August 2024
23Aug

South Korea. Measures to strengthen retirement security are urgently needed

Even if the national and basic pensions and personal pensions received by the elderly aged 65 or older are added together, the monthly income is only 650,000 won. Six out of 10 recipients received less than 500,000 won. Critics point out that it is nothing more than a "money pension" that is far from a practical retirement guarantee, and some point out that measures to strengthen retirement security are urgently needed. On the 22nd, the National Statistical Office released "2022...

August 23, 2024
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23Aug

Brazil’s population decline will happen sooner than predicted

The Brazilian Institute of Geography and Statistics (IBGE) has periodically published findings from the 2022 Census. The population count flagged the fast and steep aging of the Brazilian population, and new projections from the IBGE now show just how steep this process is. According to the new calculations, which factor in indicators such as fertility rate (number of births per woman), life expectancy, and migration, the Brazilian population will increase from the current 203 million inhabitants to 220 million in 2041 — when it...

August 23, 2024
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23Aug

Nigeria. Delta Pensions Board Raises Alarm Over Scammers Targeting Pensioners, Issues Warning Against Fraudulent Payment Demands

In an interview with SaharaReporters on Thursday, Ogidi-Gbegbaje revealed that numerous pensioners have reported receiving suspicious calls from individuals claiming to facilitate quick payment of their gratuities and benefits in exchange for money. Sir Edwin Ogidi-Gbegbaje, Chairman of the Delta State Bureau for Pensions, has raised concerns about a fraudulent scheme targeting pensioners in the state. In an interview with SaharaReporters on Thursday, Ogidi-Gbegbaje revealed that numerous pensioners have reported receiving suspicious calls from individuals claiming to facilitate quick payment of...

August 23, 2024
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23Aug

I’m 65 and have no pension – I’m stuck travelling the world forever

I’m officially homeless. For the first time in my life. At the age of 65. On 20 May, after putting all my worldly goods into storage, that’s what I became. By choice. Sort of. After owning property for over 30 years, both in the UK and Spain, I can no longer afford to live in the UK. I hold my hands up and admit I am responsible for the greater part of my debt. I’ve never been great with money. I...

August 23, 2024
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22Aug

Chile. Presidente Boric insiste en solidaridad en reforma de pensiones: “No es un capricho de la izquierda”

En medio de su gira por la región de La Araucanía, el presidente Gabriel Boric reiteró el llamado a involucrar la solidaridad en la nueva reforma de pensiones. En ese sentido, aseguró que la iniciativa “no es un capricho de la izquierda voluntarista”. El mandatario fue parte de la inauguración del Centro de Cuidados Comunitarios de Nueva Imperial, donde dio un discurso a quienes son parte del Sistema Nacional de Apoyos y Cuidados “Chile Cuida”. En ese contexto, sostuvo que con este centro...

August 22, 2024
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22Aug

Colombia. Comité de Transición de la nueva ley pensional tuvo su primera reunión, ¿qué hace?

El Ministerio de Trabajo informó que esta tarde del 21 de agosto de 2024, se celebró la primera sesión del Comité Operativo de Transición de la nueva ley pensional. El Gobierno contó que se trata de un comité que asegurará la implementación del nuevo Sistema de Protección a la Vejez, en su componente tecnológico y de migración de información entre los fondos privados y Colpensiones. Una acción que quedó establecida en el artículo 90 de la Ley 2381. El objetivo principal de este comité es...

August 22, 2024
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22Aug

Panamá. Trabajadores piden mesa de diálogo y sistema solidario para la CSS; rechazan a Dino Mon

El presidente de la República, José Raúl Mulino, recibió en el Palacio de las Garzas a los gremios de trabajadores para abordar la situación de la Caja de Seguro Social (CSS) este miércoles 21 de agosto, tras la reciente designación de Dino Mon como director de la entidad. Anteriormente, la Central General de Trabajadores de Panamá (CGTP) había reclamado al presidente la inclusión de los gremios trabajadores en el diálogo por la Caja, al tiempo que criticó la decisión del...

August 22, 2024
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22Aug

US. Reduction in Pension Benefits Leads to Wider Income Inequality, Study Finds

The continuing decline of the number of defined benefit pension participants in the U.S. is widening America’s income equality gap, which in turn is stunting economic growth, according to a recent study from the National Conference on Public Employee Retirement Systems. The study also found that public policies aimed at cutting public costs by reducing pension benefits or switching to defined contribution plans may actually increase the need for public spending due to “the dynamic interrelationship between pension reforms, income inequality, the...

August 22, 2024
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22Aug

Canadian pension funds recognized for governance, sustainability practices: report

Four of Canada’s largest pension funds have been ranked among the top 10 global pension funds for demonstrating best practices in governance, sustainability and resilience, according to a new report by data platform Global SWF. The assessment tool, which reviews the practices and efforts of state-owned sovereign wealth funds and public pension funds, gave the Caisse de dépôt et placement du Québec and the British Columbia Investment Corp. perfect scores across the board alongside the Ireland Strategic Investment Fund, Singapore-based...

August 22, 2024
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22Aug

DWP announces £780 payment increase for UK households to help with cost of living

UK households are set to receive a financial boost this year to help with the cost of living. With inflation slightly rising back to 2.2 per cent, additional financial support will be beneficial in managing the ongoing income squeeze, especially following the recent cut in interest rates to 5 per cent at the start of August. This extra support for households is due to changes implemented by the Department for Work and Pensions. It has applied a 6.7 per cent...

August 22, 2024
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