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Additional milestones highlighted include: - The first NSITF pension review in 21 years, increasing some monthly pensions from ₦18,000 to ₦206,000—an increase of over 1,000%, with all arrears fully paid. - Three pension increases within 24 months, including the 22% Pension Boost, the ₦32,000 monthly consequential adjustment, and over...

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Daddy D.O🇳🇬

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43,207 görüntüleme • 2 ay önce •via X (Twitter)

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Omolola Oloworaran, Director-General of the National Pension Commission (PenCom), highlighted major pension reforms and achievements, including: ₦758 billion intervention bond that cleared pension obligations accumulated over two decades. Landmark pension increase for retirees under the Contributory Pension Scheme (CPS). First review of NSITF pensions in 21 years, with some pensioners receiving increases of over 1,000%. Introduction of a new end-of-service benefit scheme for retiring employees of Treasury-funded MDAs. Launch of the Minimum Pension Guarantee to strengthen retirement income security. Introduction of the PenCare Health Initiative, expected to commence within the next three months, to provide healthcare support for retirees alongside their pensions.
1:13

Omolola Oloworaran, Director-General of the National Pension Commission (PenCom), highlighted major pension reforms and achievements, including: ₦758 billion intervention bond that cleared pension obligations accumulated over two decades. Landmark pension increase for retirees under the Contributory Pension Scheme (CPS). First review of NSITF pensions in 21 years, with some pensioners receiving increases of over 1,000%. Introduction of a new end-of-service benefit scheme for retiring employees of Treasury-funded MDAs. Launch of the Minimum Pension Guarantee to strengthen retirement income security. Introduction of the PenCare Health Initiative, expected to commence within the next three months, to provide healthcare support for retirees alongside their pensions.

Daddy D.O🇳🇬

17,614 görüntüleme • 2 ay önce

Act One: Delivering on the Promise. Delivering on President Tinubu's commitment to Nigerian workers: - Pension assets increased by 51%, rising from ₦20.7 trillion to ₦31.48 trillion, creating ₦10.7 trillion in new retirement wealth in just two years. - 938,229 new contributors enrolled into the Contributory Pension Scheme (CPS), expanding retirement security for more Nigerians. - Pension Boost 1.0 increased aggregate monthly pension payments by 22%, from ₦12.2 billion to ₦14.9 billion. - More than 195,000 pensioners from Treasury-funded MDAs who retired on or before 29 July 2024 now receive a ₦32,000 monthly consequential pension adjustment, ensuring retirees also benefit from the new national minimum wage.
2:56

Act One: Delivering on the Promise. Delivering on President Tinubu's commitment to Nigerian workers: - Pension assets increased by 51%, rising from ₦20.7 trillion to ₦31.48 trillion, creating ₦10.7 trillion in new retirement wealth in just two years. - 938,229 new contributors enrolled into the Contributory Pension Scheme (CPS), expanding retirement security for more Nigerians. - Pension Boost 1.0 increased aggregate monthly pension payments by 22%, from ₦12.2 billion to ₦14.9 billion. - More than 195,000 pensioners from Treasury-funded MDAs who retired on or before 29 July 2024 now receive a ₦32,000 monthly consequential pension adjustment, ensuring retirees also benefit from the new national minimum wage.

Daddy D.O🇳🇬

21,929 görüntüleme • 2 ay önce

Act Two. Righting historical wrongs. Honoring long-standing commitments through decisive leadership: - The Federal Government's historic ₦758 billion pension intervention, which cleared outstanding pension obligations dating back to 2007, benefiting over 957,000 retirees and restoring confidence in the pension system. - Accrued pension rights moved from 21 months in arrears to a 41-month surplus, enabling eligible retirees from Treasury-funded MDAs to receive their benefits within 48 hours after completing the required documentation. - Introduction of a new End-of-Service Benefit Scheme, granting retiring employees of Treasury-funded MDAs 100% of their annual emolument, ensuring a more dignified and financially secure transition into retirement.
2:56

Act Two. Righting historical wrongs. Honoring long-standing commitments through decisive leadership: - The Federal Government's historic ₦758 billion pension intervention, which cleared outstanding pension obligations dating back to 2007, benefiting over 957,000 retirees and restoring confidence in the pension system. - Accrued pension rights moved from 21 months in arrears to a 41-month surplus, enabling eligible retirees from Treasury-funded MDAs to receive their benefits within 48 hours after completing the required documentation. - Introduction of a new End-of-Service Benefit Scheme, granting retiring employees of Treasury-funded MDAs 100% of their annual emolument, ensuring a more dignified and financially secure transition into retirement.

