pensions
The Saeima is set to re-evaluate legislation concerning the pension system for judges, focusing on the transition from retirement pensions to special pensions, with significant implications for judges' financial security and independence.
Review of Basic Pension Reform: Differential Payments and Reduction of Beneficiaries
The South Korean government and ruling party are considering reforms to the basic pension system, including differential payments for low-income seniors and potential reductions in the number of beneficiaries.
State pension 'much lower rate' warning over payment change
Key changes to eligibility for the state pension are set to occur this year, alongside an anticipated increase due to the triple lock system.
Jurečka Writes to Babiš. The Former Minister is Concerned About Pensioners, Pressuring Schillerová and Juchelka
Former Minister Marian Jurečka expresses concern over potential changes to the Czech pension system, urging the government to reconsider its approach.
Self-employed in retirement: "I have saved 120,000 euros, but is that enough for retirement?"
A 65-year-old man, who spent part of his career self-employed and did not contribute to the statutory pension system, is now worried whether his savings will be sufficient for retirement.
Self-Employed in Retirement: "I have saved 120,000 euros, but is that enough for retirement?"
The article discusses the concerns of a 65-year-old man, a former self-employed individual, facing uncertainty about whether his savings will be sufficient for retirement after not contributing to the state pension system.
Pensions, Talk Lies. Everyone Shoots at the System but Here are the Real Numbers
A recent Italian television report highlights emotional stories about the pension system while discussing political divides over necessary reforms.
The system was supposed to end, but it is breaking records. Will OFE get a second chance?
The article discusses the future of the Polish Open Pension Fund (OFE) amidst declining membership and financial challenges.
When will the women of Delhi receive ₹2500, see CM Rekha's answer
Delhi's financial situation has deteriorated under previous governments, affecting the overall financial system and delaying aid for poor women.
Why the giant Franklin Templeton is keeping an eye on Afores in Mexico?
Franklin Templeton sees Mexico's $500 billion pension fund system as a potential partner for the country's infrastructure development.
All the details of the Labor Assistance Fund
The Labor Assistance Fund (FAL) is a key component of the labor reform approved by the Argentine Chamber of Deputies, intended to finance dismissal indemnities, though critics argue it undermines the pension system.
FRaktur: Germans, give birth to contributors and soldiers!
The article discusses Germany's demographic challenges and suggests that increasing birth rates among Germans is essential for the sustainability of the pension system.
The key article that Minister Luis Caputo asks not to be touched and the opposition will seek to overturn
Minister Luis Caputo is fighting to protect a key article of the Labor Assistance Fund that the opposition seeks to overturn, raising concerns about its implications for the pension system.
If the won weakens, national pension performance bonuses will rise... The government will revise the compensation system
The South Korean government plans to revise the performance evaluation system for the National Pension Service to exclude exchange rate influences amid high won-dollar exchange rates, addressing concerns that the current system incentivizes poor investment decisions.
From 50 to 65 years old, with a reduced pension: Romania adopts its magistrates' retirement reform
Romania has reformed its magistrates' retirement age and pension system, raising the retirement age and reducing pension amounts amid public budget concerns.
Politicians as a Threat to Retirement Wealth
The Brazilian pension system is under threat from both criminal organizations and politicians seeking to exploit its wealth for personal gain.
Demographic crisis and anemic growth shake Germany's pension system
Germany's population is projected to shrink by nearly 5% within 25 years, raising concerns about the sustainability of its pension system and overall economic health.
IMSS and Consar sign an agreement to protect workers' savings
The Mexican Social Security Institute (IMSS) and the National Commission for the Retirement Savings System (Consar) have signed an agreement aimed at enhancing the oversight of pension plans and preventing fraudulent practices affecting workers' retirement savings.
Plenković: Ružić is responsible, serious and will fit well into the Government
Prime Minister Andrej Plenković introduced Alen Ružić as the candidate for the new Minister of Labor, Pension System, Family and Social Policy, highlighting his qualifications and experience.
The Budget Council disagrees with Juchelka. Changes in pensions may have greater impacts than the ministry claims
The Budget Council has expressed concerns about planned changes to the pension system in Czechia, which may have more significant effects than currently acknowledged by the Ministry of Finance.
Pension Provision: Merz Wants to Make Germans Little Capitalists. He's Right!
Friedrich Merz emphasizes the need for a paradigm shift in Germany's pension system towards greater reliance on private and corporate pension schemes.
The existing pension system will no longer apply to judges and prosecutors
Latvia's Saeima has approved a new pension law specifically for judges and prosecutors, altering the existing retirement system that previously included these officials.
Judges and prosecutors will have special pensions instead of service pensions starting from 2027
Latvia's parliament has approved special pensions for judges and prosecutors, set to replace the existing service pension system starting in 2027.
Why Supporting the National Pension’s Blind Spots is a ‘Profitable Business’
The head of the National Pension Service of Korea emphasizes the urgent need to support individuals in the pension system's blind spots to prevent old-age poverty.
Mostarkić Gobbo: The Departure of 'Saint Marin'
The article discusses the recent dismissal of Marin Piletić, Croatia's former minister responsible for labor, pension system, family, and social policy, highlighting the perceived lack of effectiveness during his tenure.
