Here are a few of the stories I have been following about retirement planning and pensions from around the world, enjoy
From the Republic of Belarus
The Youngest Pensioners in the World
Belarus Digest
To put it into context - in Poland the Parliament recently approved the increased the retirement age to 67 for most Poles. Today pensioners in Belarus make almost a third of the population. Still young Belarusians know little about pensioners' lives ...
See all stories on this topic »
From Canada
The Youngest Pensioners in the World
Belarus Digest
To put it into context - in Poland the Parliament recently approved the increased the retirement age to 67 for most Poles. Today pensioners in Belarus make almost a third of the population. Still young Belarusians know little about pensioners' lives ...
See all stories on this topic »
From Canada
Value of PRPP questionedBenefits Canada
Touted as a practical solution for those who currently don't have access to a workplace pension, the pooled registered pension plan (PRPP) also holds the potential to create a new revenue stream for the industry. Several of the large retirement service ...
Baby boomers risk “retirement stress” by looking to houses as nest eggs: BMO ...
Toronto Star
Mortgage broker and financial counsellor Ross Taylor says he's got several clients in their 50s who have bought bigger homes because they see real estate as the best chance to make the gains needed to compensate for the lack of adequate pension plans.
Carrick on money: You and your money nightmares
Globe and Mail
A pension consultant asks whether the federal government's plan to introduced pooled registered pension plans is effectively dead as a result of a lack of interest by the provinces. The PRPP is a way for small businesses to offer retirement savings ...
Touted as a practical solution for those who currently don't have access to a workplace pension, the pooled registered pension plan (PRPP) also holds the potential to create a new revenue stream for the industry. Several of the large retirement service ...
Baby boomers risk “retirement stress” by looking to houses as nest eggs: BMO ...
Toronto Star
Mortgage broker and financial counsellor Ross Taylor says he's got several clients in their 50s who have bought bigger homes because they see real estate as the best chance to make the gains needed to compensate for the lack of adequate pension plans.
Carrick on money: You and your money nightmares
Globe and Mail
A pension consultant asks whether the federal government's plan to introduced pooled registered pension plans is effectively dead as a result of a lack of interest by the provinces. The PRPP is a way for small businesses to offer retirement savings ...
From China
Consolidating social security
China Daily
And for pensioners who want to have a comfortable retirement, a government pension plan paying less than 50 percent of average salary is hardly sufficient. But the greatest triumph of the last decade and conversely its greatest danger is that citizens ...
Private retirement scheme to create jobs, facilitate skill transfer
Sin Chew Jit Poh
Ooi said pension reforms are seen taking place aggressively in Asean countries to address rapidly-ageing demographics and ever-rising pension costs. He said a scheme like the Private Retirement Scheme requires strong skills and a solid technological ...
Experts call for labor insurance reform
Taipei Times
Taking a worker with a monthly wage of NT$32,000 as an example, upon retirement, they could receive NT$4,957 from the Labor Pension and NT$14,880 from the Labor Insurance Annuity, for an income-replacement rate of 61.9 percent. Hsieh said it is even
From Greece
Greek court: Pension cuts, retirement age hikes may be unconstitutional
FXstreet.com
Greek court: Pension cuts, retirement age hikes may be unconstitutional. Thu, Nov 01 2012, 15:13 GMT | Forex Live. Related News. Euro rallies in Europe, surrenders gains in America · Forex Flash: Asset performance review in October – Deutsche Bank ...
China Daily
And for pensioners who want to have a comfortable retirement, a government pension plan paying less than 50 percent of average salary is hardly sufficient. But the greatest triumph of the last decade and conversely its greatest danger is that citizens ...
Private retirement scheme to create jobs, facilitate skill transfer
Sin Chew Jit Poh
Ooi said pension reforms are seen taking place aggressively in Asean countries to address rapidly-ageing demographics and ever-rising pension costs. He said a scheme like the Private Retirement Scheme requires strong skills and a solid technological ...
Experts call for labor insurance reform
Taipei Times
Taking a worker with a monthly wage of NT$32,000 as an example, upon retirement, they could receive NT$4,957 from the Labor Pension and NT$14,880 from the Labor Insurance Annuity, for an income-replacement rate of 61.9 percent. Hsieh said it is even
From Greece
Greek court: Pension cuts, retirement age hikes may be unconstitutional
FXstreet.com
Greek court: Pension cuts, retirement age hikes may be unconstitutional. Thu, Nov 01 2012, 15:13 GMT | Forex Live. Related News. Euro rallies in Europe, surrenders gains in America · Forex Flash: Asset performance review in October – Deutsche Bank ...
From Malta
Expenditure on social security benefits up
Malta Independent Online
Expenditure on social security benefits increased by 6.8 per cent in the first nine months mainly due to higher expenditure on Pensions in respect of Retirement, Children's Allowances and Bonuses. The total expenditure on social security benefits for ...
