Korea Proposes Pension Reform
The world’s third-largest pension fund is in jeopardy of being depleted by 2057.
The world’s third-largest pension fund is in jeopardy of being depleted by 2057.
Jair Bolsonaro plans to meet with incumbent Temer to jump-start effort.
Government plans to boost pension spending to $35.2 billion in four years.
Put beginning teachers and government workers into a hybrid plan to trim the state’s funding deficit, group says.
Putin’s silence leads to heavy criticism, harking back to his earlier pledge to not raise the eligibility level.
Credit rating agencies say fixes for the severely underfunded retirement system don’t go far enough.
State will contribute $225 million extra annually, and both employer and employee contributions rise.
Sides still disagree on troubled public pension reform system.
After news leak, jurist skeptical of reductions retires early in protest.
A number of differences in the House and Senate versions of a new bill calls for debate.
Report cites progress made, but says more work needed on closing gender gap.
Three bills aimed at lowering state pensions costs are shot down by Senate committee.
Democratic AG seeks to overturn GOP-passed measure that would move teachers into a hybrid retirement plan.
Report says pension cuts reduce the public sector’s ability to compete for new employees.
Four-plus hour debate leaves Democratic, Republican leaders equally dissatisfied with reform.