In the past year, Germany's pension insurance paid out over 1.7 million pensions abroad, a figure consistent with the previous year. This represents about 6.5% of all pension payments, with a 20% increase observed since 2005. Many recipients are former guest workers from Italy, Spain, Greece, the former Yugoslavia, and Turkey.
Retired Indian railway employees demand 'one rank one pension,' pay revisions, and improved benefits from the 8th Pay Commission to combat inflation and address pension parity concerns.
Under India's New Tax Regime, salaried employees and pensioners can claim a ₹75,000 standard deduction, employer NPS contributions (up to 14% of salary), and interest deductions on home loans for let-out properties, reducing taxable income.
Starting June 1, certain Russian citizens will receive a pension increase. This includes individuals who turned 80 in May, those with first-group disabilities, and pensioners who applied for recalculation due to dependents in May. Some increases require an application, while others are automatic.
The IMF has advised UK Chancellor Rachel Reeves to maintain spending limits, warning against caving to demands for government support. The advice, while milder than previous rebukes, urges focus on controlling welfare costs and efficiency in public services. The article questions the untouchability of pensioner benefits compared to those for younger generations and those in work.
An interim warning from the UK's Pensions Commission highlights that 15 million Britons aren't saving enough for retirement. Issues include low-paid and self-employed workers, gender and ethnic pension gaps, and risks from pensioner freedoms.
The UK government has retreated from plans to mandate pension funds to invest in UK assets after heavy opposition from providers. The Mansion House Accord, which saw 17 major providers voluntarily pledge 10% allocation to private markets, faced a proposed "backstop" power that would have made contributions enforceable. Following House of Lords resistance and provider warnings about fiduciary duty, the final legislation heavily dilutes these powers – they cannot be used before 2028 and will expire by 2032-2035, with a "saver's interest test" requiring regulator approval.
