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Sunday, October 20, 2019

Tag: pension

Sweden to raise retirement age to 62 next year

Politicians have voted to gradually raise the pensionable age in order to sustain the system.

With 1/3 of national budget for civil servants, pension review a...

Former Cuepacs secretary-general AH Ponniah says the government has no choice but says any change should go through a royal commission

Cuepacs wants current pension scheme maintained

The union says pension is a form of appreciation from the government.

Contract scheme can help those with business ideas, says NGO

Philip Wong said the proposed scheme would encourage public servants to think of new income streams, while PBB man calls for in-depth study.

Not all civil servants deserve pension, says academic

Pension is critical to survival for some, but a former senior civil servant says it's outdated.

Dump civil service contractual scheme idea, PKR MP tells Putrajaya

Kapar MP Abdullah Sani says pensions are a form of thanks and appreciation for civil servants for their service.

Contractual system to replace permanent, pension schemes for public service

Public Service Department director-general Borhan Dolah says the contractual scheme will allow better pay, welfare and protection.

Singapore PM’s wife defends his seven-figure pay on Facebook

The city-state has previously said that million-dollar ministerial earnings prevented corruption and helped attract and retain talent.

Cut civil service to spare more funds for development

Already, 80% of the federal budget goes towards operating expenditure, a large chunk of which goes into paying salaries and pensions.

Nicol deserves more than just her pension, says Syed Saddiq

Minister says Nicol is an eight-time world champion and has contributed much to the nation.

Employers to pay less to EPF for workers above 60

Employees' contribution reduced to zero to enable them to increase their take-home pay, says the pension fund.

Court orders govt to pay nonagenarian 38 years of pension arrears

The High Court directed the government to recalculate pension payments due to 99-year-old Alagan Mayalagan following a PSD decision in the past that had resulted in reducing his pension payments.

‘Pension, healthcare costs more pressing than RM1 trillion debt’

EPF official moots a different pension scheme, warning that pension payments and healthcare costs will continue to rise.

Russian police detain nearly 300 protesting against pension reform

The protests, which police sometimes broke up by beating participants, were a challenge to the authorities.

Anti-Kremlin protesters rally across Russia against pension age hike

Opposition leader Alexei Navalny, barred from state TV and prevented from running against Putin for president earlier this year, hopes to tap into public anger over the reform.

Despite Putin’s concessions, Russians protest pension reform law

Putin offered to cut the proposed retirement age for women to 60, from a retirement age of 63 first proposed by the government.

Putin dilutes pension reform that has hit his popularity

Putin took responsibility for the reform which he said was needed to protect state finances, ensure social stability and safeguard national security.

Thousands of Russians protest against pension age hike

Protests took place in dozens of cities and towns in far eastern Russia, Siberia and western Russia.

Russians protest as Duma debates unpopular pension reform

The Russian government's proposal would raise the pension age by five years for men and eight years for women.

Taiwan passes controversial bill cutting veterans’ pensions

Senior veterans will see their monthly stipend cut by more than 20% over the next decade, after a smaller initial drop, according to official estimates.

Former MACC chief Dzulkifli Ahmad forced to retire?

A source says the king agreed to the government's advice on the matter after the termination of his service with the Judicial and Legal Service.

Romania to maintain fiscal stimulus policy until 2020

Romania’s government will maintain its policy of cutting taxes and raising the minimum wage and state pensions until 2020 in a bid to improve living standards.

10,000 march in Chile against Pinochet-era pensions

A mass protest against privatised pensions instituted by Augusto Pinochet was held in Santiago.

Two killed in Nicaragua pension protests

A protester and a policeman were killed in Managua during protests about pension reform.