Pension Reform Archives - Page 23 of 47 - Pension Policy International

29MarMarch 29, 2023

French unions vow further protests on 10th general strike against Macron’s pension plans

French unions vowed to continue demonstrations next week amid another day of protests Tuesday against French President Emmanuel Macron’s controversial pension reforms — the 10th general strike this year. Clashes broke out between small groups of protesters and police, especially in Paris, where some people also ransacked a supermarket. But the number of protesters also decreased almost everywhere in the country compared to last week, according to estimates by both French authorities and unions. Around 730,000 people protested in total,...

March 29, 2023

NewsFrance, Pension Reform

29MarMarch 29, 2023

Why all policies, including pension reform, must consider climate change

“Retrait, climat, même combat,” shouted protesters during the demonstrations taking place across France this past weekend against President Emmanuel Macron’s planned, and much opposed, reform of his country’s pension regime. For these protestors, retirement and climate change are all part of the same problem, the same fight. “No retired people on a burnt planet,” they insisted. The impacts of a warming planet on the world of work are absent from the French government’s plans, yet extreme weather conditions, in particular...

March 29, 2023

NewsClimate crisis, ESG, Pension Reform

24MarMarch 24, 2023

Pension Administration in Nigeria: Lessons and Reflections

By Opeyemi Naimot Dawodu In every democratic society, from the jurisprudential perspective, there are certain ideals that must be present one of which is social justice. These ideals are aspirations and the nearer a society is to these aspirations, the better the society is. In a country like Nigeria, pension is one of the social objectives in partial fulfillment of the ideals present in Chapter 2 of the 1999 Constitution of Nigeria (as amended 2011) and as such how this...

March 24, 2023

Articles, Pension Management2018, Nigeria, Pension Management, Pension Payout, Pension Reform

21MarMarch 21, 2023

France’s government survives no-confidence votes as pension reforms move ahead

Parliament adopted a divisive pension bill Monday raising the retirement age in France from 62 to 64, after lawmakers in the lower chamber rejected two no-confidence votes against the government. But the bill pushed through by President Emmanuel Macron without lawmakers' approval still faces a review by the Constitutional Council before it can be signed into law. The council has the power to reject articles within bills but usually approves them. The first no-confidence motion, proposed by a small centrist group...

March 21, 2023

News2023, France, Pension Reform, Retirement Age

17MarMarch 17, 2023

The Health-Consumption Effects of Increasing Retirement Age Late in the Game

By Eve Caroli, Catherine Pollak & Muriel Roger Using the differentiated increase in retirement age across cohorts introduced by the 2010 French pension reform, we estimate the health-consumption effects of a 4-month increase in retirement age. We focus on individuals who were close to retirement age but not retired yet by the time the reform was passed. Using administrative data on individual sick-leave claims and non-hospital health-care expenses, we show that the probability of having at least one sickness absence...

March 17, 2023

Articles, Pension design2023, Pension Reform, Retirement Age

17MarMarch 17, 2023

Swiss parliament backs pension overhaul but critics seek referendum

Parliament has approved an overhaul of the occupational pension scheme - a key element of Switzerland's social security system. However, voters are likely to have the final say on the issue as political parties on the left, possibly backed by the main farmer's organisation, have announced they will challenge the reform via a referendum. The legal amendment approved by parliament is intended to secure the level of the occupational pension, strengthen financing and improve the protection of part-time employees, notably women. At...

March 17, 2023

News2023, Occupational Pensions, Pension Reform, Switzerland

17MarMarch 17, 2023

Macron puts his government at risk with decision to raise the retirement age in France

French President Emmanuel Macron imposed a highly unpopular bill raising the retirement age from 62 to 64 on Thursday by shunning parliament and invoking a special constitutional power. Lawmakers were shouting, their voices shaking with emotion as Macron made the risky move, which is expected to trigger quick motions of no-confidence in his government. Riot police vans zoomed by outside the National Assembly, their sirens wailing. The proposed pension changes have prompted major strikes and protests across the country since January....

March 17, 2023

News2023, France, Pension Reform, Retirement Age

16MarMarch 16, 2023

Spain’s unions back government public pension reform

Spain's left-wing government won the backing of unions to reform the nation's public pension system on Wednesday, in stark contrast with neighboring France, where plans to raise the retirement age have led to waves of strikes and mass protests. The leaders of Spain’s two main labor unions, UGT and CC.OO., appeared alongside Minister of Social Security José Luis Escrivá in Madrid to christen the plan the union heads both deemed “historic.” CC.OO. secretary general Unai Sordo said that the reform would...

March 16, 2023

NewsPension Reform, Spain

13MarMarch 13, 2023

Spain, Commission agree to controversial pension reform

The government and the European Commission reached a last-minute agreement on a controversial pension system reform which paves the way for Madrid to receive the next tranches of the EU’s Next Generation funds. After months of work and tangible divergences between the two coalition partners, PSOE (S&D) and Unidas Podemos (EU Left), the government struck a deal on Friday, partially softening the coalition’s rift currently in. The reform, agreed with the European Commission, is part of the several milestones committed by...

March 13, 2023

NewsPension Reform, Spain

10MarMarch 10, 2023

French Senate votes to raise retirement age from 62 to 64 amid nationwide strikes

France's Senate voted Thursday to raise the retirement age by two years to 64, as the government moves to overhaul the country's pensions system in the face of strong opposition from labour unions. The conservative-dominated legislative body voted in favour of a decisive article to raise the age of retirement by 201 votes to 115. Debate will resume later on Thursday over a controversial amendment to the bill. The Senate majority is rushing to meet a deadline of midnight Sunday to finalise...

March 10, 2023

NewsFrance, Pension Reform, Retirement Age

March 2023