July 2025
21Jul

Nigeria. IG orders security as retired cops plan pension protests

Retired police officers have reaffirmed their commitment to embark on a nationwide protest today, July 21, 2025, insisting that their action is devoid of any political agenda and solely focused on pressing for their exit from the pension scheme. The development comes as the Inspector-General of Police, Kayode Egbetokun, pledged to provide security coverage for the retirees and ensure the protest remains peaceful. He warned against any attempts by political actors or miscreants to hijack the demonstration. Speaking ahead of what they...

July 21, 2025
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May 2025
19May

UK. State pensioners must obey DWP holiday rule or face ‘being taken to court’

State pensioners are being warned to obey a little-known Department for Work and Pensions ( DWP ) rule if they're heading out on holiday this year. Pension Credit claimants may not realise they need to inform the DWP if they plan to holiday outside mainland UK for any duration this year. A question in the DWP FAQ online asks: "Can I leave Great Britain and keep getting Pension Credit?" The DWP states: "We may pay Pension Credit for up to 4 weeks while...

May 19, 2025
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April 2025
25Apr

UK. Bill for underpaid state pensions set to hit £1 billion

New figures from DWP suggest that the total amount of state pension arrears to be paid out by the Government because of multiple errors is set to pass the £1 billion mark this year. Following the government's plans to consolidate small pension pots, it has also published the latest update of how much has been underpaid in state pensions to date. There are two separate correction exercises currently underway. The initial correction exercise which started in January 2021 and is nearing conclusion relates...

April 25, 2025
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March 2025
20Mar

UK. DWP State Pension age to rise next year for thousands

The State Pension age will be rising from next year, the age is currently 66 for both men and women. It will gradually increase to 67 between 2026 and 2028 for those born after April 1960. The transition process is then expected to be completed for everyone by March 2028. The planned change to the official age of retirement has been in legislation since 2014, with a further rise from 67 to 68, which is set to be implemented between...

March 20, 2025
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14Mar

Argentina: Pensioners and soccer fans unite in protests

Argentine pensioners and soccer fans clashed with police on Wednesday as a protest unfolded in front of Congress, with citizens rallying against the economic policies brought in by the government of President Javier Milei. It was an unlikely mix with retirees gathered in Buenos Aires flanked by soccer fans from teams normally at odds with one another. What started as a peaceful event escalated into violent clashes as police fired water cannons, tear gas and pellets while protesters threw stones. The crowd...

March 14, 2025
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February 2025
04Feb

UK. £35 million added to State Pension pots

Only two months left to boost State Pension by filling gaps in National Insurance records from 2006 onwards Since the launch of the digital service last April, 37,000 people have topped up more than 68,000 years, worth £35 million People wanting to maximise their State Pension by plugging gaps in their National Insurance record have contributed to a total of 68,673 years, worth £35 million, using the online service since April last year HM Revenue and Customs (HMRC) has...

February 4, 2025
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September 2024
27Sep

State pension programs feel the strain of aging populations

In a nutshell Aging populations mean more retirees, pressuring state budgets State-funded pensions are likely to expand into basic-income schemes A rise in productivity is the only cure; but it remains elusive Politicians do not pay much attention to demography. Given their electoral horizons, this is hardly surprising. The so-called demographic crisis and its consequences unfold over decades, while in most countries elections of some sort take place at least every two years. Little heed is paid to whether, in...

September 27, 2024
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17Sep

US. State pension funds significantly beat expected investment returns

The Kentucky Public Pensions Authority (KPPA) announced the average composite return for assets under management was 10.7% for the fiscal year ended June 30, 2024, while insurance trust assets under management earned 11.4%.  All pension and insurance portfolios returned significantly more than their actuarial assumed rates of return, which are 6.5% for all County Employees Retirement System (CERS) pension and insurance portfolios and the Kentucky Employees Retirement System (KERS) and State Police Retirement System (SPRS) insurance trusts, 6.25% for the KERS Hazardous...

September 17, 2024
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05Sep

UK. State pension to rise by over £400 next year

The Treasury expects the new full state pension to be boosted above inflation by more than £400 a year in cash terms. The internal working calculations seen by the BBC reflect the near certainty that the state pension will be increased by average earnings figures released next week. This is due to the triple lock, which means the state pension increases every April by whatever number is highest out of inflation, the average UK wage increase, or 2.5%. The news comes as...

September 5, 2024
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August 2024
27Aug

US. How Are Employees Responding to State-Run Retirement Plans?

Practice Management State-run auto-IRA plans affect private-sector employers but are most of all intended to benefit their employees. How are those employees responding to them? Overall Positive Effects There is research indicating that these plans, in which employers are required register if they do not already offer retirement coverage to their employees, have a variety of positive effects. A number of researchers report that state auto-IRA programs increase coverage by serving as a catalyst to private-sector employers to establish plans of their own. In the...

August 27, 2024
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