Defined Contributions News Today

The 900 auto parts workers, who had been on strike since last Wednesday were summarily ordered back to work for Monday and Tuesday without receiving any details of the proposed deal nor given any immediate information on the date for a contract ratification vote. 

The Kenya Pipeline Retirement Benefits Scheme has two Schemes, Defined Benefits (DB) Scheme and a Defined Contributions (DC) Scheme. The schemes were established to provide cash benefit and pensions for permanent and pensionable employees of Kenya Pipeline Company upon retirement or withdrawal from employment as well as a relief for the dependents of the deceased…

Retirement Package Dialogues, financial resources, GDP, Pakistan, International Labor Organization (ILO) report

Americans who receive health insurance through their jobs generally have little flexibility: 86 percent of employers in the country offer only one plan. This system of “defined benefits” has worked well for expanding group coverage, but severely limits options for individuals, and has not kept costs from skyrocketing. Recipients of employer-sponsored health insurance also lose their current coverage when they leave or switch jobs. In Utah, state policymakers have taken a different approach, ...

RECENTLY, civil servants have been lamenting the lower standard of living they are now experiencing in retirement. There have been complaints of pensioners waiting for an unduly long time to st...

Back in 2020 the Pissarides Commission report became the focus of discussion in Greece, written by four distinguished academic economists headed by the Nobel Laureate, LSE economist, Chris Pissarides.

Back in 2020 the Pissarides Commission report became the focus of discussion in Greece. The report examined the main characteristics and trends of the Greek economy, from a national and a global perspective.

Minister for Pensions Laura Trott announces shake-up of private pensions to create fairer, more predictable, and better-run pensions.

Strikes by cabin crew, pilots and ground handling staff in airline industry in Germany, Spain, France, Belgium, Italy and Portugal continue over pay and conditions; further UK rail strikes against attacks on jobs, pay and pensions, as dockers and Royal Mail workers plan walkouts and health workers ballot over pay; public sector workers in Lebanon continue stoppage over economic collapse, with 332 percent increase in food prices in first half of 2022; protests in Iraq against power outages as tem...

Actual and market expectations of inflation in the short-to-medium term have increased to historic highs. What does it mean for pension plans?