Public Pensions Archives - Page 15 of 33 - Pension Policy International

22JulJuly 22, 2022

Iranian Pensioners Protest Again, Demand Full Hike In Pensions As Promised

Pensioners and retired government employees have again taken to the streets in several cities across Iran shouting anti-government slogans and demanding a full 38 percent increase in their pensions, which was promised by the Supreme Labor Council. The recent wave of protests by pensioners and retirees comes after the government announced on June 6 that it would increase the monthly incomes of non-minimum-wage retirees by 10 percent, far below a previous pledge to raise them by 38 percent plus 5.15...

July 22, 2022

News2022, Iran, Public Pensions

15JulJuly 15, 2022

The market meltdown threatening pensions for millions in the U.S.

American public pension funds are facing serious challenges that threaten the retirement plans for millions of US state and local government employees. Pension plans remained severely underfunded during the 11-year bull market that followed the Great Recession. The plunge toward insolvency and high-return markets led fund managers to take on risky bets in hope of staying afloat. Now, the recent selloff has left funds struggling to keep up with their future obligations. The 100 largest public pension funds in the United...

July 15, 2022

News2022, Investment, Public Pensions, US

06JulJuly 6, 2022

Greece to allow pension increases from 2023, first since debt crisis- PM

Greece's Prime Minister Kyriakos Mitsotakis promised pension increases for the first time in more than a decade next year, saying Greece had definitively turned a page from the financial chaos which required three international bailouts. During its decade-long financial crisis that broke out in 2009, Greece was forced by its international lenders to slash pensions more than 10 times to reduce state spending and meet its fiscal targets. "Everyone must benefit from growth without threatening the fiscal balance or the country's...

July 6, 2022

News2022, Greece, Public Pensions

23JunJune 23, 2022

Swedish parliament passes mini-budget after pensions compromise

Sweden's parliament passed the government's extra budget on Wednesday after weeks of disagreement over extra money for pensioners, paving the way for increased spending on the police, defence and additional aid to Ukraine. The minority Social Democrat government, which hopes to win a third successive term in power at a general election in September, was forced to vote against its own budget last week to avoid having to adopt the opposition's finance bill. It then reintroduced interim spending plans, including around...

June 23, 2022

NewsPublic Pensions, Public spending, Sweden

21JunJune 21, 2022

Portugal. “Historic increase” in pensions

The Prime Minister has assured that the Government will comply with the law and in 2023 there will be a “historic increase” in the value of pensions as a result of the drastic rise in inflation and the high economic growth registered this year. This perspective on the evolution of pensions in the coming year was passed on by António Costa at a CNN Portugal conference, which included a special broadcast of the program “The Principle of Uncertainty”. Asked by journalist...

June 21, 2022

News2022, Portugal, Public Pensions

01JunJune 1, 2022

European Union Will Lend Ukraine EUR 9 Billion for pensions, among others

The European Union Summit has decided to provide Ukraine with an urgent loan in the amount of EUR 9 billion to pay off urgent budgetary needs. President of the European Commission Ursula von der Leyen stated this at a press conference on the night of May 31, European Pravda reports. "Ukraine needs urgent financial support. As you know, about EUR 5 billion is required monthly in Ukraine to support basic payments, such as salaries, pensions, etc.," von der Leyen recalled, speaking...

June 1, 2022

News2022, EU, Public Pensions, Ukraine

30MayMay 30, 2022

Spain: Spending On Pensions Reached A Record 10.81 Billion Euros In May, Up 4.8%

The Social Security allocated a record 10.81 billion euros to the payment of contributory pensions this May, 4.8% more than in the same month of 2021, the Ministry of Inclusion, Social Security and Migration said on Friday. The Department headed by José Luis Escrivá estimates that spending on pensions stood at 11.8% of GDP in the fifth month of the year, a lower percentage than in 2020 (12.4% of GDP), a year conditioned by the impact of the pandemic...

May 30, 2022

News2022, Public Pensions, Spain

26MayMay 26, 2022

Putin hikes Russian pensions, plays down Ukraine impact on economy

President Vladimir Putin ordered 10% rises on Wednesday in pensions and the minimum wage to cushion Russians from inflation, but denied the country's economic problems were all linked to the war in Ukraine. With annual inflation near 18% last month, the Kremlin leader acknowledged that 2022 would be a "difficult" year for the Russian economy. "When I say 'difficult', it doesn't mean all these difficulties are connected to the special military operation," Putin told a televised meeting of the State Council...

May 26, 2022

News2022, Public Pensions, Russia

25MayMay 25, 2022

Greece. First year of pension increases after 12 years

“Next year will be the first year of increasing pensions for the first time, after 12 years,” Deputy Labor and Social Affairs Minister Panos Tsakloglou said in an interview with the Athens-Macedonian News Agency on Sunday, noting that the government has supported the income of pensioners in several ways. Tsakloglou also referred to the challenges he was called to face when he took over the post and focused on the emblematic, as he characterized it, reform in the architecture of...

May 25, 2022

News2022, Greece, Public Pensions

24MayMay 24, 2022

Kenya. Pension bill goes up by Sh40bn in 10 months

Kenya’s pension bill increased by Sh39.5 billion in the 10 months to April, the sharpest growth in five years, highlighting the growing pressure on the Exchequer in paying retired civil servants. The latest data from the Treasury shows that Kenya spent Sh113.72 billion on pensions in the period under review, a 53 percent jump from Sh74.19 billion in the corresponding period last year. This is also the first time that Kenya’s expenditure on pensions in the first ten months of a...

May 24, 2022

News2022, Kenya, Public Pensions

July 2022

Iranian Pensioners Protest Again, Demand Full Hike In Pensions As Promised

The market meltdown threatening pensions for millions in the U.S.

Greece to allow pension increases from 2023, first since debt crisis- PM

June 2022

Swedish parliament passes mini-budget after pensions compromise

Portugal. “Historic increase” in pensions

European Union Will Lend Ukraine EUR 9 Billion for pensions, among others

May 2022

Spain: Spending On Pensions Reached A Record 10.81 Billion Euros In May, Up 4.8%

Putin hikes Russian pensions, plays down Ukraine impact on economy

Greece. First year of pension increases after 12 years

Kenya. Pension bill goes up by Sh40bn in 10 months