Daddy D.O🇳🇬

19,713 görüntüleme • 2 ay önce

Recall that FEC on February 5, 2025, approved the issuance of a N758 billion bond to settle fully outstanding pension liabilities for federal pensioners. PenCom on Tuesday revealed that it has paid N577,264,960,890 to 1,053,000 Retirement Savings Accounts out of the approved N758 billion. The bond will resolve all accumulated pension liabilities since 2007, including accrued pension rights, pension increases, the Pension Protection Fund and the University Professors’ Pension Shortfall. Another promise fulfilled by President Tinubu.👌 (2022) (2025)
0:37

Recall that FEC on February 5, 2025, approved the issuance of a N758 billion bond to settle fully outstanding pension liabilities for federal pensioners. PenCom on Tuesday revealed that it has paid N577,264,960,890 to 1,053,000 Retirement Savings Accounts out of the approved N758 billion. The bond will resolve all accumulated pension liabilities since 2007, including accrued pension rights, pension increases, the Pension Protection Fund and the University Professors’ Pension Shortfall. Another promise fulfilled by President Tinubu.👌 (2022) (2025)

TallJohn🌍

10,126 görüntüleme • 9 ay önce

It seems Amaany doesn’t fully understand how pensions work. Mohamed Nasheed didn’t introduce 5,000 MVR old age benefit as a permanent allowance for all Maldivians. Before his time, there was no contributory retirement pension system. So, he introduced one (7% employee, 7% employer), along with the 5,000 MVR benefit as an immediate measure to support those who weren’t receiving any retirement pension. Cause back then only gov employees were getting it. The idea is that everyone should contribute to their retirement pension fund while they are working. The full benefits of this system will be felt in about 50 years, when most people will receive a pension from their own savings. Only a small percentage of people, those who are not part of the retirement pension, will continue receiving the 5,000 MVR from the gov. In 50 years, parents won’t have to depend on the gov or their children for financial support in old age. They will be funding their own retirement through the pension system. So, the 5,000 MVR old age benefit is not a permanent allowance for everyone. It was designed to help those who wouldn’t otherwise have a pension and over time, fewer people will rely on it. This is a sustainable system. Cause people fund their own retirement from own savings.
2:37

It seems Amaany doesn’t fully understand how pensions work. Mohamed Nasheed didn’t introduce 5,000 MVR old age benefit as a permanent allowance for all Maldivians. Before his time, there was no contributory retirement pension system. So, he introduced one (7% employee, 7% employer), along with the 5,000 MVR benefit as an immediate measure to support those who weren’t receiving any retirement pension. Cause back then only gov employees were getting it. The idea is that everyone should contribute to their retirement pension fund while they are working. The full benefits of this system will be felt in about 50 years, when most people will receive a pension from their own savings. Only a small percentage of people, those who are not part of the retirement pension, will continue receiving the 5,000 MVR from the gov. In 50 years, parents won’t have to depend on the gov or their children for financial support in old age. They will be funding their own retirement through the pension system. So, the 5,000 MVR old age benefit is not a permanent allowance for everyone. It was designed to help those who wouldn’t otherwise have a pension and over time, fewer people will rely on it. This is a sustainable system. Cause people fund their own retirement from own savings.

