Tag #Retirees

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nrc.nl

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Sep 13, 22:18

Dutch Retired Notaries Sue Pension Fund Over Inadequate Contributions

Retired Dutch notaries are suing their pension fund, the Royal Notarial Professional Organisation, and a trade union, alleging insufficient contributions over the past decade have resulted in a halving of their pensions.

Dutch Retired Notaries Sue Pension Fund Over Inadequate Contributions

Retired Dutch notaries are suing their pension fund, the Royal Notarial Professional Organisation, and a trade union, alleging insufficient contributions over the past decade have resulted in a halving of their pensions.

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What is the central claim of the retired notaries in their lawsuit against the pension fund?

Retired Dutch notaries claim that the current and past employees of the notarial profession have been paying insufficient pension contributions for the last 10 years, leading to a 50% reduction in their pension value due to underfunding. They argue this underfunding failed to account for inflation and resulted in inadequate reserves.

t24.com.tr

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Aug 16, 19:16

Economic Hardship Drives Turkish Retirees Away from AKP

During a visit to a senior center in Kırşehir, CHP leader Özgür Özel discussed the rising cost of living and economic hardship faced by Turkish retirees, many of whom are former AKP supporters and now plan to change their voting preference; he highlighted a significant decrease in the purchasing pow...

Economic Hardship Drives Turkish Retirees Away from AKP

During a visit to a senior center in Kırşehir, CHP leader Özgür Özel discussed the rising cost of living and economic hardship faced by Turkish retirees, many of whom are former AKP supporters and now plan to change their voting preference; he highlighted a significant decrease in the purchasing pow...

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What are the primary economic concerns driving voters in Turkey away from the ruling AKP party?

A 20-year AKP member stated they can no longer afford basic necessities due to economic hardship, despite paying taxes for many years. This retiree, along with others, criticized the government's inaction regarding environmental issues and high living costs, publicly stating they will not vote for AKP in the upcoming elections.

bbc.com

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May 4, 07:15

China's 'Silver Hair Trains': Countering Tariffs Through Domestic Consumption"

To counter US tariffs, China is promoting domestic consumption, particularly among its 310 million+ retirees (22% of the population), using initiatives like 'Silver Hair Trains' for domestic tourism, boosting local economies in less-developed regions while providing retirees with leisure opportuniti...

China's 'Silver Hair Trains': Countering Tariffs Through Domestic Consumption"

To counter US tariffs, China is promoting domestic consumption, particularly among its 310 million+ retirees (22% of the population), using initiatives like 'Silver Hair Trains' for domestic tourism, boosting local economies in less-developed regions while providing retirees with leisure opportuniti...

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How is China mitigating the economic impact of US tariffs, and what specific strategies are being implemented to stimulate domestic consumption?

China is countering US tariffs by boosting domestic consumption, particularly among its large retiree population, who are encouraged to spend their savings on domestic tourism and goods. This strategy aims to offset reduced export revenue and stimulate the economy.

smh.com.au

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Mar 28, 22:10

Australian Budget Neglects Retirees Amidst Family-Focused Spending

The 2023 Australian budget offered limited benefits to retirees and pre-retirees, focusing instead on families and younger workers, despite older Australians comprising over 50% of voters; key measures include a deeming rate freeze benefiting 450,000 pensioners and a short-term fuel excise cut.

Australian Budget Neglects Retirees Amidst Family-Focused Spending

The 2023 Australian budget offered limited benefits to retirees and pre-retirees, focusing instead on families and younger workers, despite older Australians comprising over 50% of voters; key measures include a deeming rate freeze benefiting 450,000 pensioners and a short-term fuel excise cut.

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What are the budget's most significant impacts on older Australians, and how do these compare to support for other demographics?

The Australian 2023 budget prioritized families and younger workers, leaving older Australians with minimal benefits despite comprising over 50% of voters. While tax cuts were announced, most retirees won't benefit due to existing tax exemptions and thresholds. A deeming rate freeze offers a small win for some pensioners, impacting around 450,000 individuals.

elmundo.es

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Mar 13, 01:15

Argentine Soccer Hooligans Join Protest Against President Milei's Pension Cuts

In Buenos Aires, rival Argentine soccer hooligans joined Kirchnerist and leftist groups in a protest against President Javier Milei's policies impacting retirees, resulting in 31 arrests, burned police cars, and clashes with police; retirees receive around €200 monthly.

Argentine Soccer Hooligans Join Protest Against President Milei's Pension Cuts

In Buenos Aires, rival Argentine soccer hooligans joined Kirchnerist and leftist groups in a protest against President Javier Milei's policies impacting retirees, resulting in 31 arrests, burned police cars, and clashes with police; retirees receive around €200 monthly.

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What were the immediate consequences of the protest in Buenos Aires regarding arrests and property damage, and what is the average monthly income of retirees in Argentina?

