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#pensions

5 posts5 participants0 posts today
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☮ ♥ ♬ 🧑‍💻

Day 29 👴🏻🧓

“#PeterDutton has again refused to say exactly how the #Coalition would make its promised cuts to #migration, declining to say which #SkilledWorker groups would be reduced or whether his target is even achievable given previous carveouts for working holidaymakers and families.

The opposition leader did say cuts to #foreign worker numbers could be dealt with in part by allowing #pensioners to work more hours without reducing their #pensions.”

Retire, then work ‘em till they drop.

#AusPol / #Liberals / #LNP / #Nationals / #Work / #SkilledWorkers <theguardian.com/australia-news>

The Guardian · Peter Dutton still coy about details on skilled migration cuts and EV policiesBy Josh Butler
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The Japan Times

The ruling Liberal Democratic Party notified the main opposition Constitutional Democratic Party of Japan on Thursday that it plans to submit a pension system reform bill to parliament around mid-May. japantimes.co.jp/news/2025/04/ #japan #diet #ldp #pensions

The Japan Times · LDP plans to submit pension reform bill in mid-MayBy The Japan Times
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Snowshadow 🇨🇦

👋 Excellent article covering many areas, here is one excerpt:
"The irony is that even as #Trump and #Poilievre lament the disappearance of the middle class, they aim to put the very last nails in its coffin by eliminating public sector bargaining, defunding public #education and #health care, cutting #social services, undermining secure #employment and #pensions, and leaving #housing strategies to be dictated by developers and the market. "

#Canpoli #Canada #cdnpoli

thetyee.ca/News/2025/04/22/Wha

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Emeritus Prof Christopher May

Nor for the first time companies have reduced their contributions (by an inflation adjusted 30% over the past 3 years) when interest rates have been rising & future liabilities are again fully covered.

However, the continued closure of DB schemes to be replaced by defined contribution pensions has also likely contributed to this funding drop, as pension risk(s) are passed to workers.

Companies are reducing staff benefits quietly (which is reducing pay, really)!

#workers #pensions
h/t FT

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