Hassan Kurusee

55,551 görüntüleme • 1 yıl önce

Before the state elections, BJP announced many freebies for Bihar. Increasing pension from ₹400 to ₹1,100 alone has created an additional monthly burden of ₹1,150cr. Now, Bihar govt is cash strapped. They have asked the RBI for ₹12,000cr loan!! Situation now – > Social Security Pensions for 1 crore elderly, widow and disabled, is due for March and April > Student Credit card scheme for 58,000 students is due > Road, bridge and other development projects are stalled Note: The state's total liability already exceeds ₹3,70,000cr!!
4:44

Before the state elections, BJP announced many freebies for Bihar. Increasing pension from ₹400 to ₹1,100 alone has created an additional monthly burden of ₹1,150cr. Now, Bihar govt is cash strapped. They have asked the RBI for ₹12,000cr loan!! Situation now – > Social Security Pensions for 1 crore elderly, widow and disabled, is due for March and April > Student Credit card scheme for 58,000 students is due > Road, bridge and other development projects are stalled Note: The state's total liability already exceeds ₹3,70,000cr!!

PunsterX

25,824 görüntüleme • 5 ay önce

This conversation has generated a fair bit of conversation so I think it’s worth elaborating on. There is a common misconception that superannuation is decreasing the number of retirees on the pension. As per ASFA figures attached in comments - the median balance for men and women aged 60-64 is $220k and $164k respectively. That is nowhere near enough to get off the full pension which starts to reduce when a home owning single person has assets of $321k. The pension cuts out entirely if a home owning single person has assets of $714k. In other words, well over half of people about to retire have barely half the level of assets needed to get off the full pension. This is worse than when Superannuation began in 1992 when 77% of retirees were receiving a pension. 50% were receiving a full pension and 27% were receiving a part pension. Furthermore as per the ABS figures attached in comments below, 40% of people now retiree with a mortgage up from 10% in 1992. These figures are over five years old so the figure is probably worse. That means that most people have to cash in their super when they retire to pay off their mortgage and then go onto the pension anyway. Then there is the whole return on investment scenario - if house prices are growing the same as or faster than superannuation returns, then yet again it becomes a false economy. In other words Superannuation is not achieving its stated aim. The Productivity Commission estimates the cost of running Superannuation is around 1% of funds under management or $40 billion per year. Australia doesn’t need more financial engineers in this country, we need real engineers building real assets not paper assets. Nor should we be investing superannuation money overseas in foreign infrastructure when our own country desperately needs more infrastructure investment.
0:40

This conversation has generated a fair bit of conversation so I think it’s worth elaborating on. There is a common misconception that superannuation is decreasing the number of retirees on the pension. As per ASFA figures attached in comments - the median balance for men and women aged 60-64 is $220k and $164k respectively. That is nowhere near enough to get off the full pension which starts to reduce when a home owning single person has assets of $321k. The pension cuts out entirely if a home owning single person has assets of $714k. In other words, well over half of people about to retire have barely half the level of assets needed to get off the full pension. This is worse than when Superannuation began in 1992 when 77% of retirees were receiving a pension. 50% were receiving a full pension and 27% were receiving a part pension. Furthermore as per the ABS figures attached in comments below, 40% of people now retiree with a mortgage up from 10% in 1992. These figures are over five years old so the figure is probably worse. That means that most people have to cash in their super when they retire to pay off their mortgage and then go onto the pension anyway. Then there is the whole return on investment scenario - if house prices are growing the same as or faster than superannuation returns, then yet again it becomes a false economy. In other words Superannuation is not achieving its stated aim. The Productivity Commission estimates the cost of running Superannuation is around 1% of funds under management or $40 billion per year. Australia doesn’t need more financial engineers in this country, we need real engineers building real assets not paper assets. Nor should we be investing superannuation money overseas in foreign infrastructure when our own country desperately needs more infrastructure investment.