Nigeria’s financial system needs coherence, not just growth
Nigeria's financial system, despite growth in pension assets and digital finance, suffers from significant fragmentation, requiring a more coherent approach to manage interconnected risks.
The 'Spain Better' Foundation proposes to Parliament a reform that reduces future pensions by 12% for those under 50 to save the system
The 'Spain Better' Foundation proposes a pension reform to reduce future pensions by an average of 12% for individuals under 50 in order to ensure the sustainability of the pension system.
Piletić is leaving, Ružić is coming: Who is the new minister of one of the most demanding departments?
The article discusses the appointment of a new minister in Croatia's labor and pension system, highlighting the credentials of the incoming minister, Ružić.
Mass withdrawal of funds from the second level pension system would be a strategic mistake, warn banks
Bank representatives caution that mass early withdrawal of savings from Latvia's second level pension system could significantly increase the risk of poverty among future retirees.
Editorial: There Is Room for Pension Cuts Too – If Political Courage Can Be Found
The Finnish pension system, often perceived as rigid, is undergoing discussions for a new reform amid concerns over the adequacy of previous changes.
Marin Piletić removed from ministerial position: It is also known who will replace him
Marin Piletić has been dismissed as Croatia's Minister of Labour, Pension System, Family, and Social Policy, with Alen Ružić set to take his place.
Readers' Letters: Costs, Pension System, Unprepared Youth
The article discusses the debate around lowering the age of criminal responsibility in Argentina, advocating for earlier intervention rather than punitive measures.
[Q&A] What Future Does the Funded Retirement Pension System Envision?
The article discusses the recent changes in South Korea's retirement pension system, requiring companies to transition from retirement benefits to a funded retirement pension, which aims to prevent wage arrears and improve investment strategies.
[Editorial] The First Step to Strengthening the ‘Retirement Income Function’ of Retirement Pensions, Long Way to Go
Labor, business, and government representatives have agreed to enforce retirement pensions to secure retirement income for workers, marking a significant change in South Korea's retirement pension system.
Lack of economic dynamism creates distributive conflict between generations
A recent analysis highlights that, in Brazil, individuals aged 65 and older have higher income than those of working age, revealing a generational economic conflict exacerbated by the current economic dynamics.
Mother’s Pension: Annual 13.5 billion euros for CSU clientele policy
The planned expansion of the Mother’s Pension in Germany is set to add billions in costs, primarily funded by taxpayers, with significant implications for social welfare funding.
How much trust is there in the federal government regarding the pension reform agreement?
Only eleven percent of Germans trust that the federal government will implement fundamental pension reform, with 83 percent supporting the inclusion of civil servants and self-employed individuals in the pension system.
Retirement Pension Structure Reformed After 20 Years... Labor, Management, and Government Reach First Agreement on 'Fund-Type and External Accumulation'
After 20 years since its introduction in 2005, labor, management, and government have reached a historic agreement to reform the retirement pension system in South Korea, enhancing the fund-type retirement pension system and mandating external accumulation of retirement benefits across all businesses to ensure payouts even in case of corporate bankruptcy.
Tax Advantage for Retirees: These Pitfalls Await in the Active Pension
Since January 1, retirees have been enjoying a generous tax advantage if they continue working, but experts caution on potential pitfalls associated with the new active pension system.
Valtio kasvattaa osuuttaan Fingridistä
The Finnish government is increasing its ownership in the transmission system operator Fingrid to 59.5% by purchasing a 20% stake from the pension insurance company Ilmarinen.
ANSES Calendar: who receives the bonus and how the 2.8% increase impacts them
February includes a combination of bonuses and increases affecting various groups of beneficiaries in the pension and social security system, mainly impacting retirees, pensioners, and families receiving child allowances and pregnancy benefits.
The Government Officialized the Disability Emergency Law: Key Changes
The national government has approved the regulations for the National Emergency Law on Disability, establishing operational procedures for a new non-contributory pension system for affected individuals.
The minister says he currently does not have defense bonds, hopes that those who leave the second tier will buy them
Minister R. Kaunas expressed hopes that citizens exiting the pension system might invest in defense bonds, which he considers a commendable project despite not purchasing any himself yet.
Why is the pension of civil servants costing the State so much?
The cost of pensions for civil servants in France has become a significant issue, exacerbated by demographic imbalances in the pension system and the high state contributions required to offset financial disparities.
Merz plans to start reforming pension system this year
Chancellor Friedrich Merz intends to begin a pension reform that includes a three-pillar model of statutory pension, private savings, and company pensions this year.
Kristen Michal: The Right-wing will not be forgiven for taking money from pensioners
Prime Minister Kristen Michal stated there is no need to worry about people giving a mandate to dismantle the pension system during elections, particularly regarding proposals to dismantle the second pension pillar and promises from the Right-wing to take money from pensioners.
"Of course, not everything can be ready by December" – Chancellor's Office Chief dampens reform expectations
Chancellor's Office Minister Thorsten Frei has tempered expectations for significant reforms this year, emphasizing a focus on the pension system while reassuring that some major social reforms will be implemented by the end of 2023.
Retirees and pensioners of Piauí must take Proof of Life in their birthday month
Retirees and pensioners in Piauí are required to perform the Proof of Life process in their birthday month to maintain their benefits, ensuring the proper allocation of public resources and contributing to the sustainability of the state pension system.