Pensions News

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

By AFP

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

By AFP

With tiny Russian pensions, work for many never ends

By AFP

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

By AFP

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

By AFP

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

By AFP

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

By AFP

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

By AFP

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

By AFP

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

By AFP

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

By AFP

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

By AFP

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

By AFP

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

By AFP

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

By Calvin Wolf

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

By Jenna Cyprus

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

By Katherine Ogilvie

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?

By Alan Cairns

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?

By Roger Byrne

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

By AFP

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?

By Alan Cairns

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

By Reuters

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.

Albertans rally for retirement security Special

By Paula Kirman

Edmonton - Around 1,000 people from across the province of Alberta rallied at Churchill Square in Edmonton on March 2 to protest changes to the province's pension plan, proposed by Premier Alison Redford.

Tentative China pension reforms tackle inequality, but financing issues remain

By Reuters

China's latest step to overhaul its pension system to even out payments between urban and rural residents is a move experts say is more symbolic than sweeping.

Report: Americans hold positive attitudes on aging populations

By Michael Krebs

In a new study published by the Pew Research Center, American attitudes toward aging and their projected prospects in their golden years are seen as firmly positive.

Op-Ed: Wall Street and the great pension fund heist of the 21st Century

By Craig Boehman

We don't give Wall Street interests nearly enough credit for stealing public money to finance their gambling habits. They've been lusting after public monies for years, and now they're having their way with pension funds. Big time.

Op-Ed: U.S. Treasury 'borrows' from federal employee pension fund─again

By Leigh Goessl

Washington - This week the U.S. Treasury made the decision to "borrow" money from the federal employee pension fund. This is not the first time this has been done, but is it really a solution?

UK: Millions face tax hike under new pension plans

By Eileen Kersey

Government proposals, in the UK, to reform pensions will see winners and losers. It is estimated that higher national insurance contributions will mean, in effect, a tax rise of 1.4p in the pound, for more than 6 million workers.

Op-Ed: The man who wants pensioners to work for their pittance

By Alexander Baron

London - Yesterday, Wednesday, the London 'Evening Standard' reported that Lord Bichard wants pensioners to work for their pensions, but who is this man who is preaching austerity for our elderly?

Op-Ed: Benefit changes threaten the poor

By Alexander Baron

The British Government is moving the payment of all state benefits on-line. As usual, this has been done without any consultation or consideration for the people at the bottom.

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Rally for Retirement Security, March 2, 2014

Paula Kirman

indianexpress

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