December 2021
01Dec

US. Treasury Sets 2021 Retirement Plan Amendment Deadlines

The IRS has issued its required amendments list for 2021, setting deadlines for changes in qualification requirements for employee benefit plans and end-dates for remedial amendment periods. The remedial amendment period lets employers retroactively fix plan modifications that inadvertently altered their tax status. Generally, employers have until the end of 2023 to make those changes for 2021 amendments. The required amendments pertain to individually designed retirement plans and 403(b) group annuity plans but exclude government-sponsored health and retirement benefits. Read more @Bloomberg...

December 1, 2021
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01Dec

How Staying Physically Active May Protect the Aging Brain

Staying physically active as we age substantially drops our risk of developing dementia during our lifetimes, and it doesn’t require prolonged exercise. Walking or moving about, rather than sitting, may be all it takes to help bolster the brain, and a new study of octogenarians from Chicago may help to explain why. The study, which tracked how often older people moved or sat and then looked deep inside their brains after they passed away, found that certain vital immune cells...

December 1, 2021
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November 2021

India's fertility rate falls below replacement level. What it means.
26Nov

India’s fertility rate falls below replacement level. What it means.

India's national Total Fertility Rate (TFR) has fallen below 2.0 for the first time, as per the latest National Family Health Survey (NFHS). The findings covered 11 states and three union territories that were not included in the first set of data released in December 2020. The latest set of findings of the NFHS 2019-21 survey released by the Union Health Ministry on Wednesday revealed that the average number of children born to a woman over her lifetime has dropped...

November 26, 2021
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25Nov

China publishes guidelines to enhance the sense of happiness and security of the aging population

In order to effectively address China's aging population, the country issued a set of guidelines on Wednesday on strengthening work on the senior population to enhance the sense of happiness and security of the elderly. According to the Seventh National Population Census, as of November 1, 2020, the elderly population aged 60 and above in China was 264.02 million, accounting for 18.7% of the total. It is estimated that during the 14th Five-Year Plan (2021-25) period, the elderly population in...

November 25, 2021
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23Nov

How will we make the most of an extra 30 years of life?

Demographers predict that as many as half of the children born in the developed world since 2000 will reach the age of 100 and beyond. Once a rare event, century-long lives will become commonplace by 2050. The near doubling of life expectancy presents a range of challenges — along with yet unrealized opportunities. To the extent that we continue to live our lives according to the norms, institutions and policies based on lives half as long as the ones we...

November 23, 2021
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22Nov

Aging China outlines plan to improve elderly care services

China is urging some local governments to embark on pilot programmes next year to improve medical and care services for the elderly, with the goal of rolling out the scheme nationwide in 2023. Read also India’s fertility rate falls below replacement level. What it means. Of the 31 provinces, regions and municipalities in mainland China, 15 should launch their local pilot schemes for better medical and care services for the elderly next year, the National Health Commission (NHC) said in a...

November 22, 2021
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16Nov

UK. Retirees go back to work to cover pension shortfalls

After they were forced to shield during pandemic rather than top up their retirement income The number of Brits over the age of 70 returning to work is rising, research by financial advisory firm Salisbury House Wealth (SHW) has found. According to data by the Department for Work and Pensions (DWP) around 481,000 of over-70 are currently working – a 6% increase in the past year. The figure for 2020 was approximately 452,000, as older workers were asked to shield during the...

November 16, 2021
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16Nov

Experts Concerned About Senior Poverty in S. Korea as Aging Society Takes Speed

Experts are increasingly concerned over the issue of senior poverty caused by a lack of pension programs and other senior welfare policies as South Korea is becoming an aging society at twice the speed of Japan. The Korea Economic Research Institute (KERI) conducted a survey of 500 senior respondents over 65 years of age from South Korea and Japan, which showed that fewer South Korean seniors receive pensions than their Japanese counterparts. Read also Bangladesh. Guardian Life launches “Ajibon Pension Plan”...

November 16, 2021
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10Nov

Tech for aging society can be Japan’s ‘advantage’: Google executive

Google Japan aims to focus on developing and offering technology that supports the country's aging society, its top executive said at a Nikkei event on Wednesday. "It is our responsibility to enable elderly people to maintain good health and access necessary information or jobs through our technology," President Shinji Okuyama said at Nikkei's Global Management Forum. Google's Japanese unit hopes to turn the challenge of aging into opportunities. This includes providing digital skill training to seniors, as well as utilizing the...

November 10, 2021
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05Nov

Graying China sinks pensions under critical line in more provinces

China's pension reserves have fallen below a key government threshold in a majority of provinces, as growing deficits from a rapidly aging population threaten the system's long-term viability. China has two main pension schemes that together cover 1 billion people. One is compulsory for urban employees and public servants, while the second serves other urban residents and the rural population. The urban employee pension system, the far larger of the two, received 16% less income in 2020 than the year...

November 5, 2021
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