Gerard Rennick

44,183 görüntüleme • 6 ay önce

Hon'ble Prime Minister Shri Narendra Modi had in January 2025 approved the establishment of the 8th Central Pay Commission (CPC) to revise the salaries and benefits of Central Government employees and pensioners. All Central Government pensioners who had retired before 1.1.2016 are receiving pension at par with employees who retired after 1.1.2016. Keeping in view the recommendations which were made by the 6th CPC, a distinction among pensioners is inevitable and that is what is being brought in as an amendment and by way of validation. The validation rules DO NOT, in any way, change or alter the existing pensions so fixed of existing Civil Pensioners from the present stage. The validation rules also DO NOT affect Defense Pensioners in any way as they are covered by separate rules. It is not an amendment to any pension Rules or instructions but only a reaffirmation of the same w.e.f. 1st June, 1972, i.e. the date the CCS (Pension) Rules were promulgated. The 6th Central Pay Commission made a distinction between the retirees of pre-1.1.2006 and those of post-1.1.2006 periods. The then-Government (Congress-led UPA) had accepted the recommendations of 6th Central Pay Commission and decided that there will be a distinction between pensioners with reference to the cut-off date of 1.1.2006. The 7th Central Pay Commission has brought in parity between pre 1.1.2016 and post 1.1.2016 Pensioners. I again reiterate that this is only a Validation of existing rules. This DOES NOT alter or change existing civil or defense pension. - Smt Nirmala Sitharaman in Rajya Sabha
4:39

Hon'ble Prime Minister Shri Narendra Modi had in January 2025 approved the establishment of the 8th Central Pay Commission (CPC) to revise the salaries and benefits of Central Government employees and pensioners. All Central Government pensioners who had retired before 1.1.2016 are receiving pension at par with employees who retired after 1.1.2016. Keeping in view the recommendations which were made by the 6th CPC, a distinction among pensioners is inevitable and that is what is being brought in as an amendment and by way of validation. The validation rules DO NOT, in any way, change or alter the existing pensions so fixed of existing Civil Pensioners from the present stage. The validation rules also DO NOT affect Defense Pensioners in any way as they are covered by separate rules. It is not an amendment to any pension Rules or instructions but only a reaffirmation of the same w.e.f. 1st June, 1972, i.e. the date the CCS (Pension) Rules were promulgated. The 6th Central Pay Commission made a distinction between the retirees of pre-1.1.2006 and those of post-1.1.2006 periods. The then-Government (Congress-led UPA) had accepted the recommendations of 6th Central Pay Commission and decided that there will be a distinction between pensioners with reference to the cut-off date of 1.1.2006. The 7th Central Pay Commission has brought in parity between pre 1.1.2016 and post 1.1.2016 Pensioners. I again reiterate that this is only a Validation of existing rules. This DOES NOT alter or change existing civil or defense pension. - Smt Nirmala Sitharaman in Rajya Sabha

Nirmala Sitharaman Office

39,629 görüntüleme • 1 yıl önce

BREAKING : Minister of Education Tunji Alausa unveils the signed agreement between the Federal Government of Nigeria and the Academic Staff Union of Universities (ASUU). This new agreement concludes the renegotiation of the 2009 FGN–ASUU Agreement. Key highlights of the agreement include: - 40% salary increase for academic staff - Improved pension benefits: Professors to earn pension equivalent to their annual salary at retirement (age 70) - Better university funding model with dedicated allocations for research, libraries, labs, equipment, and staff development - Proposed National Research Council (NRC) to fund research with at least 1% of Nigeria’s GDP - Stronger university autonomy & academic freedom - Elected academic leadership (Deans/Provosts), with only professors eligible - Agreement takes effect from January 1, 2026, and will be reviewed after 3 years - No victimization of anyone involved in the struggle during the course of drafting the new agreement.
1:50

BREAKING : Minister of Education Tunji Alausa unveils the signed agreement between the Federal Government of Nigeria and the Academic Staff Union of Universities (ASUU). This new agreement concludes the renegotiation of the 2009 FGN–ASUU Agreement. Key highlights of the agreement include: - 40% salary increase for academic staff - Improved pension benefits: Professors to earn pension equivalent to their annual salary at retirement (age 70) - Better university funding model with dedicated allocations for research, libraries, labs, equipment, and staff development - Proposed National Research Council (NRC) to fund research with at least 1% of Nigeria’s GDP - Stronger university autonomy & academic freedom - Elected academic leadership (Deans/Provosts), with only professors eligible - Agreement takes effect from January 1, 2026, and will be reviewed after 3 years - No victimization of anyone involved in the struggle during the course of drafting the new agreement.

