November 2022
16Nov

Global population hits 8 billion, doubling in 48 years

The world’s population has reached 8 billion, up by one billion in just 11 years since the population hit 7 billion in 2011. On Tuesday, the UNDP announced that the world’s population had hit 8 billion. UN Secretary-General Antonio Guterres said in a statement that it is a “milestone in human development,” and that this is an “occasion to celebrate diversity and advancements while considering humanity’s shared responsibility for the planet.” Since 1974, when the global population first exceeded 4 billion,...

November 16, 2022
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October 2022
21Oct

Nearly 70% Chinese elderly intend to return to workplace after retirement: report

A latest report shows that 68 percent of surveyed senior citizens in China intend to return to the workplace after retirement while 30 percent of the interviewees say they have economic pressure. Experts said it's a normal and beneficial phenomenon given the slow growth of pension in recent years and labor shortages in some industries. The survey report on the post-retirement employment of senior citizens released by Chinese recruitment website 51job.com on Monday reveals that 34.4 percent of elderly...

October 21, 2022
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10Oct

Abu Dhabi Pension Agency: Employers are obligated to register citizens within 10 working days of their joining the service

By The Bharat The Abu Dhabi Pension Fund has called on the employers registered with it not to delay in registering the new employees who have joined them. He stressed that registering and subscribing to the fund on behalf of citizens working in the public and private sectors is a mandatory procedure for all employers that have their headquarters in the Emirate of Abu Dhabi, within the framework of complying with the requirements of the fund and the retirement law...

October 10, 2022
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06Oct

Pension funds in sub-Saharan Africa

By Owen Nyang`oro & Githinji Njenga The population structure the world over is going through a demographic shift, and the elderly proportion is projected to increase with population growth. This change is a matter of concern for sub-Saharan African (SSA) countries, where the majority of the people are young and the rates of both population growth and unemployment are high. A good pension system provides elderly assistance and is a source of savings for long-term investment. The pension systems in...

October 6, 2022
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04Oct

US. Rehiring Retirees And The Impact To Retirement Plans

The IRS had previously issued FAQs to explain the retirement plan rules of the CARES Act. The original guidance answered questions about expanded distribution options and favorable tax treatment for retirement distributions needed because of the impact of coronavirus. In October, the IRS expanded the FAQs to include guidance on retiree benefits. While these new answers by the IRS relate directly to pension plans, they might be useful in administering a 401(k) plan, too. An employer has a choice when...

October 4, 2022
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September 2022
30Sep

US. Why Small Businesses Are Upping Their Retirement Plan Offerings

Last year was a fantastic for small business growth, and in its 2021 New Business Insights, Intuit QuickBooks predicted as many as 17 million new small businesses would form in 2022. It marks an increment of 2.5% from the previous year and grows to 9.8% in four years, from 2017 to 2021. While it was a great year for starting businesses, it was a not-so-great year for staffing them. According to the Bureau of Labor Statistics, in 2021, more than...

September 30, 2022
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21Sep

Ghana. Public Services Pensioners Association inaugurated

The Civil and Local Government Staff Association, Ghana (CLOGSAG), Tuesday inaugurated the Public Services Pensioners Association (PSPA) to support staff on retirement within the Public Services Organisations. The Association would also unite all retirees of CLOGSAG, seek the welfare of members, provide solidarity, promote togetherness, identify problems retirees go through, advocate for the rights of members and lobby the Government to improve the pension system in the country. Mr Bright Wireko Brobbey, a Deputy Minister, Ministry of Employment and Labour Relations (MELR),...

September 21, 2022
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21Sep

Here’s what an aging workforce means for employers in the U.S.

Covid-19 hit our world like a wrecking ball in 2020. Almost overnight, our businesses and schools closed, our communities went into lockdown, and our economies stalled. But even as we grapple with the fallout of the pandemic, new threats are looming, many of them global in scope. The World Bank warns that stagflation will see growth slump from almost 6% to just 2.9% this year. The war between Russia and Ukraine is undermining the delivery of grain, prompting fears of...

September 21, 2022
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15Sep

Three Ways to Fix Latin America’s Public Finances

A former finance minister of Paraguay argues that feasible reforms can yield important results. Governments in Latin America and the Caribbean are facing a perfect storm of economic and social conditions as they seek to accelerate their post-pandemic recovery. Vulnerable communities need more help in the face of rising inequality and poverty. Health, education and other services need more resources. Governments must find a way to grow equitably and sustainably amid rising inflation, weaker world demand and high debt levels. The...

September 15, 2022
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14Sep

Hispanic Americans deserve retirement security

By Maria French Originating in 1968 and enacted into law in 1988, National Hispanic Heritage Month is an opportunity to celebrate Hispanic Americans’ history and contributions and the influence they have had on American culture and society and to consider the future of the Latino community. Throughout modern history, Hispanic labor leaders like Cesar Chavez and Santiago Iglesias Pantin have contributed vastly to the labor movement by organizing workers and advocating for better pay and working conditions. Today, Americans with ancestry...

September 14, 2022
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