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Retirement Plan Employee Benefits International Labor Laws

Ius Laboris

The gender pensions gap: what is it and what can we do about it?

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Introduction - The gender pensions gap refers to the average difference in pension wealth between men and women. There are different ways to measure it. For example, looking at how much pension is built up at different...more

Stikeman Elliott LLP

Québec’s Unique Pension and Benefits Law Requirements for Employers: Two Illustrations

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When engaging employees (or acquiring a business that engages employees) in the Canadian province of Québec, employers and prospective employers should note two unique pension and benefit law requirements, which are absent in...more

Mayer Brown

Mexican Retirement Funds Financial Regulations Amended

Mayer Brown on

On February 16, 2024, the Ministry of Finance and Public Credit, through the National Commission of the Retirement Savings System (“CONSAR”), issued an amendment to the General Financial Provisions of the Retirement Savings...more

Mayer Brown

Hong Kong Government to Relax "418" Continuous Contract Requirement under the Employment Ordinance

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The Hong Kong Government announced that it will relax the "continuous contract" requirement (known as the "418" requirement) today. The proposed arrangement aims to align with the legislative intent and confer benefits on...more

Littler

Canada Entered Last Phase of CPP Enhancements on January 1, 2024

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All Canadian employers other than those in Quebec are required to: Deduct Canada Pension Plan (CPP) contributions from their employees’ pensionable earnings if the employee meets certain conditions; Contribute an...more

Skadden, Arps, Slate, Meagher & Flom LLP

Proposals To Reform Germany’s Pension System Could Open Market, Benefitting Retirees and — Potentially — Insurers

If Germany’s coalition government follows through on recommendations from a focus group convened by the Federal Finance Ministry for reforms to the country’s pension system, it could open the way for insurers and other...more

A&O Shearman

Pensions: Joint DB & DC trustee agenda update - February 2024

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Welcome to our monthly update on current legal issues for trustees of DB and hybrid pension schemes, designed to help you stay up to date with key developments between trustee meetings, and to support the legal update item on...more

Hogan Lovells

Konzernzusagen zur betrieblichen Altersversorgung

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Leistungen der betrieblichen Altersversorgung gewährt der Arbeitgeber als Versorgungsschuldner. Wenn aber die betriebliche Altersversorgung durch Konzernbetriebsvereinbarung geregelt ist, sollen nach Ansicht das...more

Ius Laboris

France reforms pension system

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France adopted controversial changes to its pension system on 14 April 2023, with most relevant provisions coming into effect from 1 September. Here is an overview of some of the most important changes....more

Littler

UK Employment Legislation Round-up

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We previously wrote about the flurry of new employment law bills introduced to UK Parliament this year. Two of those employment law bills have now become law – 1) the Workers (Predictable Terms and Conditions) Act 2023 and 2)...more

Woodruff Sawyer

Q1 2023 International Benefits Update

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In the first quarter of 2023, many European countries continue to update their family leave entitlements. These include Bulgaria increasing maternity leave by two months, Spain launching menstrual leave, and Ireland launching...more

Woodruff Sawyer

International Employee Benefits Update – Q3 2022

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In the third quarter of 2022, many countries in Europe enacted family leave changes following the European Union’s 2019 directive on work-life balance for parents and caregivers. Family leave changes are an effort to improve...more

Stikeman Elliott LLP

Case Law Update: Age-Based Distinction in Long-Term Disability Benefit Plan Justified under Section 1 of the Charter

Stikeman Elliott LLP on

In Rayonier v. Unifor, Locals 256 and 89 (the “Decision”) the long-term disability (“LTD”) coverage provided by Rayonier (the “Employer”) under the parties’ collective agreement was challenged by Unifor, Locals 256 and 89...more

Hogan Lovells

Neue Versorgungsregelungen dank Niedrigzins und Arbeitgeberzuschuss

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Viele Versorgungsordnungen zur betrieblichen Altersversorgung müssen angepasst werden. Denn der anhaltende Niedrigzins hat dazu geführt, dass Versicherer mit einem niedrigeren Höchstrechnungszins – dem sog. „Garantiezins“ –...more

Jones Day

More Flexibility for Dutch Employers in Reaching a Settlement Prior to Retirement

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Effective January 1, 2021, Dutch employers have more leeway in reaching a termination settlement just before the retirement age without a punitive tax levy. Recently, the Dutch senate approved the Lump Sum Payment, Early...more

Hogan Lovells

Early retirement for older employees made more flexible for tax purposes as of 1 January, 2021

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On 12 January, 2021, the First Chamber of the Dutch Parliament approved the bill on lump sum, early retirement and leave savings (Wet bedrag ineens, RVU verlofsparen). This Act will temporarily relax the tax restriction (RVU...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Bermuda Updates Registration, Administration, and Funding Requirements for Private Sector Pensions

Recent amendments to Bermuda’s National Pension Scheme (Occupational Pensions) Act 1998 and National Pension Scheme (General) Regulations 1999 have overhauled the way that private sector pension plans are registered,...more

Littler

México: Fortalecimiento del Sistema de Pensiones

Littler on

El 22 de julio de 2020 el gobierno federal a través de la Secretaría de Hacienda y Crédito Público (SHCP) anunció el programa de “Fortalecimiento del Sistema de Pensiones”, mismo que está respaldado por el Consejo Coordinador...more

Littler

Strengthening Mexico’s Retirement Pension System

Littler on

On July 22, 2020, Mexico’s federal government announced through the Ministry of Finance the “Strengthening the Retirement Pension System,” a program supported by the Business Coordinating Council (BCC) and Mexico’s Workers...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Reporting to Russian Pension Fund Goes Online

Historically, employers have been required to log employees’ work experience and years of service in a distinct human resources (HR) document called a “labor book.” New legislation requires employers to now start logging this...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Cambodia Widens Scope of Social Security to Cover Private Pensions and Unemployment

Cambodia’s adoption of the Law on Social Security Schemes dated November 2, 2019, will extend social security provisions to cover unemployment and roll out pension coverage to the private sector....more

Littler

Littler Lightbulb: Highlighting Recent Developments in the Asia Pacific Region

Littler on

Australia - Wage Theft Investigations. The Australia Fair Work Ombudsman’s (FWO) 2018-2019 Annual Report, published by the government agency on October 20, 2019, found significant wage theft in the country over the past...more

Hogan Lovells

Workplace pensions in Germany: what you need to know

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In Germany, paying contributions to the statutory (state) social security pension is compulsory for most employees and their employers. ...more

Hogan Lovells

Towards a reform of our pension system with the Pension Agreement!

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After earlier failed negotiations in the autumn of  2018 and a national public transport strike, the 'poldering' finally produced a Pension Agreement.  In addition to the CNV trade union, the members of the FNV trade union...more

Hogan Lovells

Employment News - February 2018

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Weekly newsletter on employment matters. In this weeks issue: - Small steps – government response to the Taylor Review. - That hurts. Working time detriment could lead to injury to feelings award. - It's not...more

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