Pension Reform Archives - Page 16 of 37 - Pension Policy International

19JanJanuary 19, 2023

Colombia. A fight is open to raise the retirement age in the pension reform

It is expected that this year the Government will present several of the reforms with which it is intended to carry out the road map of President Gustavo Petro. In addition to labor, health and justice, one of the ones that most generates expectations is the pension reform. In the last few hours, a discussion on the pension issue broke out again. This time due to the statements made by Minister José Antonio Ocampo to the regional media, in which...

January 19, 2023

NewsColombia, Pension Reform, Retirement Age

11JanJanuary 11, 2023

France unveils plan to raise retirement age by two years to 64

France's government has proposed raising the legal retirement age from 62 to 64 by 2030 in a major reform to the pension system. PM Elisabeth Borne said the changes were necessary to prevent a major deficit in the system in the future. Reforming pensions was one of President Emmanuel Macron's main promises when he was first elected in 2017. But the details immediately triggered an angry response from the unions, with plans for strikes on 19 January. Ms Borne's handling of an explosive...

January 11, 2023

NewsFrance, Pension Reform, Retirement Age

10JanJanuary 10, 2023

The 30-year battle to reform France’s pension system

President Emmanuel Macron plans Tuesday to defy threats of mass protests in launching yet another bid to reform France’s debt-ridden pension system by forcing the French to work longer. In 2019, his attempt to replace dozens of separate regimes with a single points-based system and to push back the age for a full pension from 62 to 64 sparked the longest transport strike in decades. AFP looks back at the 30-year battle by various French governments of the left and right...

January 10, 2023

NewsFrance, Pension Reform

09JanJanuary 9, 2023

France. Macron’s Pension Reform May Get Nod From Opposition Republicans

French President Emmanuel Macron’s plan to increase the retirement age to preserve the financial balance of the national pension system may get the backing of the Republican opposition party, its leader Eric Ciotti said. An overhaul that would progressively raise the retirement age from 62 currently to 64 in 2032 may be acceptable, the president of the conservative party said in an interview published Sunday in Le Journal du Dimanche. Raising the smallest minimum pensions will be key to clinching...

January 9, 2023

NewsFrance, Pension Reform

06JanJanuary 6, 2023

The Effect of Pension Wealth on Employment

By Sebastian Becker, Hermann Buslei, Johannes Geyer & Peter Haan This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit tax rate of employment. We use a difference-in-differences estimator based on administrative data from the German pension insurance and find that, on average, the negative employment effect of pension wealth is significant and economically...

January 6, 2023

Articles, Pension design2022, Gender Gap, Labor Market, Pension Reform

06JanJanuary 6, 2023

German Employers’ Associations call on government to act on pension reforms

The Confederation of German Employers’ Associations (BDA) is pressing the government to proceed swiftly towards reforming the country’s pension system this year, knocking down incentives to retire early. BDA president Rainer Dulger said that “2023 must be a year of action. Germany needs real and sustainable reforms. Now is the time to put the necessary reforms into practice, without any mental restrictions”. He also addressed labour market figures published on 3 January. According to the figures published by the federal employment...

January 6, 2023

NewsGermany, Pension Reform, Retirement Age

03JanJanuary 3, 2023

France signals flexibility in face of pension reform resistance

The French government said Tuesday it could be flexible on its plan to raise the retirement age to 65, part of a hugely controversial pension reform project pushed by President Emmanuel Macron. Speaking ahead of crunch talks with unions that have fiercely resisted any change, Prime Minister Elisabeth Borne told FranceInfo radio that the age of 65 is "not set in stone". She added that "other solutions" could help the government reach its target of balancing the pensions system...

January 3, 2023

NewsFrance, Pension Reform

23DecDecember 23, 2022

Slovakia: Pension reforms — auto-enrolment and parental pensions

Employer Action Code: Act The government has approved amendments to the Social Insurance Law, with the primary aims of 1) increasing retirement savings in employees’ social security defined contribution (DC) privately managed accounts (i.e., the “second pillar”) through automatic enrolment and the use of default life cycle index (rather than bond-based guaranteed) investment funds, and 2) improving the sustainability of the social security defined benefit (DB) retirement program (i.e., the “first pillar”). The changes are effective January 1, 2023. Key details Changes...

December 23, 2022

NewsPension Reform, Slovakia

21DecDecember 21, 2022

El Salvador’s Congress approves pension system reforms

El Salvador's Congress on Tuesday approved reforms to increase pensions and create a state entity to supervise the retirement income system, despite criticism from experts who argued the measures were insufficient. Among the reforms, proposed by President Nayib Bukele, are a 30% rise in pensions and a cap of $3,000 a month. The minimum will rise to $400 a month from $304, according to a government statement that noted that 100,000 people past working age had not left their jobs due...

December 21, 2022

NewsEl Salvador, Pension Reform

14DecDecember 14, 2022

Nine EU countries need pension reform

Nine EU countries have not explicitly committed to pension reforms in their recovery and resilience plans despite Commission recommendations on the matter from the 2019 European Semester, according to Commission documents and declarations made to EURACTIV. In 2019, during the European Semester, 17 EU countries received recommendations on the “long-term sustainability of public finances”, and 15 were urged to specifically reform their pension systems. Some of them were again asked to pursue reforms of the retirement system with the Next...

December 14, 2022

NewsEU, Pension Reform

January 2023

Colombia. A fight is open to raise the retirement age in the pension reform

France unveils plan to raise retirement age by two years to 64

The 30-year battle to reform France’s pension system

France. Macron’s Pension Reform May Get Nod From Opposition Republicans

The Effect of Pension Wealth on Employment

German Employers’ Associations call on government to act on pension reforms

France signals flexibility in face of pension reform resistance

December 2022

Slovakia: Pension reforms — auto-enrolment and parental pensions

El Salvador’s Congress approves pension system reforms

Nine EU countries need pension reform