State Pensions Archives - Page 6 of 11 - Pension Policy International

02MarMarch 2, 2023

US. State pension fund officials are getting flown business class to Japan and taking ‘White Lotus’ style Italy trips on private equity’s dime

Two Michigan pension fund officials attended a 2018 Apax Partners event at the Four Seasons Hotel in Florence, Italy, that featured “custom tailored activities and itineraries,” including tours of the Tuscan countryside on vintage Vespa scooters and a gala dinner at the 17th Century Villa le Corti. The bill for the state: less than $200 for each official, according to public records obtained by Bloomberg. And Michigan is hardly alone in letting private equity firms foot most of the bill...

March 2, 2023

NewsState Pensions, US

24FebFebruary 24, 2023

Ireland. Majority expect to have to rely on the State pension when they retire

MOST workers expect to have to rely on the State pension when they retire. Some 57pc of workers say the State pension will be their main source of income. The State pension was cited as the expected main source of income on retirement for nearly six in ten workers with no pension coverage, Central Statistics Office research has found. The Government is planning to bring in an auto-enrolment pension scheme to supplement the State pension for thousands of workers who have no...

February 24, 2023

NewsAging, Ireland, State Pensions

05JanJanuary 5, 2023

France’s African ex-soldiers win last battle – over pensions

Some of the last survivors in France from a colonial-era infantry corps that recruited tens of thousands of African soldiers to fight in French wars around the world will be able to live out their final days with family members back in Africa after a French government U-turn on their pension rights. The decision to make claiming their pensions easier follows a years-long campaign on behalf of the “tirailleurs Sénégalais,” who were recruited to fight from Senegal and other former...

January 5, 2023

NewsFrance, State Pensions

03JanJanuary 3, 2023

Afghanistan. Retired officials stage protest over unpaid pensions

Many retired officials held a protest in the Afghan capital of Kabul over unpaid pensions on Monday, TOLOnews reported. The retired military personnel and civil officials from previous governments conducted the protest, claiming that they are facing many problems in the freezing winter as they have not been paid for the last 16 months. "There is nothing to heat our rooms. I pay 4,000 Afs for house rent and we are three families. I have my daughter in laws with me,...

January 3, 2023

NewsAfghanistan, State Pensions

26DecDecember 26, 2022

DWP confirms 2023 State Pension 10.1% rise with some eligible for more than £815 a month

State Pension pay rates are set to increase in the new year. Chancellor Jeremy Hunt's Autumn Statement protected the Triple Lock Rule once again. Anyone who receives Basic and New State Pension payments should expect to see their monthly income increase from April 2023. For the 12.5 million older people across the UK claiming the pension amount, this means an increase of 10.1% from spring next year, North Wales Live reports.. There are 10.1 million people currently receiving Basic State Pension...

December 26, 2022

NewsState Pensions, UK

22NovNovember 22, 2022

Romanian govt to hike pensions by 12.5% from January -ruling coalition

Romania's ruling coalition will hike state pensions by 12.5% from January and make cash payments to low-income pensioners throughout the year to help the country's most vulnerable cope with surging inflation, party leaders said late on Monday. The cash payments will vary in size for pensions under 3,000 lei ($622.55) per month, the leaders of the three governing coalition parties agreed. In addition, pensioners with under 1700 lei per month will receive social vouchers worth 250 lei every two months, a...

November 22, 2022

NewsRomania, State Pensions

21NovNovember 21, 2022

India. Government pension funds need more lucrative investment avenues to quell controversy between old and new schemes

By Gautam Mukherjee When the Vajpayee administration introduced the new pension system (NPS) for Central and other government employees commencing on 1 January 2004, the motivation was to ensure long-term viability. It is mandatory for the Central government employees and a few other entities. Much greater longevity had complicated the calculations on the old pension system (OPS). The threat of a bankrupt state defaulting on pensions, such as West Bengal, Kerala or Punjab today, was already beginning to loom large in...

November 21, 2022

News2022, India, Investment, Pension Management, State Pensions

16NovNovember 16, 2022

68% of Brits back pension triple lock

‘Attacking’ it would be a ‘seriously high-risk and deeply unpopular move’ More than two-thirds of UK adults support an inflation-matching increase in the state pension next year, AJ Bell research has found. Of the 4,000 Brits asked if they backed increasing the state pension in line with wage growth, inflation, or not at all, the overwhelming majority (86%) felt the state pension should increase next year. Most (68%) said they backed an inflation-linked increase, while a further 18% said it should be...

November 16, 2022

NewsIncome, State Pensions, UK

15NovNovember 15, 2022

UK. Sunak gives strongest hint he will protect pensions triple lock

PM, also under pressure to raise benefits and public sector pay with inflation, claims ‘compassion’ will be at heart of autumn statement Rishi Sunak has given his strongest hint the government will protect the triple lock on pensions, saying pensioners “will always be at the forefront of my mind”. The rule, which applies to UK state pensions, means pensions must rise each year in line with the highest of three possible figures: inflation, average earnings, or 2.5%. Sunak is likely to face...

November 15, 2022

NewsState Pensions, UK

10NovNovember 10, 2022

US. Here’s why you should be worried about state and local pensions

Public pensions may be facing a massive fiscal shortfall, according to two economics professors Right now, across America, about 26 million people are relying on state and local pension plans to take care of them in their retirement years. That figure includes 15 million retired teachers, police officers, firefighters and other public sector workers, and another 11 million who are still working. On the other side of the leger all the taxpayers— 330 million of us, give or take —who are...

November 10, 2022

NewsFunding, State Pensions, US

March 2023

US. State pension fund officials are getting flown business class to Japan and taking ‘White Lotus’ style Italy trips on private equity’s dime

February 2023

Ireland. Majority expect to have to rely on the State pension when they retire

January 2023

France’s African ex-soldiers win last battle – over pensions

Afghanistan. Retired officials stage protest over unpaid pensions

December 2022

DWP confirms 2023 State Pension 10.1% rise with some eligible for more than £815 a month

November 2022

Romanian govt to hike pensions by 12.5% from January -ruling coalition

India. Government pension funds need more lucrative investment avenues to quell controversy between old and new schemes

68% of Brits back pension triple lock

UK. Sunak gives strongest hint he will protect pensions triple lock

US. Here’s why you should be worried about state and local pensions