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Pension

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About Pension


A pension is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments.

Triple lock means state pension set to rise by 8. 5% in April

Triple lock means state pension set to rise by 8. 5% in April
Sep 12,2023 4:41 am

...By Kevin PeacheyCost of living correspondentThe state Pension is likely to rise by 8...

Sarah Everard: Killer Wayne Couzens should not get pension, London mayor says

Sarah Everard: Killer Wayne Couzens should not get pension, London mayor says
Apr 1,2023 11:51 pm

...By Tom SymondsHome affairs correspondentSarah Everard s killer Wayne Couzens could be in line for a £7,000-a-year police Pension, says Mayor of London Sadiq Khan - who has called for the ex-officer to be stripped of the benefit...

Can I get a cold weather payment and how much are they?

Can I get a cold weather payment and how much are they?
Dec 6,2022 4:20 pm

... How does this differ from the Winter Fuel Payment? is a different benefit, paid out to Pensioners...

Why Ukraine crisis could cause global price rises

Why Ukraine crisis could cause global price rises
Feb 24,2022 9:57 pm

... Yet there are millions of people with a Pension - either private or through work - whose savings are invested in the stock market...

Fight for payment of UK pensions lost in Yemen warzone

Fight for payment of UK pensions lost in Yemen warzone
Feb 17,2022 4:23 am

...Thousands of men who left their families in Yemen in the 1950s and worked for decades in British factories before returning to their war-torn homeland say they are facing a daily struggle to survive after their UK state Pension payments were stopped without explanation...

Social care changes: How will the new system work?

Social care changes: How will the new system work?
Nov 18,2021 5:50 pm

... How will the changes be funded? National Insurance (NI) - which working people and their employers pay to ensure benefits like the state Pension - will rise by 1...

Why should I care if prices fall?

Why should I care if prices fall?
Feb 28,2020 9:01 pm

... However, there are millions of people with a Pension, either private or through work, who their savings (in what is known as a defined contribution Pension) invested in Pension schemes...

French reforms: Why is France the resistance against Macron, press ' s on pensions

French reforms: Why is France the resistance against Macron, press ' s on pensions
Feb 17,2020 3:30 am

... President Emmanuel Macron application of a fundamental Reform of the post-war Pension system reached the National Assembly on Monday, before a long period of debate...

French reforms: Why is France the resistance against Macron, press ' s on pensions

Feb 16,2020 10:22 am

Firefighters set each other on fire during a Demonstration in the centre of Paris in the last month

The rolling transportation strike that crippled Paris have ceased through much of December and January, as an empty pay packet post-Christmas took their toll. Instead, there was a change of tactics, with the more radical trade unions are now planning to sporadic days of action.

President Emmanuel Macron application of a fundamental Reform of the post-war Pension system reached the National Assembly on Monday, before a long period of debate.

The moment is marked by a strike of the Paris Metro , and more protests on Thursday.

For the government, the pressure of The Street has diminished considerably, although the protests draw tens of thousands.

But the greater difficulty is, with the wider public, surveys continue to show a majority of The Strikes , and the rejection of the government's handling of the reform.

The Pension Problem has also served as a rally cry for all of the other complaints against President Macron.

Macron changed his plans

The proposed law would be a fundamental Reform of the country after the war Pension scheme, the merger of 42 existing private and public sector Regime to a universal points-based system. Early retirement privileges enjoyed from some of the workers would come to an end.

President Macron began, with a kind of reform, then, as the protests grew up he tried to convert to a different.

The original proposal sold to The Public , was the creation of a fairer system, by all the in - and out of - the same Pension pot under the same rules. It was a "systemic" reform, the use of the language.

But somewhere along the way, it was also a "parametric" reform. In other words, the decided government, now was the moment to you in order to push the numbers to ensure that The System will survive in the long term financially.

change the

Somewhere in the, the government decided it had to be written so that people have to go to work longer, later in the retirement Life .

"Macron-and pensions - it is Not!", a transport worker's poster In Paris

may be This Eminent was is reasonable, but it was not what was advertised in the government. And the trade unions - even the "moderate" - with the cross got.

The Number of French people who really understand the pensions reform can be seen in the fingers and toes.

What on earth, for example, is the difference between an age-de pivot (the age of the pivot) and an old d'équilibre (the age of the balance)?

you both have something to do with the year that the claim first, your Pension , and whether or not you get punished or rewarded.

The government says that it backed down in response to the protests, the task of the pivot age in favor of the latter.

And yet no one in France can find out what that means.

Meanwhile, the government has Set Up a working group to report on the possibilities of the stabilization of the current €14bn (£11. 5 billion; $15bn) Pension Deficit .

Pension spending

cost per country as a percentage of GDP

source: OECD

So what does it mean for France, the workforce?

Who are The Winners and losers are?

Most of the employees in The Public service get a lot of their compensation in the form of bonuses.

But the teachers only get it directly. In the new universal Pension system, which is not good, because for the First Time bonuses will be used in the calculation of who gets what.

So, teachers fear that they will lose. The government says it will compensate for the increase in teacher salaries.

But will it? And by how much?

the farmers, the mothers and the low income earners are all the way to the future beneficiaries of the new system.

U-Bahn and the train drivers suffering because of the end of their special status.

But some of the other special Status will survive, as for the army and the police. Lawyers are admitted to their specific caisse (Fund), with its massive surplus - for a while.

What happens now?

The National Assembly will prepare the staff record, this is the mother of all reforms.

There are technically two laws before the Parliament.

One is an ordinary law, And One is an "organic" law. The far-left opposition submitted by the 20,000 changes to the Committee; the Council of state has decided to engage in some aspects, the intention of the government, regulations for the implementation of the reform still needs to be clarified.

For Six Weeks in December and January, the Paris transport system was heavily disrupted by the union's protests against the reforms

it Is a miracle that The Pension reforms, the longest of the opposition have raised since President Macron to power?

The Key point is that people don't necessarily like the idea of a universal points like-based system.

After All , as The President says, his much-vaunted prime characteristic - and what distinguishes you from the dreaded Anglo-Saxon systems - remains intact.

It is and remains a single "share-out" system, in which the workers pay and the retirees take. There is no fear of Pension funds.

no, the Central point of the reform is that Most People find it easy to make impossible, the head or tail.



emmanuel macron, france, france yellow vest protests, strike action, france pension reforms

Source of news: bbc.com

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