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Pensions News

French govt offers compromise in bid to end transport strike

Paris - France's government Saturday proposed a compromise to end a crippling transport strike against pension reform, with an offer to withdraw a key proposal on raising the retirement age, but trade unions gave the announcement a mixed welcome.

French unions warn of new protests as pension battle heats up

Paris - French union leaders on Friday began crunch meetings with Prime Minister Edouard Philippe and other top officials over a hotly contested pension overhaul that has sparked the country's longest rail strike in history.

Protest songs: Paris Opera musicians chime in with strike concert

Paris - Paris Opera musicians on Tuesday gave a symphonic show of support for the grinding transport strike over the French government's pension overhaul.

France waits on Macron as pension strike stretches on

Paris - French union leaders upped their calls on Monday for President Emmanuel Macron to give ground on a planned pension overhaul, amid signs that support is flagging for a gruelling transport strike now in its 26th day.

French government ready to 'compromise' in pension standoff

Paris - French officials met with union leaders Wednesday hoping to end an impasse over a hotly contested pensions overhaul, 14 days into a crippling transport strike that is casting a shadow over holiday travel plans.

Hundreds of thousands protest in France over pension reform plans

Paris - Hundreds of thousands of French protesters took to the streets Tuesday in a pension reform standoff that has sparked nearly two weeks of crippling transport strikes, with the government vowing it will not give in to union demands to drop the overhaul.

Fresh protests on 13th day of French strike over pension reform

Paris - French workers take to the streets anew Tuesday on the 13th day of a transport strike that has exasperated commuters, hit business turnover, and threatened the holiday plans of thousands a week before Christmas.

France's Macron faces fresh challenge as massive strike looms

Paris - Trains cancelled, schools closed: France scrambled to make contingency plans on Tuesday for a huge strike against pension overhauls that poses one of the biggest challenges yet to President Emmanuel Macron's sweeping reform drive.

Brazil sees $300bn in savings over 10 years with pension reform

Bras - Brazil expects to save more than $300 billion over 10 years through a bill presented to Congress Wednesday that aims to overhaul the country's unsustainable pension system, the government said.

Brazil to save $300 bn over 10 years with pension reform: govt

Bras - Brazil expects to save more than $300 billion over 10 years through a bill presented to Congress Wednesday that aims to overhaul the country's unsustainable pension system, the government said."We need to change the rules of the pension system.

With tiny Russian pensions, work for many never ends

Ulan-ude - From Siberia to central Russia and elsewhere, elderly people are often forced to work past retirement age to supplement their miserly state pensions.

Russians protest pension reform despite Putin concessions

Moscow - Thousands of people across Russia protested Sunday against a deeply unpopular pension reform despite President Vladimir Putin's announcement of several concessions this week.

Putin softens pension reform in face of public anger

Moscow - President Vladimir Putin proposed Wednesday measures to soften a pension reform deeply unpopular among Russians, in an apparent attempt to stem a major fall in his approval ratings.

Taiwan military veterans clash with police in pension protest

Taipei - Protesters including senior military veterans pushed down a gate to Taiwan's parliament building Tuesday and clashed with police as they tried to storm in over pension cutbacks.

Brazilian government admits defeat on pension reform

Bras - Brazil's center-right government has conceded defeat in its attempts to push through controversial cuts to the pension system, which had long been presented as a keystone of austerity reforms.

Argentina's congress passes pension overhaul amid protests

Buenos Aires - Argentina's center-right government managed Tuesday to push through pension overhauls that have prompted several violent protests, with critics saying the changes will weigh heaviest on the poorest sectors of society.

IMF chief tells Ukraine to tackle pricey pension system

Kiev - The IMF's chief to Ukraine told Kiev on Tuesday its pension system was unsustainable because it supported nearly a third of the population and must limit the number of retirees.

Greek police pepper spray protesting pensioners

Atenas - Greek police on Monday fired pepper spray at pensioners protesting against cuts in their state income.