Nigerian Affairs Journal

151,143 görüntüleme • 8 ay önce

#WATCH | Delhi | On Supreme Court grants full pension to women SSC Officers denied permanent commission, Advocate SS Pandey says, “Today, Supreme Court has passed a historical order, the bench was presided by the CJI, in respect of women officers of all the three services – Army, Navy and Air Force. The SC has recognised the fact that since women officers were not being considered for PC, the inputs to derive the merits of the women officers have not been done properly because the reporting officers were not conscious of the fact that these Annual Confidential Reports and other credentials would be used for consideration of PC for the women officers… In the Army, the SC has already found that the women officers have been subjected to systemic discrimination through the cases of Babita Punia and Nitisha… The SC clearly held that all those officers who have completed 60% of qualifying service and were clear from the PC and vigilance angle will be considered and granted PC. The officers who have been victims of systemic discrimination will be permitted to serve for 20 years and will be given a pension on completion of 20 years… In the Air Force’s case, the consideration denied earlier was based on a 2019 policy in which the inputs that were taken into consideration were those that women officers could not have earned during their service. As a result, they were denied PC. Both the male and female officers have been granted consideration for PC or pension… The same goes with the Navy because it was also following a policy of no PC to either men or women… They have also been considered for PC… “
7:53

#WATCH | Delhi | On Supreme Court grants full pension to women SSC Officers denied permanent commission, Advocate SS Pandey says, “Today, Supreme Court has passed a historical order, the bench was presided by the CJI, in respect of women officers of all the three services – Army, Navy and Air Force. The SC has recognised the fact that since women officers were not being considered for PC, the inputs to derive the merits of the women officers have not been done properly because the reporting officers were not conscious of the fact that these Annual Confidential Reports and other credentials would be used for consideration of PC for the women officers… In the Army, the SC has already found that the women officers have been subjected to systemic discrimination through the cases of Babita Punia and Nitisha… The SC clearly held that all those officers who have completed 60% of qualifying service and were clear from the PC and vigilance angle will be considered and granted PC. The officers who have been victims of systemic discrimination will be permitted to serve for 20 years and will be given a pension on completion of 20 years… In the Air Force’s case, the consideration denied earlier was based on a 2019 policy in which the inputs that were taken into consideration were those that women officers could not have earned during their service. As a result, they were denied PC. Both the male and female officers have been granted consideration for PC or pension… The same goes with the Navy because it was also following a policy of no PC to either men or women… They have also been considered for PC… “

ANI

39,804 görüntüleme • 6 ay önce

♦️IT’S PENSION DAY♦️ Ward Cllr Mafia Fane has again provided free transport and free meal to the elderly pensioners of Ward 11 to be delivered at SASSA PAYPOINTS and brought back Home safely after receiving their grant money. This is part of the ongoing monthly program of the EFF in the Ward aimed at eradicating the financial burden experienced by grant-recipients of traveling over 30km to access their grant. This transport caters for all elderly people in all 3 villages of Ward 11, Goba, Eric’s Ville, and Hoyi.
4:03

♦️IT’S PENSION DAY♦️ Ward Cllr Mafia Fane has again provided free transport and free meal to the elderly pensioners of Ward 11 to be delivered at SASSA PAYPOINTS and brought back Home safely after receiving their grant money. This is part of the ongoing monthly program of the EFF in the Ward aimed at eradicating the financial burden experienced by grant-recipients of traveling over 30km to access their grant. This transport caters for all elderly people in all 3 villages of Ward 11, Goba, Eric’s Ville, and Hoyi.