Expenditure on social security benefits up
Malta Independent Online
Expenditure on social security benefits increased by 6.8 per cent in the first nine months mainly due to higher expenditure on Pensions in respect of Retirement, Children's Allowances and Bonuses. The total expenditure on social security benefits for ...
Pension pot is the pits for women as they are hit hardest by the downturn
Mirror.co.uk
Lynn Graves, Head of Business Development, Corporate Pensions at Scottish Widows, says: “A lot of progress has been made in raising awareness of how important it is for us to prepare for retirement and in making it easier for people to save, but we ...
Mirror.co.uk
Lynn Graves, Head of Business Development, Corporate Pensions at Scottish Widows, says: “A lot of progress has been made in raising awareness of how important it is for us to prepare for retirement and in making it easier for people to save, but we ...
Pensioners can't afford to stop work
This is Plymouth
The default retirement age in the UK was fully abolished last year, with employers prevented by law from compulsorily retiring workers once they reach the age of 65. The Government recently announced pension changes aimed at ensuring people have
This is Plymouth
The default retirement age in the UK was fully abolished last year, with employers prevented by law from compulsorily retiring workers once they reach the age of 65. The Government recently announced pension changes aimed at ensuring people have
Low paid workers hit by poor pension provision and low contribution rates
Ekklesia
The TUC Pensions Scorecard report examines the membership, contribution rates and governance of workplace pensions across the UK, as well as the retirement incomes they generate, identifying trends and areas where improvement is most needed.
Ekklesia
The TUC Pensions Scorecard report examines the membership, contribution rates and governance of workplace pensions across the UK, as well as the retirement incomes they generate, identifying trends and areas where improvement is most needed.
Picking the Right QROPS Pension as an Expat
iExpats.com
Picking the right expat pension means living wherever you like in the world while still minimising your tax and escaping retirement saving restrictions in the UK. The key to saving tax is understanding the interaction between tax and residence as an expat.
NAPF to reshape pensions council structure
Employee Benefits
“The new structure means the NAPF will be even better placed to deal with the changing challenges of the pensions and retirement agenda. “The current council configuration has worked very well but, looking ahead, we want the right structures in place ...
iExpats.com
Picking the right expat pension means living wherever you like in the world while still minimising your tax and escaping retirement saving restrictions in the UK. The key to saving tax is understanding the interaction between tax and residence as an expat.
NAPF to reshape pensions council structure
Employee Benefits
“The new structure means the NAPF will be even better placed to deal with the changing challenges of the pensions and retirement agenda. “The current council configuration has worked very well but, looking ahead, we want the right structures in place ...
From Zambia
Your pension: are you saving enough for your life after retirement? (Part II)
Times of Zambia
Before going into details I would like to give a brief background about pensions in Zambia, thanks to Mr Justine Kabwe (Insurance Institute of Zambia president) for contributing some points to this topic. Please note that a detailed account on this ...
Times of Zambia
Before going into details I would like to give a brief background about pensions in Zambia, thanks to Mr Justine Kabwe (Insurance Institute of Zambia president) for contributing some points to this topic. Please note that a detailed account on this ...
From the USA
Pension Reform: Delving into the Ambiguities of California's New Law
PublicCEO.com
Among other things, the 10-point plan raises the retirement age and decreases the benefit factors for new members, requires new members to pay for a portion of their retirement benefits and includes a cap on the salary used to calculate pensions.
Pasadena boosts wages, makes workers pay more for benefits
Pasadena Sun
“This is a fundamental shift in pension reform that makes public sector employees in Pasadena responsible for their retirement costs,” said city spokesman William Boyer. “In the decades to come, the accumulated savings will be potentially in the ...
Orange County Votes For Four Event-Driven Hedge Funds
FINalternatives
The Orange County Employees Retirement System voted last week to award between $26 million and $51 million each to Archer Capital Management, Beach Point Capital Management, Perry Capital Management and Venor Capital Management, Pensions ...
CSRS offset retirement and Social Security
Federal Times (blog)
Will I draw a Social Security check and a pension check from my agency each month? I have more than 31 years with the U.S. Department of Labor, and I'm retiring in a couple of weeks. A. No, you won't. You'll receive a monthly annuity payment from the US
PublicCEO.com
Among other things, the 10-point plan raises the retirement age and decreases the benefit factors for new members, requires new members to pay for a portion of their retirement benefits and includes a cap on the salary used to calculate pensions.
Pasadena boosts wages, makes workers pay more for benefits
Pasadena Sun
“This is a fundamental shift in pension reform that makes public sector employees in Pasadena responsible for their retirement costs,” said city spokesman William Boyer. “In the decades to come, the accumulated savings will be potentially in the ...
