March 2025

Germany. Gender discrimination in company pension schemes: Need for action and cost risks

As is well known, the Pay Transparency Directive imposes a need for action on companies. Employee comparison groups must be established to identify potential gender pay gaps. Employees are granted extensive and highly detailed rights to information, which must also be actively communicated. Even during the recruitment process, companies must be able to provide information about their remuneration systems. Comprehensive reporting obligations apply for companies with 100 or more employees, requiring the disclosure of remuneration structures. The greater involvement...

Thailand. Social Security Board approves fairer pension calculation

The Social Security Board has approved an adjustment to the calculation of retirement pensions to ensure fairness among Section 33 and Section 39 insurers on Tuesday. Marasri Jairangsee, secretary-general of the Social Security Office, stated that the three-hour discussion included representatives from employers, employees and the government. “Labour Ministry permanent secretary Boonsong Thapchaiyut, who chaired the Social Security Board, has approved the adjustment to the pension calculation for Section 33 and 39 insurers,” she said. She explained that the adjustment has been under...

Reforma de Pensiones en Chile: Incremento Programado en la PGU Beneficiará a Adultos Mayores Hasta 2027

Reforma de Pensiones impacta positivamente al aumentar la Pensión Garantizada Universal. Implementación de aumento gradual en la PGU En el contexto de la reciente aprobación del proyecto de Reforma a las Pensiones, surge una significativa actualización para la Pensión Garantizada Universal (PGU). Este cambio promete incrementos programados, asegurando una mejora continua en el apoyo económico a los beneficiarios. Detalles del incremento programado hasta 2027 Luego del aumento efectuado en febrero de este año, la PGU experimentará un nuevo incremento en septiembre. Se estima...

Pensionados en Colombia tendrán descuentos en su mesada desde julio de 2025

El presidente Gustavo Petro sancionó la reforma pensional tras varios debates en el Congreso, con el propósito de garantizar una vejez digna a los colombianos. Con esta nueva normativa, se crea el Sistema Integral de Protección a la Vejez, que amplía la cobertura y busca mejorar las condiciones económicas de los adultos mayores en el país. Según el Departamento Administrativo Nacional de Estadística (DANE), solo el 18 % de los colombianos logra acceder a una pensión. Ante este panorama, el Gobierno argumenta que la reforma es clave para reducir...

America’s aging population faces a growing shortage of geriatric care

Jerry Gurwitz, a 68-year-old geriatrician based in Massachusetts, is at a tricky point in his career. He's spent decades taking care of older Americans, but now, as Gurwitz approaches the age of some of his own patients, he sees a brewing problem with his profession: there aren't many people willing to take his job, and he has serious doubts over whether there will be enough doctors to properly take care of people as they get older, he told Business Insider. Gurwitz,...

Most young Brits have no pension plan… despite hoping to retire EARLY

Millions of young Brits have zero pension plan despite believing they will retire young and be easily able to travel the world, new research has revealed. The damning YouGov findings by savings and investment business M&G have shown that more than three quarters of 18 to 24 year olds, alongside nearly half of 25 to 34 year old's, have not started making a financial plan for their post-work life. However, a substantial number of the 2,000 young people surveyed said that...

Singapore’s population is aging fast. It hopes AI can help manage its elderly care

From listening devices that detect falls to “patient sitter” systems in hospitals and robots helping with exercise in care homes, Singapore is looking to artificial intelligence to help manage the health of its elderly population. By 2030, a quarter of Singaporeans will be 65 or older — in 2010, the figure was one in 10 — and it’s estimated that around 6,000 nurses and care staff will need to be hired annually to meet Singapore’s health workforce targets. Technology is much needed to help fill the...

AFC chief pushes to unlock billions from African pension funds

The African Finance Corporation said it is accelerating efforts to mobilise the continent’s own money for investments, and tapping investors in the Middle East and Asia, as developing nations grapple with seismic shifts in geopolitics and funding flows. Samaila Zubairu, chief executive of the AFC – a development finance institution owned by Nigeria’s central bank and other African financial institutions – said in an interview the lender is ready to weather a world in which the United States and Europe...

On International Women’s Day, let’s focus on the gender pension gap

By Ivana Zanardo   Women in the workforce have made significant strides in recent decades: the gender wage gap is shrinking and more women hold a growing share of senior leadership positions at Canadian companies. But as we celebrate International Women’s Day, there’s another gap that should get more attention – the gender pension gap. Despite advancements made in the workplace, according to Stats Canada, women still face an annual income gap of 29 per cent. And what’s more worrisome is that we...

México. Día de la Mujer 2025: 6 datos clave sobre el panorama laboral femenino

El panorama laboral de las mujeres en México es difícil y las mejoras son a cuentagotas. Una participación económica baja, una carga desproporcionada de tareas de cuidado no remuneradas y poca presencia en puestos de liderazgo, son sólo algunos indicadores que muestran la inequidad que existe en el mercado de trabajo. “En México 46% de las mujeres de 15 años y más tiene o busca un empleo. Entonces, estamos hablando de más de la mitad de la población de las...