EFF Nkomazi Subregion

29,679 görüntüleme • 1 ay önce

Details of the renegotiated agreement between the Federal Government of Nigeria and ASUU - 40% salary increase for academic staff - Improved pension benefits: Professors to earn pension equivalent to their annual salary at retirement (age 70) - Better university funding model with dedicated allocations for research, libraries, labs, equipment, and staff development - Proposed National Research Council (NRC) to fund research with at least 1% of Nigeria’s GDP - Stronger university autonomy & academic freedom - Elected academic leadership (Deans/Provosts), with only professors eligible - No victimization of anyone involved in the struggle during the course of drafting the new agreement. - Agreement to take effect from January 1, 2026, and will be reviewed after 3 years. Another promise made, Another promise kept. “This marks a turning point for Nigeria’s education system” - Minister of Education Dr. Tunji Alausa
2:06

Details of the renegotiated agreement between the Federal Government of Nigeria and ASUU - 40% salary increase for academic staff - Improved pension benefits: Professors to earn pension equivalent to their annual salary at retirement (age 70) - Better university funding model with dedicated allocations for research, libraries, labs, equipment, and staff development - Proposed National Research Council (NRC) to fund research with at least 1% of Nigeria’s GDP - Stronger university autonomy & academic freedom - Elected academic leadership (Deans/Provosts), with only professors eligible - No victimization of anyone involved in the struggle during the course of drafting the new agreement. - Agreement to take effect from January 1, 2026, and will be reviewed after 3 years. Another promise made, Another promise kept. “This marks a turning point for Nigeria’s education system” - Minister of Education Dr. Tunji Alausa

Daddy D.O🇳🇬

120,774 görüntüleme • 8 ay önce

"We have 5 years until Social Security is bankrupt." David david friedberg on why Brad Gerstner's (Brad Gerstner) Trump Accounts for children are great for America: "The idea is right. It's a 401(k) for everyone." "Social Security needs to flip into being a 401(k) for everyone, tomorrow." "When you look at how much is going to get paid out and what the pay-in rate is, Social Security runs out of money in five years." "It's got $2.7T in it today. It's a fucking treasury." "They should sell that treasury, take that cash, and go buy the S&P 500." "And then everyone that has Social Security should get an account, and they should get their money, and it should buy the S&P. And it can also buy private stock, and whatever." "And we should do the same for all government employees and get them off of these pension plans." "These pension plans are poison." "The fundamental problem with these pension plans is that they will ultimately end up bankrupting the states, or become Ponzi schemes where people get screwed because they're expecting retirement benefits and they don't get them, and they're going to get bailed out somehow anyway." "They should all be flipped to retirement accounts. They should all be flipped to 401(k)s." "Everyone in America should get the same thing: 401(k) you own a piece of these equities in America, and we all participate together in the growth of America. And then everyone's incentivized to see businesses succeed."
3:44

"We have 5 years until Social Security is bankrupt." David david friedberg on why Brad Gerstner's (Brad Gerstner) Trump Accounts for children are great for America: "The idea is right. It's a 401(k) for everyone." "Social Security needs to flip into being a 401(k) for everyone, tomorrow." "When you look at how much is going to get paid out and what the pay-in rate is, Social Security runs out of money in five years." "It's got $2.7T in it today. It's a fucking treasury." "They should sell that treasury, take that cash, and go buy the S&P 500." "And then everyone that has Social Security should get an account, and they should get their money, and it should buy the S&P. And it can also buy private stock, and whatever." "And we should do the same for all government employees and get them off of these pension plans." "These pension plans are poison." "The fundamental problem with these pension plans is that they will ultimately end up bankrupting the states, or become Ponzi schemes where people get screwed because they're expecting retirement benefits and they don't get them, and they're going to get bailed out somehow anyway." "They should all be flipped to retirement accounts. They should all be flipped to 401(k)s." "Everyone in America should get the same thing: 401(k) you own a piece of these equities in America, and we all participate together in the growth of America. And then everyone's incentivized to see businesses succeed."

