Tag #Retirement Savings

allafrica.com
🌐 75% Global Worthiness
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PenCom Addresses Inflation Impact on Nigerian Pension Funds

Nigeria's National Pension Commission (PenCom) projects N22 trillion in pension assets by year-end, but is reviewing investment regulations and rebranding its micro-pension scheme to address inflation, currency devaluation, and low informal sector participation.

Progress

44% Bias Score

No Poverty
lemonde.fr
🌐 65% Global Worthiness
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France Reviews Tax Benefits on Investments Amidst Fiscal Concerns

Amid France's financial difficulties, the government is evaluating tax benefits on various investments, including retirement savings plans and real estate, due to their high cost to the state and disproportionate benefits to high-income earners.

Progress

52% Bias Score

Reduced Inequality
lemonde.fr
🌐 75% Global Worthiness
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French PER Retirement Plan Criticized for Tax Loopholes, Proposed Reforms Target Equity

A French parliamentary report reveals that the retirement savings plan (PER) disproportionately benefits high-income earners while neglecting low-income households; proposed reforms include age limits on subscriptions and mandatory collective PERs in larger companies.

Progress

48% Bias Score

Reduced Inequality
abcnews.go.com
🌐 75% Global Worthiness
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"Widespread Retirement Savings Shortfall Threatens Americans' Financial Security"

"Vanguard data reveals a median retirement savings balance of just $35,000 for plan participants, while half of those aged 55-66 have nothing; women are particularly vulnerable, indicating a widespread retirement savings crisis."

Progress

48% Bias Score

No Poverty
cnbc.com
🌐 75% Global Worthiness
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Student Loan Payment Matching in 401(k) Plans Gains Traction

The Secure 2.0 Act, effective 2024, lets companies match employee student loan payments with 401(k) contributions; over 100 firms, covering 1.5 million workers, have adopted this, boosting retirement savings and attracting talent.

Progress

40% Bias Score