Tag #Pension Reform

Showing 109 to 120 of 218 results

nrc.nl

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Apr 17, 22:11

Dutch Minister Rejects Pension Proposal Amidst Sectoral Concerns

Minister Eddy van Hijum rejected a pension proposal by the NSC, BBB, and PVV parties to allow employee and retiree votes on transferring existing pension funds to a new system, citing concerns about implementation, delays, and financial implications raised by pension funds, regulators, and labor org...

Dutch Minister Rejects Pension Proposal Amidst Sectoral Concerns

Minister Eddy van Hijum rejected a pension proposal by the NSC, BBB, and PVV parties to allow employee and retiree votes on transferring existing pension funds to a new system, citing concerns about implementation, delays, and financial implications raised by pension funds, regulators, and labor org...

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What are the potential long-term political and legislative ramifications of this rejection?

The rejection creates a political impasse. While the proposal enjoys likely support in the lower house, it faces an uncertain future in the upper house, which may be forced to either reject the entire related bill or return it to the lower house for reconsideration. Van Hijum may need to find an alternative method to grant the requested pension transition extension.

nos.nl

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Apr 11, 19:17

Dutch Pension Reform Delayed by Leaks and Political Opposition

Dutch Minister Van Hijum reported a leak of internal documents criticizing a plan for pension referenda, causing significant political tension and potential delays to the already-approved pension system transition, now also opposed by three governing parties.

Dutch Pension Reform Delayed by Leaks and Political Opposition

Dutch Minister Van Hijum reported a leak of internal documents criticizing a plan for pension referenda, causing significant political tension and potential delays to the already-approved pension system transition, now also opposed by three governing parties.

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What is the immediate impact of the leaked document on the implementation of the new Dutch pension system?

Minister Van Hijum of the Dutch Ministry of Social Affairs and Employment (NSC) reported a leak of internal documents criticizing a proposal by his party (NSC) and BBB for pension system referenda. The leaked document, published by De Telegraaf, prompted a headline accusing the minister of undermining his own party's plan. Van Hijum expressed anger over the leak, emphasizing the importance of open internal discussion.",

mk.ru

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Apr 1, 07:18

Russian Duma Official Calls for Pension Indexation Reform Based on Senior Spending

Duma Committee Chairman Sergey Gavrilov criticized Russia's current pension indexation system for being inadequate, proposing to tie it to a revised consumer basket reflecting actual senior spending, citing discrepancies between inflation and the cost of essential goods for pensioners.

Russian Duma Official Calls for Pension Indexation Reform Based on Senior Spending

Duma Committee Chairman Sergey Gavrilov criticized Russia's current pension indexation system for being inadequate, proposing to tie it to a revised consumer basket reflecting actual senior spending, citing discrepancies between inflation and the cost of essential goods for pensioners.

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What are the main concerns regarding the current pension indexation system in Russia, and how does it fail to meet the needs of senior citizens?

Sergey Gavrilov, a Duma committee chairman, advocates for pension indexation based on actual senior spending, not just inflation. He proposes linking it to a pensioners' consumer basket, citing current indexation as ineffective and failing to reflect real needs.

bbc.com

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Apr 1, 10:17

Ukraine Announces April 2025 Changes to Pensions, Sick Leave, and Medicine Prices

Ukraine will implement several changes in April 2025: pension recalculations for specific working pensioners starting April 1st (payments in June), new sick leave rules from April 4th, mandatory electronic military medical commission decisions from April 1st, and a planned reduction in medicine pric...

Ukraine Announces April 2025 Changes to Pensions, Sick Leave, and Medicine Prices

Ukraine will implement several changes in April 2025: pension recalculations for specific working pensioners starting April 1st (payments in June), new sick leave rules from April 4th, mandatory electronic military medical commission decisions from April 1st, and a planned reduction in medicine pric...

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What are the immediate impacts of the April 2025 changes to pensions and sick leave payments in Ukraine?