Mass march against Chile's private pension system

Santiago - Hundreds of thousands of people protested Sunday against Chile's privatized pension system, a legacy of late dictator Augusto Pinochet that opponents say is leaving many retirees destitute.

Greece's Tsipras vows to implement pension reform at anniversary rally

Atenas - Leftwing Greek Prime Minister Alexis Tsipras, at a rally Sunday to mark a year in power, stood by a vow to overhaul the country's pension system despite fierce opposition.

Greece defiant on pension cuts ahead of key talks with creditors

Atenas - Greece's prime minister on Sunday said his government will not give in to "unreasonable" demands as the debt-ridden country braces for critical negotiations with international creditors on the thorny issue of pension reform.

Greek pensioners besiege banks to grab cash

Atenas - In chaotic scenes, thousands of elderly Greeks on Wednesday besieged the nation's crisis-hit banks, which reopened to allow them to withdraw vital cash from their state pensions."Let them go to hell!

Op-Ed: Congress should adjust federal spending and give pension bailouts

Pensions are in trouble in the United States, and Congress is poised to pass a spending bill allowing a reduction in pension benefits for millions of workers. This is outrageous.

Op-Ed: What the new ruling on pension taxes means for your inheritance

For UK workers and their families, how they save and bequeath money to heirs has changed dramatically over a relatively short period of time.

Op-Ed: Is downsizing really a viable option for funding retirement? Special

As convenient as it might be for the rest of society if the retirees gave up their family homes, it may not be the best thing for the individuals involved.

Op-Ed: Should personal pension contributions be made compulsory?

London - The 'pension timebomb' narrative might be getting a bit old [sic], but the problem hasn't gone anywhere. If Osborne's saving-centric budget was intended to send a message, it's that the government can't afford to fund us into retirement.

Op-Ed: Pensions — Take the money or run?

Deciding whether an annuity is the right investment has been debated for as long as they've been around, and understanding a few principles can make a vast difference.

Thousands protest against Armenia's new pension plan

Yerevan - Some 6,000 protesters took to the streets of Armenia's capital on Saturday in the latest demonstration against a compulsory pension scheme.

Op-Ed: Defined benefit pensions – just for the public sector?

London - Analysts estimate there will be no defined benefit (DB) pension schemes open to new FTSE 100 hires within the next decade. Meanwhile, in the public sector, DB pensions are still the norm. Why is this? And is it fair?

Boeing to end pension plans for nonunion employees

Boeing Co <BA.N> said on Thursday it will end pension plans for 68,000 nonunion employees, including its chief executive, marking the latest step in the company's shift away from defined-benefit plans.
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Rally for Retirement Security  March 2  2014
Rally for Retirement Security, March 2, 2014
Demonstrators in Moscow chanted "Pension-off Putin!" and carried banners with slogans incl...
Demonstrators in Moscow chanted "Pension-off Putin!" and carried banners with slogans including "We want to live on our pensions and not die at work"
Vasily MAXIMOV, AFP
Rally for Retirement Security  March 2  2014
Rally for Retirement Security, March 2, 2014
Wall Street subway station
Wall Street subway station
Michael Daddino
Rally for Retirement Security  March 2  2014
Rally for Retirement Security, March 2, 2014
Rally for Retirement Security  March 2  2014
Rally for Retirement Security, March 2, 2014
Rally for Retirement Security  March 2  2014
Rally for Retirement Security, March 2, 2014
Untitled
Jared Wong
labour union on strike leaving a colliery in the UK
labour union on strike leaving a colliery in the UK
wikipedia
Rally for Retirement Security  March 2  2014
Rally for Retirement Security, March 2, 2014
Untitled
indianexpress
Rally for Retirement Security  March 2  2014
Rally for Retirement Security, March 2, 2014
Iain Duncan Smith  is a British Conservative Party politician and Secretary of State for Work and Pe...
Iain Duncan Smith, is a British Conservative Party politician and Secretary of State for Work and Pensions. His welfare reforms promise to reform the benefit system and bring it into the the 21st century.
Brian Minkoff - London Pixels

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