August 2026
24Aug

Cyprus. Pension reform to bring increases for all retirees, minister says

All pensioners will receive increases under the government’s planned pension reform, with those on lower pensions set to benefit the most, Labour Minister Marinos Mousiouttas said on Sunday. In interviews with newspapers Phileleftheros and Kathimerini, Mousiouttas said the reform – the first major overhaul of the system since 1980 – was intended to create a fairer, more modern and sustainable pension system. Increases will be calculated according to factors including the number of years worked and contributions paid, with proportionally greater...

August 24, 2026
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21Aug

Being single in retirement – a key issue for the Pensions Commission?

By LCP The paper considers whether pensions policy is keeping pace with these changes and explores different approaches for the Pensions Commission to consider. These include strengthening pension saving for lower-earning partners, reviewing pension-sharing arrangements following the breakdown of cohabiting relationships, assessing the impact of no-fault divorce reforms, and exploring whether joint-life annuities should become the default. Get the report here

August 21, 2026
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20Aug

Nigeria. Military pensioners protest in Abuja over benefit adjustments

Scores of retired military personnel on Wednesday protested in Abuja over the alleged non-implementation of consequential adjustments to their pensions following salary increases approved for serving military personnel. The pensioners gathered at an open field in Area 10, Garki, near the Ministry of Defence, carrying placards with various inscriptions urging the Federal Government to implement outstanding salary adjustments in their pensions. The protest triggered the deployment of security personnel, including soldiers, police and operatives of the Nigeria Security and Civil Defence...

August 20, 2026
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18Aug

UK. ​Single pensioners drive rise in retirement poverty, LCP finds

The consultancy said the overall pensioner poverty rate, measured on a consistent basis, rose from 15.7% in 2012-13 to 18.6% in 2023-24. Poverty among pensioner couples has remained relatively flat over the period, but rates have climbed sharply among single pensioners, particularly those who are divorced or have never married. More recent corrected figures from the Department for Work and Pensions, which are not yet available as a long-term series, put the poverty rate among single pensioners at 19.8% in...

August 18, 2026
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17Aug

Japan’s inflation paradox is creating winners and losers. Pensioners are the second

In the coastal city of Murakami, the 72-year-old widow relies on a monthly pension of ¥110,000 ($671). In April kerosene costs alone ate up more than a third of her budget, because of the Iran war. “When I don’t have money, I just have to put up with it because I have no other choice,” she says. With many senior citizens facing a similar situation in her community, Murakami passed a petition in December, urging Prime Minister Sanae Takaichi to...

August 17, 2026
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12Aug

UK. Retirement adequacy increasingly a business planning risk

In its latest paper, Retirement adequacy: identifying future risks in your workforce, the firm highlights how financial stress, changing retirement behaviours and an ageing workforce can affect employee productivity, absenteeism and workforce planning. The paper argues that retirement adequacy is no longer just a pensions issue, but a business challenge that employers need to understand and actively manage. Employers need to understand where adequacy risks exist within their workforce and take action now, before those challenges become harder and...

August 12, 2026
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12Aug

US. NYC Aging Releases “What the Data Demands” Report on Affordability, Highlighting Economic Challenges Facing Older New Yorkers

The NYC Department for the Aging (NYC Aging) today released What the Data Demands: Findings from Older New Yorkers’ Financial Security, the latest issue paper in a series building on findings from The State of Older New Yorkers, which provides an in-depth examination of the affordability challenges confronting older New Yorkers, including financial insecurity, food insecurity, housing instability, and employment barriers. Drawing on responses from nearly 9,000 older New Yorkers who participated in the City's comprehensive Service Needs Assessment, the...

August 12, 2026
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06Aug

China. Private pen­sion sys­tem seen in need of upgrade

How much sav­ings does a per­son in China need for retire­ment? A report released by Sun Life Fin­an­cial Inc, based on a quant­it­at­ive sur­vey of 3,201 respond­ents and more than 20 expert inter­views, found that 65 per­cent of respond­ents believe 1 mil­lion yuan ($148,200) is suf­fi­cient. However, the report estim­ates that a retiree spend­ing an aver­age of 5,000 yuan per month over a 30-year retire­ment would need at least 1.8 mil­lion yuan, assum­ing no infla­tion. Data released by the National...

August 6, 2026
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July 2026
29Jul

EU. Pension expenditure rises by 6.2% in July, reaching a record high of €14.432 million

Pension expenditure reached €14.4319 billion in July, up 6.2% compared with the same month last year, according to figures provided by the Ministry of Inclusion, Social Security and Migration, which include the adjustment approved by the Government for 2026. In the seventh month of the year, 10,517,634 pensions were paid to more than 9.5 million people. Specifically, there were 6.73 million retirement pensions, more than 2.3 million widow’s and widower’s pensions under the Social Security system, 1.06 million permanent disability pensions, 336,294 orphan’s pensions and 46,895 pensions paid to...

July 29, 2026
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24Jul

Pensions at a Glance Asia/Pacific 2024

By OECD This study presents a range of indicators to enable comparisons between the pension systems of economies in the Asia/Pacific region. It also includes data for the larger countries that are members of the Organisation for Economic Co‑operation and Development (OECD). The report was drafted by Andrew Reilly of the Social Policy Division of the OECD Secretariat. Lucy Hulett prepared the manuscript for publication. For this sixth report we are again indebted to the national experts who contributed to...

July 24, 2026
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