In Buenos Aires, Argentina, rival soccer hooligans united in a protest alongside Kirchnerist and leftist groups against President Javier Milei's policies impacting retirees. The demonstration, marked by clashes with police, resulted in 31 arrests and significant property damage, including burned police cars. Retirees receive around €200 monthly, a pittance in Argentina's current economic climate.", A2="The protest highlights Argentina's deep social and political divisions, with economic hardship fueling unrest. The participation of soccer hooligans underscores the volatile nature of public demonstrations and the government's struggle to maintain order. Senator Martín Lousteau points out that pension cuts account for 20% of President Milei's deficit reduction plan, directly impacting retirees' already meager income.", A3="The incident foreshadows potential for increased social unrest in Argentina as economic conditions worsen under President Milei. The unusual alliance of opposing soccer groups reflects the depth of public discontent, suggesting future protests might escalate in scale and intensity. The government's heavy-handed response, while aiming to restore order, may inadvertently further inflame tensions.", Q1="What were the immediate consequences of the protest in Buenos Aires regarding arrests and property damage, and what is the average monthly income of retirees in Argentina?", Q2="How did the participation of rival soccer hooligans impact the nature and scale of the protest, and what role did the government's response play in escalating or de-escalating the situation?", Q3="Considering Argentina's history of social and political unrest, what are the long-term implications of this protest and what strategies could the government adopt to mitigate potential future conflicts?", ShortDescription="In Buenos Aires, rival Argentine soccer hooligans joined Kirchnerist and leftist groups in a protest against President Javier Milei's policies impacting retirees, resulting in 31 arrests, burned police cars, and clashes with police; retirees receive around €200 monthly.", ShortTitle="Argentine Soccer Hooligans Join Protest Against President Milei's Pension Cuts"))

t24.com.tr

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Jan 6, 16:11

Insufficient Pension Increase in Turkey Amidst High Inflation

Turkey's insufficient 15.75% pension increase amid 44.38% inflation, highlighting the plight of 16 million retirees struggling with poverty and hunger, despite President Erdoğan's declaration of 2024 as "the year of retirees.

Insufficient Pension Increase in Turkey Amidst High Inflation

Turkey's insufficient 15.75% pension increase amid 44.38% inflation, highlighting the plight of 16 million retirees struggling with poverty and hunger, despite President Erdoğan's declaration of 2024 as "the year of retirees.

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What are the immediate consequences of the insufficient pension increase in Turkey for millions of retirees given the high inflation rate?

In Turkey, a 15.75% raise for SSK and Bağ-Kur retirees is deemed insufficient given 44.38% annual inflation. This follows President Erdoğan's declaration of 2024 as the "Year of Retirees," despite worsening conditions for millions facing poverty and hunger.", A2="Turkey's insufficient pension increase highlights a systemic issue where official inflation figures (44.38%) drastically underrepresent the lived reality of retirees, many of whom are below the poverty line. This discrepancy, coupled with rising living costs and a lack of effective government intervention, leads to widespread hardship.", A3="The inadequate pension adjustment in Turkey underscores a critical need for more accurate inflation measurement and a revised social security system. The ongoing struggle of retirees points towards potential social unrest and the need for significant policy changes to address the widening gap between official figures and the daily realities of pensioners.", Q1="What are the immediate consequences of the insufficient pension increase in Turkey for millions of retirees given the high inflation rate?", Q2="How does the Turkish government's response to the economic hardship of retirees align with its declaration of 2024 as the "Year of Retirees?", Q3="What systemic changes are needed in Turkey to ensure that pensions adequately reflect the cost of living and prevent further hardship for retirees?", ShortDescription="MP Cengiz Çiçek criticized Turkey's insufficient 15.75% pension increase amid 44.38% inflation, highlighting the plight of 16 million retirees struggling with poverty and hunger, despite President Erdoğan's declaration of 2024 as "the year of retirees.

smh.com.au

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Aug 24, 10:15

Australia Proposes Cyber Reserve to Combat Rising Cyberattacks

A review of Australia's Defence Force Reserves recommends establishing a cyber-reserve capability to combat a surge in cyberattacks and a critical shortage of cybersecurity professionals; retirees are seen as a key resource, with the initiative mirroring successful programs in the US, Estonia and Fi...

Australia Proposes Cyber Reserve to Combat Rising Cyberattacks

A review of Australia's Defence Force Reserves recommends establishing a cyber-reserve capability to combat a surge in cyberattacks and a critical shortage of cybersecurity professionals; retirees are seen as a key resource, with the initiative mirroring successful programs in the US, Estonia and Fi...

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What is the primary driver behind the proposal to create an Australian cyber reserve, and what are its immediate implications for national security?

Australia faces a critical shortage of cybersecurity professionals, with 30,000 unfilled positions projected over the next three years. This shortage has prompted a proposal to establish a cyber reserve, recruiting retirees with relevant IT skills to bolster national cyber defenses. The initiative aims to leverage the experience of senior Australians without competing with the private sector for talent.

t24.com.tr

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Jun 2, 13:14

Turkish Retirees' Holiday Bonus Loses 50,000 TL in 7 Years

A DISK-AR study reveals Turkish retirees' holiday bonus lost 50,000 TL in value over seven years due to inflation and minimum wage increases, dropping to a level where it can only buy 2 kilos of baklava in 2025.

