Pension Reform Archives - Page 27 of 47 - Pension Policy International

03NovNovember 3, 2022

State and Local Pensions: What Now?

By Alicia H. Munnell In the wake of the financial crisis and Great Recession, the health of state and local pension plans has emerged as a front burner policy issue. Elected officials, academic experts, and the media alike have pointed to funding shortfalls with alarm, expressing concern that pension promises are unsustainable or will squeeze out other pressing government priorities. A few local governments have even filed for bankruptcy, with pensions cited as a major cause. Alicia H. Munnell draws on...

November 3, 2022

Books, Books, System Characterization, System SustainabilityPension Reform, Public Pensions, US

18OctOctober 18, 2022

Swiss parliament committee votes for compensatory measures to reform second pillar pensions

The social security and health committee of the Council of States (SGK-S), the upper house of the Swiss parliament, voted in favour of a proposal to change the second pillar pension system at its meeting last Friday. After in-depth analysis, and disagreements before the summer break, the committee has supported the idea to compensate the first 15 cohorts retiring after the reform enters into force for the reduction of the conversion rate – Umwandlugssatz – used to calculate pension pay-outs,...

October 18, 2022

NewsPension Reform, Switzerland

30SepSeptember 30, 2022

Macron faces strike as French unions flex muscles

A nationwide strike on Thursday disrupted the French energy sector, taking a large chunk of the nuclear production offline, as workers push for a pay hike amid rising tensions between unions and the government over a planned pensions reform. "Thousands of workers are on strike today," said Philippe Martinez, chief of the hard-left CGT union as he attended a protest march in Paris along with several thousand people, many of them waving red labour union flags. "This is a message to...

September 30, 2022

NewsFrance, Pension Reform

26SepSeptember 26, 2022

French PM warns retirement reform may be forced through parliament without vote

French Prime Minister Elisabeth Borne says a decision will be taken later this week on the parliamentary method to be used to advance contested government plans to reform retirement and pension legislation. Borne does not exclude the use of the constitutional clause known as 49.3, which allows the adoption of legislation without a vote in the National Assembly. What is certain is that the reform will be discussed at Monday's cabinet meeting. The government knows that the parliamentary debate on the divisive...

September 26, 2022

NewsFrance, Pension Reform

26SepSeptember 26, 2022

Swiss voters support increase in women’s retirement age

Swiss have voted in favor of the proposal by a narrow margin in a referendum. Another proposal, on imposing stricter regulations on livestock farming, failed to pass. Swiss voters accepted the government's pension reform plan by a narrow margin on Sunday. The plan would raise the retirement age for women from 64 to 65, brining it in line with the age for men. Read also Sustainable finance policy a ‘blind spot’ for European pension funds A concurrent vote on imposing stricter regulations in...

September 26, 2022

NewsPension Reform, Retirement Age, Switzerland

22SepSeptember 22, 2022

Women at the heart of Swiss pension reform vote

Switzerland votes Sunday on a divisive pension reform plan the government says is vital to safeguard benefits, including a controversial push to raise the retirement age for women. After two previous attempts in 2004 and 2017, Bern is hoping it can finally garner enough votes for its bid to "stabilise" Switzerland's old age security system, at risk of being submerged by the giant baby boomer generation reaching retirement age as life expectancy rises. One tool for raising more income for the...

September 22, 2022

NewsGender Gap, Pension Reform, Switzerland

19SepSeptember 19, 2022

France’s far right to oppose Macron’s pension reform, Le Pen warns

French far-right Rassemblement National leader Marine Le Pen said on Sunday that her party will vote against President Emmanuel Macron's pension reforms and against the 2023 budget. "We will oppose Emmanuel Macron's pension reform plans that are unfair and will divide (the country)," Le Pen told a party meeting in Cap d'Agde in southern France. Macron wants to start implementing the reforms, which mainly consist of a progressive rise to 65 of the legal retirement age, next summer. France's far right scored...

September 19, 2022

NewsFrance, Pension Reform

13SepSeptember 13, 2022

Bolivia begins the transition to its new state pension system

The Bolivian Government began the transition to its new state pension system with the announcement of the activities of the Public Manager, a nationalization process that had been announced twelve years ago and that began this Friday with registration of new contributors. The President of Bolivia, Luis Arce, together with the Minister of Economy, Marcelo Montenegro, made official the partial start of the activities of the Public Manager in the administration of the Contributory and Semi-contributory Regimes of the Comprehensive...

September 13, 2022

NewsBolivia, Pension Reform

13SepSeptember 13, 2022

French retirement spending threatens deficit targets, pension panel says

France's public spending on pensions as currently planned threatens President Emmanuel Macron's deficit-reduction targets, an independent retirement system panel said in a report to be released later this week. Macron's government aims to reduce the public sector budget deficit to below a European Union ceiling of 3% of economic output in 2027 from 5% this year. To reach that target, Finance Minister Bruno Le Maire aims to keep annual real public spending growth over the period to 0.6% on average, which...

September 13, 2022

NewsFrance, Pension Reform

09SepSeptember 9, 2022

France’s biggest union warns Macron: Reforming pensions now would ‘set France on fire’

France’s biggest union has warned President Emmanuel Macron that reforming pensions at a time of high inflation and economic woes would “set France on fire.” In an interview with RTL radio on Thursday, Laurent Berger, the president of the French Democratic Confederation of Labour (CFDT), said the French people “are in a very tense moment, with a lot of anxiety.” “I tell the government and will also tell the president: To start pushing back the legal retirement age in a vertical...

September 9, 2022

NewsFrance, Pension Reform, Retirement Age

November 2022

State and Local Pensions: What Now?

October 2022

Swiss parliament committee votes for compensatory measures to reform second pillar pensions

September 2022

Macron faces strike as French unions flex muscles

French PM warns retirement reform may be forced through parliament without vote

Swiss voters support increase in women’s retirement age

Women at the heart of Swiss pension reform vote

France’s far right to oppose Macron’s pension reform, Le Pen warns

Bolivia begins the transition to its new state pension system

French retirement spending threatens deficit targets, pension panel says

France’s biggest union warns Macron: Reforming pensions now would ‘set France on fire’