Inflation Archives - Pension Policy International

07AprApril 7, 2025

Jamaica. How will tariffs impact retirement?

It is a tumultuous time for world economies. With the raging tariff war, which is likely to trigger another round of high inflation, investors and retirees face more uncertain times. I recently had separate discussions with two individuals from opposite ends of the age spectrum; one seeking assistance with planning for retirement and the other needing financial advice to navigate the retirement years. The 36-year-old employee was concerned with the time value of money, while the retiree wrestled with how...

April 7, 2025

News, SliderInflation, Jamaica

25MarMarch 25, 2025

Cost of living support coming for 1.5 million New Zealanders

More than 900 thousand superannuitants and almost five thousand veterans are among the New Zealanders set to receive a significant financial boost from next week, an uplift Social Development and Employment Minister Louise Upston says will help support them through cost-of-living challenges. “I am pleased to confirm that from 1 April, most MSD payment rates will increase through the Annual General Adjustment (AGA),” Louise Upston says. “Overall this year’s AGA means around 1.5 million New Zealanders will get an increase to...

March 25, 2025

News, SliderInflation, New Zealand

12MarMarch 12, 2025

UK. 453,000 Pensioners Face Frozen DWP Payments Amid Government Cuts

Nearly 453,000 British state pensioners living overseas are facing financial hardship due to the UK’s controversial “frozen pensions” policy. This policy denies pensioners residing in certain countries, such as Canada, annual inflation-linked increases to their state pensions. The End Frozen Pensions campaign has been advocating on behalf of these pensioners for years, calling for a policy change that would adjust state pensions in line with inflation, regardless of where individuals choose to live. The Impact of Frozen Pensions on Expat Pensioners According to Edwina Melville-Grey, Chair...

March 12, 2025

News, SliderInflation, UK

26FebFebruary 26, 2025

UK. U-turn shows pitfalls of unpicking pensions triple-lock

A pensions timebomb is ticking on the Isle of Man and the self-governing island off the UK's west coast came very close to defusing it last week. Like the UK, the island protects state pensions with the triple lock, which automatically increases the state pension each year by the maximum of three measures: price inflation, average earnings or 2.5%. The Isle of Man's government wanted to scrap the triple lock for some pensioners in its budget last week. But ministers were forced...

February 26, 2025

News, SliderAdequacy, Income, Inflation

11DecDecember 11, 2024

Rising Pension Poverty in Germany: A Growing Number Below Minimum Living Standards

The issue of pension poverty is increasingly prevalent in Germany, with a significant portion of the elderly population receiving pensions that fall below the established minimum living standard. Recent statistics reveal that the situation is worsening, as more seniors struggle to meet their basic needs. As of the end of 2023, the minimum living standard for pensioners, as defined by the basic security benefits in old age, was set at 942 euros per month. Approximately 7.9 million individuals in Germany...

December 11, 2024

News, SliderAdequacy, Germany, Income, Inflation

25NovNovember 25, 2024

Are You One of 38 Million Seniors Who Fear Your Retirement Income Won’t Be Enough? You’re Not Alone.

Social Security is one of the most crucial functions of the U.S. government. Last year, the program paid roughly $1.5 trillion to 68 million Americans, 51 million of whom were retired. Many of these retired Americans rely on the program for a significant portion of their incomes. Originally intended as one of three income sources for retirees along with employer pensions and personal savings, Social Security's role has grown as pensions have become rare for most. Many lower-income earners are unable...

November 25, 2024

NewsAdequacy, Inflation, Retirement security, US

21OctOctober 21, 2024

UK. DWP to give £812 to some benefit claimants

The Department for Work and Pensions (DWP) is providing a new loan scheme that offers people on benefits an additional £812 boost. This measure, launched by the government department, is designed to further support benefit claimants throughout this year. According to the DWP, recipients of the loan are not required to pay back the sum immediately. The Department has stated, "A Budgeting Loan is interest-free so you only pay back what you borrow. The repayments will be taken automatically from...

October 21, 2024

NewsAdequacy, Inflation, UK

14OctOctober 14, 2024

US. What Does Inflation’s New Normal Mean for Public Pension Funds?

September’s Federal Reserve interest rate cut was meant to signal a win in the battle against inflation. With the highest inflationary peak in decades behind us, there was palpable relief at the idea of rates coming down. That may be especially true for public pension plan participants and plan sponsors. Over the past few years, more retiree groups have pushed for cost-of-living adjustments for their retirement benefits, as inflation eroded pension benefits. Some have been successful at getting ad hoc...

October 14, 2024

NewsInflation, Pension Management, US

11SepSeptember 11, 2024

Argentine Congress Debates Milei Veto Of Pensions Increase

Argentina's Congress debates on Wednesday whether to overturn President Javier Milei's veto of a bill to increase pensions, amid heavy security due to a planned mass opposition protest. Milei, a budget-slashing libertarian, last week blocked an 8.1-percent pensions increase approved by both houses of Congress, which aimed to help cushion retirees in the South American country hit by annual inflation of 250 percent. The president claimed the measure was "manifestly in violation of the current legal framework as it does not...

September 11, 2024

NewsAdequacy, Argentina, Inflation, Pension Reform

02SepSeptember 2, 2024

UK. Third of retirees overspending amid rising cost of living

Nearly a third of UK adults have admitted to being ‘retirement overspenders’ due to the rising cost of living. Research by PensionBee also revealed 20 per cent of those aged over 55 have consistently spent more than they expected to during their retirements so far. With an additional 11 per cent admitting this had occurred early on in their retirement. Daily living expenses emerged as the largest financial burden for retirees, with 28 per cent citing it as their top item of...

September 2, 2024

NewsIncome, Inflation, UK

April 2025

Jamaica. How will tariffs impact retirement?

March 2025

Cost of living support coming for 1.5 million New Zealanders

UK. 453,000 Pensioners Face Frozen DWP Payments Amid Government Cuts

February 2025

UK. U-turn shows pitfalls of unpicking pensions triple-lock

December 2024

Rising Pension Poverty in Germany: A Growing Number Below Minimum Living Standards

November 2024

Are You One of 38 Million Seniors Who Fear Your Retirement Income Won’t Be Enough? You’re Not Alone.

October 2024

UK. DWP to give £812 to some benefit claimants

US. What Does Inflation’s New Normal Mean for Public Pension Funds?

September 2024

Argentine Congress Debates Milei Veto Of Pensions Increase

UK. Third of retirees overspending amid rising cost of living