News Archives - Page 817 of 952 - Pension Policy International

23JulJuly 23, 2018

Georgian parliament approves law on accumulative pension

The parliament of Georgia approved a law on an accumulative pension system yesterday, which is part of a larger pension reform initiated by the Georgian government. The government plans to launch a supplementary programme alongside the currently existing universal basic pension which amounts to 180 Gel. The new programme, the launch of which is planned for the end of the year, will be mandatory for legally employed people under 40, meaning they will be enrolled automatically, and voluntary for people above...

July 23, 2018

News, SliderGeorgia

23JulJuly 23, 2018

Kenya. Counties owe Sh17bn in pension fund dues

County governments owe the County Pension Fund (CPF) more than Sh17 billion in unremitted contributions, the Nation has learnt. This emerged after the retirement fund expressed concern over delays in remittance of pension by the devolved units. Speaking at a Naivasha hotel on Saturday during an annual general meeting, CPF chief executive officer Hosea Kili said the anomaly was posing a major challenge to the operations of the umbrella savings scheme. Read more @Daily Nation

July 23, 2018

News, SliderKenya

23JulJuly 23, 2018

Migration helps balance our ageing population – we don’t need a moratorium

Australia’s population is set to reach 25 million in the coming weeks. This is much earlier than expected. Eighteen years ago, projections estimated Australia’s population wouldn’t get to 25 million until 2041. Western Australian Liberal Senator Dean Smith last week proposed a moratorium on immigration to give Australia some time to “breathe” and take stock. Claiming concerns over planning and infrastructure failing to meet population needs, Smith signalled Australia was unprepared, having relied on inaccurate population projections. Immigration is often targeted...

July 23, 2018

News, SliderAustralia

23JulJuly 23, 2018

Village Voices: Miriam sees end to stigma with Kenya’s Inua Jamii pension

Our Village Voices series shares research findings into Kenya’s Inua Jamii Senior Citizens’ pension scheme and what it means to one Rift Valley community. In this blog, Sarina Kidd discusses the experiences of a recipient of the Older Persons Cash Transfer. Miriam is seen as one of the lucky ones in the community of Lokeringet, in Nandi County. For the last three years she has been a beneficiary of the Older Persons Cash Transfer (OPCT) programme, a 2,000 Shilling (around...

July 23, 2018

News

20JulJuly 20, 2018

UK. £1.6trn investment consultancy sector faces overhaul by UK watchdog

The Competition and Markets Authority’s (CMA) 330-page provisional decision comes after an investigation ordered by the Financial Conduct Authority (FCA) into the sector. The CMA found out that while pension schemes can choose from a range of different firms, there were competition problem within both the investment consultancy and even more so in the fiduciary management markets. Pension trustees in the UK will have to run compulsory public tenders when appointing their first fiduciary manager, according to the proposals. The report...

July 20, 2018

News

20JulJuly 20, 2018

When Aging and Automation Collide, Which Countries Lose?

Today’s workforces are facing two unprecedented and far-reaching trends: widespread societal aging and the automation of work by intelligent technologies. Increased longevity and declining fertility rates around the world are creating lasting shifts in the age compositions of workforces globally. Concurrently, emerging technologies are displacing workers and transforming the very landscape of work. The confluence of these two trends of aging and automation therefore raises a crucial question: What effect will increased workplace automation have on populations of older workers?...

July 20, 2018

News, Slider

20JulJuly 20, 2018

UK. A steep challenge ahead – what the latest fiscal sustainability report means for the public spending plans

Looking at how assets and liabilities on the public sector’s balance sheet are expected to change over time provides an important picture of the direction of travel when it comes to government activities. The Office for Budget Responsibility’s (OBR) latest report sounds alarm bells for mounting spending challenges ahead. The Fiscal Sustainability Report, released by the OBR on Tuesday, sets out the long-term sustainability of the level of public debt. This is a key measure of the government's fiscal policies,...

July 20, 2018

News, Slider

20JulJuly 20, 2018

Russia. Russian MPs approve pension reform in first reading despite protests

Russian lawmakers tentatively approved a hugely unpopular government plan to hike the state pension age that has led to protests and a record slump in Vladimir Putin's approval ratings. In a rare move, usually pliant Kremlin-friendly nominal opposition parties -- the Communists, the Liberal Democratic Party and A Just Russia -- rejected the legislation to raise the pension age to 65 for men and 63 for women. A total of 328 lawmakers in the lower house or State Duma voted in...

July 20, 2018

News

19JulJuly 19, 2018

US. Lawmakers are thinking of changing your 401(k) plan — is this a good thing?

You may have heard that Congress is looking at changes to the ways in which Americans save for retirement. Lawmakers think we need to save more and, for once, they’re right. Among the things they’re looking at: changes to 401(k) plans—the most substantive in years—and ways for you to guarantee yourself an annual income after you retire. Retirement is, of course, a huge problem for millions of Americans. A survey earlier this year by GoBankingRates said 42% of Americans have less...

July 19, 2018

News

19JulJuly 19, 2018

India. CM launches online pension management system

State Government pensioners who have served the society during their entire lives deserve respect and attention from all, said Chief Minister Raman Singh on Wednesday. He was addressing a gathering after launching the Online portal 'Aabhaar-Aapki Sevahon Ka' (Gratitude-For Your Service) and MobileApp at the Pandit Jawaharlal Nehru Medical College, auditorium, Raipur. He further said that now transparent, accountable and quick service would be provided as the online system will help the pensioners to save time. They need not make...

July 19, 2018

News

July 2018