A State-supported think-tank has questioned the level of tax relief given to people for saving for a pension. An Economic and Social Research Institute (ESRI) paper found that high-income households are the big winners from the tax treatment of pension contributions. It says cutting the tax relief for putting money into a pension should be considered. Read More: Independent
Slovenia was urged today to ensure that the nominal growth rate of net primary government expenditure does not exceed 3.1% in 2019, which corresponds to an annual structural adjustment of 0.65% of GDP. Read More: Total Slovenia News
Malta's government committed on Wednesday not to raising the retirement age, which was recommended by the European Commission (EC). The European Commission has recommended that Malta safeguards the sustainability of its health care and pension systems by raising retirement age and restricting early retirement. In a press statement, Malta's government said "it is committed to retain free health care for its citizens and to continue to work towards a more sustainable pension system without changing the pensionable age". Read More: XinhuaNet
Members of the County Assemblies (MCAs) from all the 47 counties are pushing for the establishment of an independent pension scheme. The County Pension Bill, which has been stuck in Parliament for some time, recently underwent a second reading. The MCAs want the Bill fasttracked to enable counties move their staff from the current non-contributory arrangement to a contributory pensions administrator. “We want a pension scheme which is not managed by national government but with an independent administrator so that counties...
Romania’s government will maintain its policy of cutting taxes and raising the minimum wage and state pensions until 2020 in a bid to improve living standards, the leader of the ruling Social Democrats said on Wednesday. The government could also make it optional to join a private pension scheme, said Liviu Dragnea, who holds a tight grip on his party and is also speaker of parliament’s lower house. Membership of private pensions is mandatory for employees under 35 and any changes...
Enfermeros, profesores y funcionarios municipales manifestaron este martes en toda Francia, por tercera vez desde la llegada al poder de Emmanuel Macron, para mostrar su descontento por los planes del gobierno de reducir personal en las administraciones y congelar salarios. Todos los sindicatos que representan a los funcionarios públicos respaldaron la huelga del martes, una rara muestra de unidad que se vio por última vez hace 10 años. El paro, que afectaba a las escuelas primarias y secundarias, a las guarderías...
El cambio entre sistemas de Afore es popular entre los mexicanos. En el periodo enero-abril de este año se registraron 777 mil 685 traspasos de cuentas individuales de ahorro entre Afores, donde las administradoras Coppel e Invercap tuvieron el mayor número de salidas con más de 150 mil registros en conjunto, mientras que Citibanamex atrajo el mayor número de usuarios. De acuerdo con las estadísticas de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), ocho de las...
El cambio entre sistemas de Afore es popular entre los mexicanos. En el periodo enero-abril de este año se registraron 777 mil 685 traspasos de cuentas individuales de ahorro entre Afores, donde las administradoras Coppel e Invercap tuvieron el mayor número de salidas con más de 150 mil registros en conjunto, mientras que Citibanamex atrajo el mayor número de usuarios. De acuerdo con las estadísticas de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), ocho de las...
Carlos Bravo, responsable de Protección Social y Políticas Públicas de CC OO, y Elisa Ricón, directora general de Inverco, dan las claves sobre en qué situación se encuentra el sistema público de pensiones en la actualidad y cuáles son las posibles soluciones para garantizar unas prestaciones dignas en el futuro. Ambos expertos, que participaron en el programa Economía Clara con CincoDías sobre pensiones emitido por Facebook Live, responden a seis preguntas acerca de la problemática actual que ha llevado a...
Retirement represents a milestone for most adults, but despite the feelings of adventure and excitement that come with leaving the working world, retirement must first be viewed through a financial lens. The ability to generate income in one’s elderly years is limited, and no one wants to be a burden on their family or the state. That said, there are social security programs and savings vehicles that are designed to help individuals prepare for their big vacation. Pensions are a...