Orange County Votes For Four Event-Driven Hedge Funds
FINalternatives
The Orange County Employees Retirement System voted last week to award between $26 million and $51 million each to Archer Capital Management, Beach Point Capital Management, Perry Capital Management and Venor Capital Management, Pensions ...
CSRS offset retirement and Social Security
Federal Times (blog)
Will I draw a Social Security check and a pension check from my agency each month? I have more than 31 years with the U.S. Department of Labor, and I'm retiring in a couple of weeks. A. No, you won't. You'll receive a monthly annuity payment from the US
Some public employees claim they're being 'bullied' into paying more for their ...
Journal Times
That's “bullying,” according Sheriff's Deputy Tim Graves, because Act 10 says that law enforcement officers are not required to pay toward their pensions. “It's very clear the intention of this county is goading the deputies into paying a portion of ...
Are women better with finances than men?
Fresh Business Thinking
"Pensions can seem unfamiliar and perplexing or something to think about when you're much older," Steve Webb, Minister for Pensions, said. "That's why we are taking the hassle out of retirement planning by introducing automatic enrolment which will see ...
Cash-flow forecasting can give clarity needed for successful retirement
InsideHalton.com
The danger of retirement planning is mistaking what you want with what you need. Our last two articles talked about the lessons individuals can learn from pension fund managers. The conclusion was that having a target rate of return is critical. A ...
Equality rules 'hit pension plans'
Aol Money
But a lack of clarity over how the rates will affect pricing when the new rules come in is making the market more complicated for financial advisers to work out, according to Primetime Retirement. The retirement income specialist said around six out of ...
Contra Costa pension board to follow state law but faces legal fight
San Jose Mercury News
CONCORD -- Contra Costa County's retirement system board will comply with a new state pension rule and apply an anti-spiking provision to potentially thousands of current public employees. In a tortured 7-2 vote Tuesday, the Contra Costa Employees' Teachers' Pension Keeps Rate of Return At Lofty 8%
statepolitics.lohudblogs (blog)
The state Teacher's Retirement System had a rate of return of 2.8 percent for the last fiscal year. But it's still keeping its estimated annual rate of return at 8 percent. Critics have blasted public pension funds that have retained a high rate of ...
State's Pension Reform Amendment Falls Short
Huffington Post
Looking back 10-15 years, every pension vote that increased benefits has received well over a simple majority of yes votes, according to the Illinois Municipal Retirement Fund (which has no position on the amendment). And many of those bills used ...
Fifth of over 50s face 20% income fall on retirement
FT Adviser
Based on income that households get from state and private pensions, the institute estimated that two-fifths of those approaching the state pension age will see their income fall by more than a third on retirement. By broadening the definition of ...
Journal Times
That's “bullying,” according Sheriff's Deputy Tim Graves, because Act 10 says that law enforcement officers are not required to pay toward their pensions. “It's very clear the intention of this county is goading the deputies into paying a portion of ...
Are women better with finances than men?
Fresh Business Thinking
"Pensions can seem unfamiliar and perplexing or something to think about when you're much older," Steve Webb, Minister for Pensions, said. "That's why we are taking the hassle out of retirement planning by introducing automatic enrolment which will see ...
Cash-flow forecasting can give clarity needed for successful retirement
InsideHalton.com
The danger of retirement planning is mistaking what you want with what you need. Our last two articles talked about the lessons individuals can learn from pension fund managers. The conclusion was that having a target rate of return is critical. A ...
Equality rules 'hit pension plans'
Aol Money
But a lack of clarity over how the rates will affect pricing when the new rules come in is making the market more complicated for financial advisers to work out, according to Primetime Retirement. The retirement income specialist said around six out of ...
Contra Costa pension board to follow state law but faces legal fight
San Jose Mercury News
CONCORD -- Contra Costa County's retirement system board will comply with a new state pension rule and apply an anti-spiking provision to potentially thousands of current public employees. In a tortured 7-2 vote Tuesday, the Contra Costa Employees' Teachers' Pension Keeps Rate of Return At Lofty 8%
statepolitics.lohudblogs (blog)
The state Teacher's Retirement System had a rate of return of 2.8 percent for the last fiscal year. But it's still keeping its estimated annual rate of return at 8 percent. Critics have blasted public pension funds that have retained a high rate of ...
State's Pension Reform Amendment Falls Short
Huffington Post
Looking back 10-15 years, every pension vote that increased benefits has received well over a simple majority of yes votes, according to the Illinois Municipal Retirement Fund (which has no position on the amendment). And many of those bills used ...
Fifth of over 50s face 20% income fall on retirement
FT Adviser
Based on income that households get from state and private pensions, the institute estimated that two-fifths of those approaching the state pension age will see their income fall by more than a third on retirement. By broadening the definition of ...
