India’s National Pension Scheme Raises Entry Age Limit to 65
Currently, only 15% to16% of workers are covered by system.
Currently, only 15% to16% of workers are covered by system.
Corruption scandal, 2018 general elections causing distractions for lawmakers.
Sharp decline continues two years after new rules allow withdrawals without annuities.
S&P 500 up 0.05%, while MSCI EAFE down 0.31%.
Net assets reach C$180.5 billion on C$6.4 billion of income.
Discussions in preliminary stage, source says.
Government could change gears on recent pension considerations.
Asset obliterates -6.5% benchmark with 28.79% performance.
Union ballots more than 100,000 workers, recommending they endorse industrial action.
Report says gains from modernization should be used to halt rising pension ages.
Closure would protect existing benefits, but unions express “dismay and bitter disappointment.”
Workers end industrial action for what union calls ‘best possible deal available.’
New bill will take effect next month.
Payments will come from Ascension if the Wheaton Franciscan plan can’t cover them.
Program could save $7 million per year for the fund.