In April 2025, Ukrainian pensioners who worked for at least 24 months between March 1, 2023 and March 1, 2025 will receive automatic pension recalculations. Additionally, new rules for calculating sick leave payments and mandatory electronic medical board decisions will be implemented. Pensions will be recalculated starting April 1st, but payments with backdated amounts will likely arrive in June.

elpais.com

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Mar 31, 19:14

Spain's Pension System Passes Initial Sustainability Review

Spain's Fiscal Authority (Airef) reported that the pension system's income is sufficient, requiring no further adjustments, based on positive employment data (21 million contributors, 12% drop in temporary work) and the 2021-2023 pension reforms; however, long-term sustainability beyond 2050 remains...

Spain's Pension System Passes Initial Sustainability Review

Spain's Fiscal Authority (Airef) reported that the pension system's income is sufficient, requiring no further adjustments, based on positive employment data (21 million contributors, 12% drop in temporary work) and the 2021-2023 pension reforms; however, long-term sustainability beyond 2050 remains...

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What is the immediate impact of the Airef's report on Spain's pension system?

Spain's pension system passed its first sustainability review, showing no need for additional adjustments, according to the country's Fiscal Authority (Airef). The report highlights a projected net pension expenditure of 13.2% of GDP between 2022 and 2050, below the threshold. This positive assessment is based on the current reforms and strong employment data, including 21 million social security contributors and a 12% decrease in temporary contracts.

zeit.de

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Mar 28, 07:13

Germany's Coalition Talks: Key Disagreements Remain

Coalition talks between Germany's Union and SPD parties are entering a decisive phase, focusing on taxation, migration, pensions, and the future of combustion engine vehicles; disagreements remain on several key issues, with a potential cabinet swearing-in planned for early May.

Germany's Coalition Talks: Key Disagreements Remain

Coalition talks between Germany's Union and SPD parties are entering a decisive phase, focusing on taxation, migration, pensions, and the future of combustion engine vehicles; disagreements remain on several key issues, with a potential cabinet swearing-in planned for early May.

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What are the main sticking points in the coalition negotiations between the Union and SPD, and what are their immediate implications for German policy?

Following the German federal election, Union and SPD are in crucial coalition talks. A 19-member negotiating group, led by the four party leaders, will address disagreements on issues like taxation, migration, pensions, and the future of combustion engine cars. The goal is to finalize the negotiations by Easter, with a new cabinet potentially sworn in early May.

zeit.de

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Apr 13, 10:08

German Coalition's Pension Plan: Maintaining 48% Level at a Cost

Germany's new coalition government plans to maintain the pension level at 48 percent until 2031, introducing new initiatives like an early start pension and an active pension, and improving mothers' pensions, though this will likely result in increased contribution rates and requires billions in ann...

German Coalition's Pension Plan: Maintaining 48% Level at a Cost

Germany's new coalition government plans to maintain the pension level at 48 percent until 2031, introducing new initiatives like an early start pension and an active pension, and improving mothers' pensions, though this will likely result in increased contribution rates and requires billions in ann...

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How will the planned improvements to the "Mütterrente" (mothers' pension) affect the overall cost of the pension system?

Maintaining the 48 percent pension level requires substantial government funding, estimated to cost billions annually. This will be covered by tax revenue, but will likely lead to higher social security contribution rates for both employers and employees. The plan faces criticism for its long-term financial sustainability and its failure to address the underlying demographic challenges of an aging population.

forbes.com

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Apr 9, 19:20

The Shift of Retirement Responsibility and the Current Crisis

In 1975, General Battery stopped funding its pension plan due to economic hardship, a decision that shifted retirement savings responsibility to employees and contributed to the current retirement crisis, marked by widespread guilt and self-blame among retirees.

The Shift of Retirement Responsibility and the Current Crisis

In 1975, General Battery stopped funding its pension plan due to economic hardship, a decision that shifted retirement savings responsibility to employees and contributed to the current retirement crisis, marked by widespread guilt and self-blame among retirees.

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How did the introduction of 401(k) plans, in conjunction with the elimination of employer-sponsored pensions, affect the financial security of American workers?

