Tag: Pension Reform
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National’s KiwiSaver plan could add millions to balances — but there’s a catch
National’s plan to raise KiwiSaver contributions to 12% could boost balances New Zealanders saving for retirement could see substantial increases in their KiwiSaver balances if the National Party’s policy to lift contributions to 12% is implemented. The projected uplift in savings is attractive: higher ongoing contributions can compound over years, delivering a larger nest egg…
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KiwiSaver pledge faces scrutiny as apples-to-apples comparison questioned
KiwiSaver pledge under close watch as comparison comes under fire New Zealand’s political debate around retirement savings has sharpened focus on a pledge to lift the KiwiSaver contribution rate to Australian levels. Prime Minister Christopher Luxon outlined a gradual plan, stating that if re-elected next year, the government would phase in higher employee and employer…
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World Bank Urges Expanding Cash Aid for Malaysia’s Seniors
World Bank Urges Expanding Cash Aid for Malaysia’s Seniors The World Bank is urging Malaysia to widen the reach of its social pension scheme, arguing that the current coverage of the Bantuan Warga Emas (BWE) is too narrow to meaningfully alleviate elder poverty. In a recent report on Malaysia’s social protection landscape, the World Bank…
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Lecornu Survives Two No-Confidence Votes as France Weighs Next Budget Challenges
Moment of Truth for France’s New Prime Minister French Prime Minister Sébastien Lecornu narrowly dodged two votes of no confidence in the National Assembly, a sign that the country remains deeply divided and that governing in a hung parliament will be a perpetual test for his administration. Each motion required 289 votes to pass, and…
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Lecornu Survives Two No-Confidence Votes as France Faces a Hung Parliament
Two No-Confidence Votes Fall Short, but the Crisis Isn’t Over French Prime Minister Sébastien Lecornu narrowly escaped a pair of confidence motions in the National Assembly, a day that underscored the fragility of Emmanuel Macron’s coalition and the country’s hung parliament. Both motions were dramatic tests of support, but only one had a realistic path…
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France PM Lecornu survives no-confidence votes amid budget battle
Two votes, one fate: Lecornu survives, for now France’s prime minister, Sébastien Lecornu, has miraculously withstood two separate motions of no confidence in the National Assembly, a crucial moment that underscored the country’s fragile parliamentary balance. The first motion, filed by the left-wing La France Insoumise (France Unbowed), came within a whisker of toppling him,…
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France Suspends Pension Reform to Avert Government Collapse as No-Confidence Debates Loom
France Suspends Pension Reform to Avert Government Collapse Paris — In a move framed as a bid to stabilize a fragile minority government, Prime Minister Sébastien Lecornu announced on Tuesday that France’s controversial pension reform would be suspended. The plan to raise the retirement age from 62 to 64, a flagship initiative of President Emmanuel…
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France Suspends Pension Reform to Avert Government Collapse
France suspends pension reform to avert government collapse In a high-stakes move aimed at stabilizing a fragile minority government, French Prime Minister Sébastien Lecornu announced the suspension of the controversial pension reform that would raise the retirement age from 62 to 64. The pause, declared during a policy speech at the National Assembly, is designed…
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France Suspends Pension Reform to Avert Government Collapse as 2027 Election Looms
France Moves to Pause Pension Reform as Political Pressure Mounts In a decisive turn aimed at stabilizing a fragile minority government, French Prime Minister Sébastien Lecornu announced on Tuesday that Paris would suspend the controversial pension reform, which seeks to raise the retirement age from 62 to 64. The pause is designed to prevent a…
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Macron Reappoints Lecornu as PM: A Second Chance in a Fractured Parliament
France’s political crisis deepens as Lecornu returns to the premiership French President Emmanuel Macron reignites a controversial gamble by reappointing Sebastien Lecornu as prime minister just days after Lecornu’s original resignation. The move, announced in Paris on Friday, shows Macron’s willingness to gamble on loyalists in a parliament that remains deeply divided and resistant to…