May 2025
20May

Jamaica. Senate Passes Legislation to Grant Certain Public Officers Option of Retiring Before Age 65

The Senate has passed legislation granting public officers born between August 1, 1961 and February 28, 1963, the option of retiring before reaching age 65 while still receiving full benefits. Minister of Education, Skills, Youth and Information, Senator Dr. the Hon. Dana Morris Dixon, piloted the Pensions (Public Service) (Amendment and Validation) Act 2025 through the Upper House on Friday (May 16). The Bill seeks to validate and confirm, as lawful, all the actions and omissions made by any person in...

May 20, 2025
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20May

In Rapidly Aging South Korea, the Economy Is Slow in Creating “Age-Friendly” Jobs

Demographic shifts worldwide have increased the number of older workers, and many economies are facing a critical question: Are their labor markets ready to support older workers? Researchers have found that, in the United States, the surge of older workers has gone hand–in-hand with an increase in the number of “age-friendly jobs” – roles with working conditions more suitable for aging employees, such as placing fewer physical demands or offering greater scheduling flexibility. Yet it remains unclear whether comparable trends...

May 20, 2025
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19May

México. Retiros por desempleo de Afores superan los 11,000 millones de pesos en primer cuatrimestre del 2025

Los retiros por desempleo de las Afores de los trabajadores que cotizan en el Seguro Social registraron en el primer cuatrimestre del 2025 una cifra récord para un mismo periodo, superando los 11,000 millones de pesos en los primeros cuatro meses de un año por primera vez en la historia. En enero-abril del 2025, los retiros por desempleo de las Afores ascendieron a 11,287 millones de pesos, de acuerdo con datos de la Comisión Nacional del Sistema de Ahorro para...

May 19, 2025
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19May

Nuevo sistema pensional en Colombia impone importante prohibición sobre ahorro de los trabajadores

Con la expedición del Decreto 0514 de 2025, el Gobierno nacional dio un paso decisivo en la implementación de la reforma pensional, reglamentando aspectos técnicos del nuevo Sistema de Protección Social Integral para la Vejez, Invalidez y Muerte. Aunque la Corte Constitucional aún revisa su legalidad, el decreto despeja varias dudas sobre el funcionamiento del modelo de pilares y detalla nuevas reglas que afectarán directamente a los colombianos. Ante dicha coyuntura, Camilo Cuervo, socio del área laboral de la firma Holland &...

May 19, 2025
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19May

República Dominicana. Movimiento sindical llama a movilizaciones por reforma seguridad social

El presidente de la Confederación Nacional de Trabajadores Dominicanos (CNTD) y diputado Jacobo Ramos, llamó al movimiento sindical a elaborar un plan de acción que agilice la aprobación de una nueva ley de seguridad social. En ese sentido, también reclamó del Gobierno manifestar voluntad política para lograr ese objetivo. Dijo que ese plan también debe sumarse los diferentes sectores de la vida nacional, interesados en que la mayoría de dominicanos cuente con una legislación que le garantice salud, protección y pensiones...

May 19, 2025
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19May

US. Rising Discount Rates Drove Down Pension Liabilities in April

The largest U.S. corporate pension funds had a modest recovery in April, as rising discount rates reduced plan liabilities enough to offset a shaky stock market. The improvement followed a rocky first quarter, which suffered from a more severe equities downturn. The funded status of the largest 100 U.S. corporate pension plans grew by $3 billion during April, while the funding ratios of these plans increased to 102.9%, up from 102.7% in March, according to Milliman. The modest rise follows...

May 19, 2025
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19May

UK. State pensioners must obey DWP holiday rule or face ‘being taken to court’

State pensioners are being warned to obey a little-known Department for Work and Pensions ( DWP ) rule if they're heading out on holiday this year. Pension Credit claimants may not realise they need to inform the DWP if they plan to holiday outside mainland UK for any duration this year. A question in the DWP FAQ online asks: "Can I leave Great Britain and keep getting Pension Credit?" The DWP states: "We may pay Pension Credit for up to 4 weeks while...

May 19, 2025
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19May

South Korea. Targeting young voters, pension reform emerges as major policy issue

This year, Korea implemented its first structural pension reform in 18 years. Yet, frustration persists among younger generations, as they are expected to pay more but receive less compared to older generations. With a clear aim of appealing to these younger voters, presidential candidates are unveiling a range of additional reform proposals. The most radical proposal comes from the minor conservative Reform Party. Its candidate, Lee Jun-seok — the youngest among the presidential hopefuls — has unveiled a plan to establish...

May 19, 2025
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19May

Nigeria. NAICOM advocates long-term financial planning to enhance retirement security

The National Insurance Commission (NAICOM) has urged individuals to prioritise long-term financial planning and risk management to ensure a stable and secure retirement. Olusegun Omosehin, Commissioner for Insurance (CFI)/Chief Executive Officer, National Insurance Commission (NAICOM), who stated this at the 2025 Inspenonline Retirement Summit in Lagos, underlined the need for proactive retirement savings and investment strategies. Omosehin, who was represented by Julius Odidi, Lagos Director of NAICOM, emphasised that individuals must prioritise long-term financial planning to mitigate challenges associated with inflation,...

May 19, 2025
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16May

México. Afores sufren minusvalías por 31,674 millones de pesos en abril por aranceles de Trump

Las Afores sufrieron minusvalías por 31,674 millones de pesos en abril, el primer mes del 2025 en el que tienen rendimiento negativos, debido a la inestabilidad que generaron los aranceles del presidente de Estados Unidos, Donald Trump, en los mercados. No obstante, la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) informó que en lo que va del mes de mayo “se observa un comportamiento favorable” con plusvalías por 109,180 millones de pesos al cierre del 13 de mayo. “A principios de...

May 16, 2025
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