The decision to halt pension funding was driven by immediate financial pressures and a lack of understanding regarding the implications of ERISA, which did not mandate employer-sponsored pension plans. This shift coincided with the introduction of 401(k) plans, which placed the responsibility of retirement savings on individual employees.

pda.kp.ru

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Apr 1, 07:18

Russia Proposes Pension Indexation Reform Based on Real Spending

The Russian State Duma proposes reforming pension indexation, shifting from overall inflation to pensioners' actual spending on necessities like food and medicine, addressing the current system's failure to reflect the reality of rising living costs for seniors, exemplified by a 22% increase in esse...

Russia Proposes Pension Indexation Reform Based on Real Spending

The Russian State Duma proposes reforming pension indexation, shifting from overall inflation to pensioners' actual spending on necessities like food and medicine, addressing the current system's failure to reflect the reality of rising living costs for seniors, exemplified by a 22% increase in esse...

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What is the proposed reform to Russia's pension indexation system, and what are its immediate implications for pensioners?

The Russian State Duma is proposing pension indexation reform, shifting from general inflation to actual senior citizen spending on essential goods. Currently, rising prices for food and medicine outpace pension increases, thus decreasing the elderly's living standards. This is according to Sergey Gavrilov, head of the State Duma's Committee on Property, Land, and Property Relations.

elpais.com

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Mar 31, 07:15

Spain Alters Pension System, Allowing for Flexible Retirement Options

Spain's new pension reform, effective April 1st, 2024, modifies active, deferred, and partial retirement options, relaxing requirements for combining work and pension payments, and increasing incentives for delayed retirement.

Spain Alters Pension System, Allowing for Flexible Retirement Options

Spain's new pension reform, effective April 1st, 2024, modifies active, deferred, and partial retirement options, relaxing requirements for combining work and pension payments, and increasing incentives for delayed retirement.

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How does the reform modify the incentives for delayed retirement and their compatibility with other retirement options?

The reform eliminates the prior need for a full work history to access active retirement, allowing those with shorter careers to participate. It also makes incentives for delayed retirement compatible with active retirement, offering workers a dual benefit.

edition.cnn.com

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Mar 30, 01:17

Argentina's Pension Moratorium Cancellation Jeopardizes Retirement for Thousands

Nilda Rivadeneira, a 59-year-old Argentine woman, risks losing her pension due to the government's termination of a payment plan for those with less than 30 years of formal contributions; this impacts many women due to high informality rates in sectors like domestic work.

Argentina's Pension Moratorium Cancellation Jeopardizes Retirement for Thousands

Nilda Rivadeneira, a 59-year-old Argentine woman, risks losing her pension due to the government's termination of a payment plan for those with less than 30 years of formal contributions; this impacts many women due to high informality rates in sectors like domestic work.

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How will the termination of Argentina's pension moratorium impact vulnerable workers, particularly women, and what immediate financial consequences are they facing?

Nilda Rivadeneira, a 59-year-old Argentine woman, faces losing her pension due to insufficient formal work contributions, despite working for many years. This is because the government ended a payment plan that allowed those with less than 30 years of contributions to pay in installments. She needs over \$5,000 to qualify, an impossible sum for her.

elmundo.es

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Mar 26, 04:12

Spain's Record Pension Bill Strains Social Security

Spain's March pension spending hit a record €13.5 billion, up 50% since 2018, due to inflation adjustments, higher new retiree salaries, and the baby boomer generation entering the system; this strains Social Security and necessitates adjustments under a closure clause to stay under 15% of GDP by 20...

Spain's Record Pension Bill Strains Social Security

Spain's March pension spending hit a record €13.5 billion, up 50% since 2018, due to inflation adjustments, higher new retiree salaries, and the baby boomer generation entering the system; this strains Social Security and necessitates adjustments under a closure clause to stay under 15% of GDP by 20...

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How do increased social security contributions and changes to retirement incentives aim to address the rising pension costs?

The rising pension costs are a key factor in the upcoming AIReF report, which will assess the sustainability of Spain's pension system reform. The reform, implemented to comply with EU requirements, includes a 'closure clause' limiting pension spending to 15% of GDP by 2050 and requiring additional revenue of 1.7% of GDP. Current spending trends suggest this target might be difficult to meet.

Showing 109 to 120 of 218 results