Social Protection Archives - Page 13 of 22 - Pension Policy International

30JulJuly 30, 2020

Greece to return 1.4 bln euros to pensioners hit during debt crisis

Greece will this year return 1.4 billion euros to pensioners whose income was slashed during the financial crisis of the past decade, the country's prime minister said on Wednesday. Prime Minister Kyriakos Mitsotakis' conservative government made the decision following a top court ruling which said that some pension cuts imposed in 2015-2016 were illegal. Mitsotakis said the one-off payment applies only to main pensions - not supplementary pensions or benefits. The money will be distributed to about 2 million...

July 30, 2020

News, Slider2020, Coronavirus, Greece, Social Protection

24JulJuly 24, 2020

Social Protection for All: The Next Step for the Malaysian Welfare

By Evangelos Koutronas This report aims to support policymakers, program designers, and evaluators to develop a comprehensive social protection mechanism. The past decade has seen a marked spike in policy momentum around the importance of social protection policies and programs yet there has been very little attention to social protection’s role in tackling experiences of poverty and vulnerability. Social protection is recognized as a key policy tool to help achieve the Malaysia Development Goals; as a policy approach underpinned by...

July 24, 2020

Adequacy, ArticlesPublic Policy, Social Protection

17JulJuly 17, 2020

Supporting Seniors: How Low-Income Elderly Individuals Respond to a Retirement Support Program

By Sumit Agarwal, Wenlan Qian, Tianyue Ruan, Bernard Yin Yeung Insufficient savings for retirement expose individuals to financial vulnerability in the post-retirement years and prompt governments to consider support measures. We study a government cash subsidy program for the low-income elderly population in Singapore. Using comprehensive, high-frequency transaction data, we find that elderly individuals increase spending by 0.7 dollars per dollar of subsidy received. We also show that they increase food expenditure and the variety of retail purchases. The...

July 17, 2020

Adequacy, Articles2020, Behavioral Science, Singapore, Social Protection

16JulJuly 16, 2020

FLF Africa launches Financial Literacy for Coronavirus Alleviation programme

The Financial Literacy Foundation Africa has launched a Financial Literacy for Coronavirus Alleviation programme (FLICA) which aims to provide education on how to handle economic and financial hardships arising from the Covid-19 pandemic. This continental project will take place in all 46 countries in sub-Saharan Africa and aims to achieve financial independence for eight out of every ten individuals by 2030. “The strategic approach will address attitudinal and behavioral barriers to our goal of financial wellness through public education...

July 16, 2020

News, Slider2020, Africa, Coronavirus, COVID-19, Financial Education, Social Protection

14JulJuly 14, 2020

China. Beijing raises retirement pensions

Beijing released a scheme to adjust basic pension for retirees, increasing 50 yuan ($7.13) per month for each person, according to the Beijing Municipal Human Resources and Social Security Bureau on Tuesday. The new scheme, which starts on Wednesday is expected to benefit nearly 3.97 million Beijing residents, including retirees of Beijing enterprises, government bodies and institutions. Wu Xiaojun, deputy director of the Beijing Municipal Human Resources and Social Security Bureau, said the adjustment of the basic pension will...

July 14, 2020

News, Slider2020, China, Coronavirus, Social Protection

13JulJuly 13, 2020

Australia. Low income earners get further support

Millions of Australians on pensions and low incomes are about to get cash hits from the government, which it hopes will give another boost to the coronavirus-hit economy. The second round of $750 payments for pensioners, veterans and carers will start going into people's bank accounts from Monday. It goes to about five million Australians at a cost of $3.8 billion. Treasurer Josh Frydenberg anticipates many will spend the money on everyday expenses like groceries, rent and bills. "This...

July 13, 2020

News, Slider2020, Australia, Coronavirus, COVID-19, Social Protection

10JulJuly 10, 2020

Society at a Glance

By OECD The OECD biennial report providing internationally comparable data on demography and family characteristics, employment and wealth, mobility and housing, health status, social expenditure, subjective well-being, social cohesion, and other social measures. Included are such interesting variables as suicides, child care costs, prisoners, gender wage gaps, poverty and mothers in employment. Get the book here

July 10, 2020

Aging, Books, Labor Market2019, Social Protection, Social Security

10JulJuly 10, 2020

Constitutional Court rules benefits for pensioners are inappropriate in Latvia

The court admitted that a specific point of the 22 December 2009 Cabinet of Ministers requirements, which details the amount of the state social security benefit for unemployed persons and seniors as inconsistent with the Constitution. The Constitutional Court also concluded this requirement as null and void as of 1 January 2021. The ruling is final and is not subject to appeal. The challenged norm states the state social security benefit amount for persons disabled from childhood is EUR...

July 10, 2020

News, SliderEurope, Latvia, Social Protection

07JulJuly 7, 2020

Canada. Department of Finance Announces Additional Relief Measures Amidst the COVID-19 Pandemic

The Department of Finance announced the release of proposed amendments to the Income Tax Regulations (Canada) that would assist registered pension plan (RPP) administrators and sponsors to manage and maintain their benefit obligations through the COVID-19 pandemic. The temporary relief measures that apply to RPPs are as follows: Extend the deadline to retroactively credit pensionable service: Pursuant to subsection 8308(4) of the Regulations, a member of a defined benefit provision of a pension plan may be permitted the option...

July 7, 2020

News, Slider, Uncategorized2020, Canada, Coronavirus, COVID-19, Social Protection

03JulJuly 3, 2020

Annual Report on Financing Old Age Care in China (2017)

By Keyong Dong, Yudong Yao This book provides comprehensive analysis and descriptions of China's ageing finance system . China is undergoing the largest, fastest and longest process of population ageing in the world. It becomes a pressing challenge to the Chinese social security system in this era. Many developed countries have been going through this process. Pension and other financial tools have been studied and practiced for decades. China now is developing its own ageing finance systems by...

July 3, 2020

Aging, Books2017, Asia, China, Public Policy, Social Protection

July 2020