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Global News Briefs

A focus on headquarters and multi-country research and thought leadership in benefits and total rewards. Covering the latest thinking on issues vital to the success of your organization and your people, such as retirement, benefits management, diversity, wellbeing and financial resilience, and more. With a curated selection of related legislative changes in individual countries and legislatures.

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News articles this month

China: Gradual increase to statutory retirement age

Employers will need to update their retirement policies as China raises the retirement age to ease mounting pressures on pension funds and the effects of an aging workforce.
South Korea: Improving family leave benefits to boost birth rates

With fertility rates among the lowest in the world, South Korea looks to jumpstart more births by boosting paid parental leave benefits and childcare entitlements.
EU, US: New requirements for pension and benefit plans to manage cyber risks

Businesses in the EU and U.S. are facing tighter regulations around cybersecurity and information technology to protect financial data, health and welfare plan information, and plan assets.
Ireland: New pay-related unemployment benefit introduced

Higher unemployment benefits linked to pay will bring workers closer to prior earnings, with a slight increase in employer and employee social security contributions.
Finland: Cuts to unemployment benefits and other labor market reforms

Finland has reduced unemployment benefits as part of wide-ranging labor reforms to cut costs for employers and boost economic growth.

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News articles from last month

Germany: Proposals to expand occupational pension participation

Germany unveils its proposals to help more workers save for retirement by boosting pension plan coverage and allowing greater flexibility in company-provided plans.
Saudi Arabia: Labor reforms for both foreign and local workers

Sweeping Saudi Arabia labor reforms impacting employer-paid maternity leave, employment contracts and paid time off, among other changes, will require action from employers to maintain compliance.
Singapore: Paid parental leave coming in 2025

In an effort to address dramatically low birth rates, Singapore proposes new employer-paid leave to support working parents that would be rolled out in two phases starting in 2025.
Tunisia: Substantial increase to maternity leave

Government-paid maternity leave in Tunisia triples, along with a boost to paternity leave, as a new family leave law takes effect to enhance leave entitlements for working parents.
Mauritius: Special vacation leave coming soon

Special vacation leave and broad changes to paid parental leave, overtime and holiday pay are substantially increasing the amount of leave available to workers in Mauritius.
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