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The State Pension age will be rising from next year, the age is currently 66 for both men and women. It will gradually increase to 67 between 2026 and 2028 for those born after April 1960. The transition process is then expected to be completed for everyone by March 2028. The planned change to the official age of retirement has been in legislation since 2014, with a further rise from 67 to 68, which is set to be implemented between...
Argentine pensioners and soccer fans clashed with police on Wednesday as a protest unfolded in front of Congress, with citizens rallying against the economic policies brought in by the government of President Javier Milei. It was an unlikely mix with retirees gathered in Buenos Aires flanked by soccer fans from teams normally at odds with one another. What started as a peaceful event escalated into violent clashes as police fired water cannons, tear gas and pellets while protesters threw stones. The crowd...
Only two months left to boost State Pension by filling gaps in National Insurance records from 2006 onwards Since the launch of the digital service last April, 37,000 people have topped up more than 68,000 years, worth £35 million People wanting to maximise their State Pension by plugging gaps in their National Insurance record have contributed to a total of 68,673 years, worth £35 million, using the online service since April last year HM Revenue and Customs (HMRC) has...
In a nutshell Aging populations mean more retirees, pressuring state budgets State-funded pensions are likely to expand into basic-income schemes A rise in productivity is the only cure; but it remains elusive Politicians do not pay much attention to demography. Given their electoral horizons, this is hardly surprising. The so-called demographic crisis and its consequences unfold over decades, while in most countries elections of some sort take place at least every two years. Little heed is paid to whether, in...
The Kentucky Public Pensions Authority (KPPA) announced the average composite return for assets under management was 10.7% for the fiscal year ended June 30, 2024, while insurance trust assets under management earned 11.4%. All pension and insurance portfolios returned significantly more than their actuarial assumed rates of return, which are 6.5% for all County Employees Retirement System (CERS) pension and insurance portfolios and the Kentucky Employees Retirement System (KERS) and State Police Retirement System (SPRS) insurance trusts, 6.25% for the KERS Hazardous...
The Treasury expects the new full state pension to be boosted above inflation by more than £400 a year in cash terms. The internal working calculations seen by the BBC reflect the near certainty that the state pension will be increased by average earnings figures released next week. This is due to the triple lock, which means the state pension increases every April by whatever number is highest out of inflation, the average UK wage increase, or 2.5%. The news comes as...
Practice Management State-run auto-IRA plans affect private-sector employers but are most of all intended to benefit their employees. How are those employees responding to them? Overall Positive Effects There is research indicating that these plans, in which employers are required register if they do not already offer retirement coverage to their employees, have a variety of positive effects. A number of researchers report that state auto-IRA programs increase coverage by serving as a catalyst to private-sector employers to establish plans of their own. In the...
Germany is facing a growing concern over the rising number of elderly citizens living in poverty. Recent investigative reports indicate that a staggering 3.2 million pensioners in the country are at risk of economic hardship, a situation worsened by stagnant wages and insufficient pension benefits. As mentioned in reports from the public broadcaster ARD, nearly one in five, or approximately 18.7%, of Germany's pensioners were classified as being at risk of poverty as of 2017. This alarming statistic highlights...
More than 70 per cent of working-age Britons think the state pension will not exist in its current form when they or their children come to retire - but the majority still would not pay into someone else's pension. This is according to research from adviser platform Nucleus, which revealed 71 per cent of people aged 18 and above believe the state pension will not exist or will be less generous when they retire. Carried out among 2,100 UK adults aged...
Nearly half (48 per cent) of UK adults under state pension age do not know when they will receive the state pension. Research by AJ Bell found that 63 per cent of those aged 18-34 did not know when they would receive the state pension, with 54 per cent of 35-49-year-olds also being unaware. Some 28 per cent of those aged 50-64 also admitted not knowing the state pension age. The research also revealed that 72 per cent of UK adults expect their pension...
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