Pension Reform Archives - Page 25 of 47 - Pension Policy International

25JanJanuary 25, 2023

Plans to raise retirement age in Lithuania

This month Lithuanian society is left shaken after spreading the news about the increasing of the retirement age. In Lithuania, the retirement age has increased every year since 2012 and by 2026 it will be 65 years. Previously, discussion surfaced on whether raising the retirement age to 72 would help offset Lithuania’s ageing population issues. As Lithuania’s demographic situation continues to worsen, the European Commission estimates that the number of working-age people capable of supporting pensioners will go down in...

January 25, 2023

NewsLithuania, Pension Reform, Retirement Age

24JanJanuary 24, 2023

France to move ahead on pension reform despite protests

The French government on Monday said it would move forward with a pension reform plan that has been met with fierce opposition from unions, left-wing parties, and the general public. The plan envisages raising the retirement age gradually from 62 to 64 by 2030, and increasing the number of years needed to pay into the system to obtain a full pension from 42 to 43. All people in retirement in France receive a state pension — currently around €1,400 ($1,500) per...

January 24, 2023

NewsFrance, Pension Reform

20JanJanuary 20, 2023

More than 1m march in France amid strikes over plan to raise retirement age

More than 1 million people have taken part in demonstrations across France as transport, schools and refineries were hit by strikes in protest at Emmanuel Macron’s unpopular plans to raise the retirement age by two years to 64. The interior ministry said 1.12 million people protested nationwide on Thursday, with 80,000 taking part in the biggest rally in Paris. Trade unions said the figure was even higher. Police made arrests on the edges of the march in central Paris amid clashes...

January 20, 2023

NewsFrance, Pension Reform

19JanJanuary 19, 2023

France comes to standstill in strike over pension reform

Trains ground to a halt in France on Thursday, schools were shut and refinery shipments blocked as workers walked off their jobs in an attempt to derail the government’s plans to raise the retirement age by two years to 64. The nationwide day of strikes and protests is a major test for President Emmanuel Macron, who says his flagship reform, which opinion polls show is very unpopular, is vital to ensure the pension system does not go bankrupt. The challenge for...

January 19, 2023

NewsFrance, Pension Reform

19JanJanuary 19, 2023

Colombia. A fight is open to raise the retirement age in the pension reform

It is expected that this year the Government will present several of the reforms with which it is intended to carry out the road map of President Gustavo Petro. In addition to labor, health and justice, one of the ones that most generates expectations is the pension reform. In the last few hours, a discussion on the pension issue broke out again. This time due to the statements made by Minister José Antonio Ocampo to the regional media, in which...

January 19, 2023

NewsColombia, Pension Reform, Retirement Age

11JanJanuary 11, 2023

France unveils plan to raise retirement age by two years to 64

France's government has proposed raising the legal retirement age from 62 to 64 by 2030 in a major reform to the pension system. PM Elisabeth Borne said the changes were necessary to prevent a major deficit in the system in the future. Reforming pensions was one of President Emmanuel Macron's main promises when he was first elected in 2017. But the details immediately triggered an angry response from the unions, with plans for strikes on 19 January. Ms Borne's handling of an explosive...

January 11, 2023

NewsFrance, Pension Reform, Retirement Age

10JanJanuary 10, 2023

The 30-year battle to reform France’s pension system

President Emmanuel Macron plans Tuesday to defy threats of mass protests in launching yet another bid to reform France’s debt-ridden pension system by forcing the French to work longer. In 2019, his attempt to replace dozens of separate regimes with a single points-based system and to push back the age for a full pension from 62 to 64 sparked the longest transport strike in decades. AFP looks back at the 30-year battle by various French governments of the left and right...

January 10, 2023

NewsFrance, Pension Reform

09JanJanuary 9, 2023

France. Macron’s Pension Reform May Get Nod From Opposition Republicans

French President Emmanuel Macron’s plan to increase the retirement age to preserve the financial balance of the national pension system may get the backing of the Republican opposition party, its leader Eric Ciotti said. An overhaul that would progressively raise the retirement age from 62 currently to 64 in 2032 may be acceptable, the president of the conservative party said in an interview published Sunday in Le Journal du Dimanche. Raising the smallest minimum pensions will be key to clinching...

January 9, 2023

NewsFrance, Pension Reform

06JanJanuary 6, 2023

The Effect of Pension Wealth on Employment

By Sebastian Becker, Hermann Buslei, Johannes Geyer & Peter Haan This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit tax rate of employment. We use a difference-in-differences estimator based on administrative data from the German pension insurance and find that, on average, the negative employment effect of pension wealth is significant and economically...

January 6, 2023

Articles, Pension design2022, Gender Gap, Labor Market, Pension Reform

06JanJanuary 6, 2023

German Employers’ Associations call on government to act on pension reforms

The Confederation of German Employers’ Associations (BDA) is pressing the government to proceed swiftly towards reforming the country’s pension system this year, knocking down incentives to retire early. BDA president Rainer Dulger said that “2023 must be a year of action. Germany needs real and sustainable reforms. Now is the time to put the necessary reforms into practice, without any mental restrictions”. He also addressed labour market figures published on 3 January. According to the figures published by the federal employment...

January 6, 2023

NewsGermany, Pension Reform, Retirement Age

January 2023