US News DGB warns of a sharp drop in the pension level

09:45  26 november  2020
09:45  26 november  2020 Source:   finanzen.net

RATP: the unions give up their strike of November 19

 RATP: the unions give up their strike of November 19 © (LP / Jean-Gabriel Bontinck.) Paris, September 13, 2019. The RATP unions gathered at the company's headquarters on the first day of the mobilization against the pension reform. The prospect of seeing a few rare subways running crowded in full confinement was beginning to frighten some. She finally called the RATP unions to reason. They announced at the end of last week the suspension of the strike initially planned this Thursday, November 19.

Pension funds have been phasing out guaranteed-return products, which limit investment options and put more capital at risk. Berg made clear that funds that invested in alternative assets because they’re hard to price will be in the FSA’s crosshairs. “I would hate if investments in alternatives were

The drastic cuts are being driven by a sharp drop in the yield from gilts - UK Government bonds that are used to produce annuity income - and The firm noted that average standard annuity pension income is now at its lowest ever level , beating a previous all-time low in November 2012 just before

From the point of view of the German Trade Union Confederation, the federal government should act against the long-term significantly lower pension level.

Spencer Platt/Getty Images © Provided by Finanz.net Spencer Platt / Getty Images

"So that the statutory pension remains a safe bank for people, the future federal government must stabilize the pension level at at least 48 percent beyond 2025," said DGB board member Anja Piel the "Neue Osnabrücker Zeitung" (Thursday).

Piel responded to the new pension insurance report. Accordingly, the pension level is expected to drop from 48.2 percent today to 46 percent in 2034. This security level expresses the ratio of statutory pensions to wages. It is expected to rise to 51 percent by 2023 before continuing to decline.

Piel warned: "The private insurers are calling for more and more tax subsidies and fewer guarantees for their ailing products, so that they still generate significant returns . There is no alternative to a strong statutory pension." OSNABRÜCK (dpa-AFX)

The Swiss say no to more responsible multinationals .
© Allan Baxter / Getty Images The Swiss say no to more responsible multinationals The country has rejected an initiative aimed at better monitoring and sanctioning Swiss companies that do not respect human rights and environmental standards. Switzerland values ​​the independence of its multinationals. The country rejected, Sunday, November 29, an initiative that wanted to impose stricter legal obligations on Swiss companies in terms of respect for human rights and environmental standards.

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This is interesting!