Turkish Retirees' Holiday Bonus Loses 50,000 TL in 7 Years

A DISK-AR study reveals Turkish retirees' holiday bonus lost 50,000 TL in value over seven years due to inflation and minimum wage increases, dropping to a level where it can only buy 2 kilos of baklava in 2025.

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How does the holiday bonus's decline relate to changes in the minimum wage and inflation rates in Turkey?

The study reveals that while the bonus increased fourfold, the minimum wage increased more than sevenfold, highlighting the erosion of its value against inflation. The report emphasizes that the bonus should be at least at the minimum wage level and paid four times a year.

bbc.com

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Apr 17, 04:12

China's "Silver Trains" Aim to Boost Domestic Spending Amidst US Tariffs

To counter the economic effects of US tariffs, China is launching "silver trains" to encourage older citizens (22% of the population, over 310 million people) to spend their savings on domestic tourism, stimulating underdeveloped regions and businesses.

China's "Silver Trains" Aim to Boost Domestic Spending Amidst US Tariffs

To counter the economic effects of US tariffs, China is launching "silver trains" to encourage older citizens (22% of the population, over 310 million people) to spend their savings on domestic tourism, stimulating underdeveloped regions and businesses.

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What is the immediate economic impact of the US tariffs on China, and how is the government responding?

China is facing economic challenges due to US tariffs, prompting initiatives to boost domestic consumption. One strategy involves encouraging increased spending among retirees, a significant demographic with substantial savings and time, through initiatives like the 'silver train' tourism program, designed to stimulate local economies in underdeveloped regions.

elpais.com

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Mar 18, 10:15

Argentina: Retirees to Protest Amidst Government Crackdown

Argentine retirees will protest again in Buenos Aires on Wednesday, demanding better pensions and free medicine, following violent clashes last week where the government blames soccer hooligans and filed charges against a judge who released 144 protestors; a new law targeting hooligans is proposed.

Argentina: Retirees to Protest Amidst Government Crackdown

Argentine retirees will protest again in Buenos Aires on Wednesday, demanding better pensions and free medicine, following violent clashes last week where the government blames soccer hooligans and filed charges against a judge who released 144 protestors; a new law targeting hooligans is proposed.

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What underlying issues or tensions within Argentine society are highlighted by the protests and the government's response?

The government's response to the protests involves a new law targeting soccer hooligans, accused of instigating violence during the retiree protests. This links the unrest to existing issues of hooliganism and club corruption. Simultaneously, the government filed charges against a judge for releasing 144 protestors, highlighting a clash between the executive and judicial branches.",

dw.com

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Mar 13, 16:12

Violent Clashes Erupt in Argentina During Pensioner Protest

In Argentina, a March 12th protest by retired people, amplified by football fans and social organizations, resulted in 103 arrests, 20 injuries (one critical), and clashes with police using tear gas and rubber bullets, highlighting the socio-economic impact of President Milei's policies.

Violent Clashes Erupt in Argentina During Pensioner Protest

In Argentina, a March 12th protest by retired people, amplified by football fans and social organizations, resulted in 103 arrests, 20 injuries (one critical), and clashes with police using tear gas and rubber bullets, highlighting the socio-economic impact of President Milei's policies.

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How did the involvement of football fan groups contribute to the intensity and scale of the protest?

The protest's escalation involved approximately 30 football teams' organized supporters, significantly increasing participants. Confrontations began when protesters defied police, resulting in police using tear gas, rubber bullets, and water cannons. Counter-violence included rocks, fireworks, and improvised explosive devices.

t24.com.tr

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Jan 3, 16:09

TÜİK Inflation Report Criticized for Underestimating Cost of Living, Impacting Turkish Retirees

TÜED head Kazım Ergün criticized TÜİK's 1.03% December 2024 inflation report, contrasting it with higher figures from İTO (1.74%), ENAG (2.34%), and Türk-İş (2.54%), arguing it leads to insufficient pension and salary increases, causing hardship for millions of retirees.

TÜİK Inflation Report Criticized for Underestimating Cost of Living, Impacting Turkish Retirees

TÜED head Kazım Ergün criticized TÜİK's 1.03% December 2024 inflation report, contrasting it with higher figures from İTO (1.74%), ENAG (2.34%), and Türk-İş (2.54%), arguing it leads to insufficient pension and salary increases, causing hardship for millions of retirees.

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How does the reported inflation rate impact pension and salary adjustments, and what are the broader implications for income inequality among retirees in Turkey?

Kazım Ergün, head of Türkiye Emekliler Derneği (TÜED), criticizes TÜİK for consistently downplaying inflation figures, resulting in lower pension and salary increases. He argues that this approach disproportionately affects low-income individuals and retirees, leading to significant financial hardship.

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