Molly O’Shea

48,378 görüntüleme • 2 ay önce

#WATCH | Delhi: On Parliament panel finds all three charges proved against Justice Yashwant Varma in cash-at-residence case, Vikas Singh, Senior Advocate and President of the Supreme Court Bar Association, says, "In my view, now that his resignation has not been accepted and rightly so, because although he has a right to resign under the Constitution, the resignation takes effect only when the President accepts it. If he is still a judge continuing in office, his impeachment can happen, and this report can be placed before Parliament for discussion and voting on his impeachment on the same day. The fact that his resignation has not been accepted can be justified on good grounds because the moment his resignation is accepted, he is entitled to a pension, etc. Whereas, if he is impeached, he completely forfeits his right to a pension. A judge who has been found guilty by two very high-powered committees of this kind of misdemeanour, if he is permitted to take a pension, it will be a travesty of justice. I think it's high time that the impeachment motion is taken to its logical end and he is impeached from office..."
2:13

#WATCH | Delhi: On Parliament panel finds all three charges proved against Justice Yashwant Varma in cash-at-residence case, Vikas Singh, Senior Advocate and President of the Supreme Court Bar Association, says, "In my view, now that his resignation has not been accepted and rightly so, because although he has a right to resign under the Constitution, the resignation takes effect only when the President accepts it. If he is still a judge continuing in office, his impeachment can happen, and this report can be placed before Parliament for discussion and voting on his impeachment on the same day. The fact that his resignation has not been accepted can be justified on good grounds because the moment his resignation is accepted, he is entitled to a pension, etc. Whereas, if he is impeached, he completely forfeits his right to a pension. A judge who has been found guilty by two very high-powered committees of this kind of misdemeanour, if he is permitted to take a pension, it will be a travesty of justice. I think it's high time that the impeachment motion is taken to its logical end and he is impeached from office..."

ANI

74,444 görüntüleme • 1 ay önce

Posting this today while hopefully some you are still with your nans for the bank holiday and can explain it to them. We can replace the triple lock with a double lock, increasing pensions by the higher of inflation or wage growth. Pensioners will still more than keep pace with working people. They are currently racing ahead of them, their earnings increasing faster than those of working people. The 2.5% floor is arbitrary, invented by the Lib Dems in the same manifesto that promised to scrap tuition fees, then adopted by the Tories as a bribe to pensioner voters. The reality is that we can’t target investment and support if arbitrary amount of public money is distributed to all people of pension age regardless of need (and yes, contribution). It has no logic… it will keep boosting pensions faster than the rest of the economy indefinitely, with no ceiling. I am a socialist but the triple lock is just a bribe to dependable voters.
1:16

Posting this today while hopefully some you are still with your nans for the bank holiday and can explain it to them. We can replace the triple lock with a double lock, increasing pensions by the higher of inflation or wage growth. Pensioners will still more than keep pace with working people. They are currently racing ahead of them, their earnings increasing faster than those of working people. The 2.5% floor is arbitrary, invented by the Lib Dems in the same manifesto that promised to scrap tuition fees, then adopted by the Tories as a bribe to pensioner voters. The reality is that we can’t target investment and support if arbitrary amount of public money is distributed to all people of pension age regardless of need (and yes, contribution). It has no logic… it will keep boosting pensions faster than the rest of the economy indefinitely, with no ceiling. I am a socialist but the triple lock is just a bribe to dependable voters.

Stella Tsantekidou

23,701 görüntüleme • 5 ay önce

Hillhouse Capital, a firm with strong Chinese ties through its founder Zhang Lei, is on the verge of acquiring IGIS Asset Management, South Korea’s largest real estate fund manager handling $52 billion in assets. IGIS oversees public pension funds and holds sensitive data on major infrastructure and property holdings across the country. The deal has drawn attention after Korean insurers, including Hyeungkuk Life, submitted higher bids but were sidelined following additional bidding rounds conducted by Morgan Stanley and Goldman Sachs. The transaction raises important questions about foreign influence over critical domestic assets. South Korea’s real estate and pension system are vital to national economic stability and retirement security for millions of citizens. When a major fund with links to a geopolitical rival gains control of such assets, it touches on broader concerns regarding economic sovereignty and the protection of public funds. In an era of increasing cross-border investment and geopolitical tension, how nations safeguard strategic domestic assets directly affects public trust and long-term economic independence. Do you believe foreign acquisitions of key financial institutions like IGIS should face stricter national security reviews, or should market principles take priority?
1:03

Hillhouse Capital, a firm with strong Chinese ties through its founder Zhang Lei, is on the verge of acquiring IGIS Asset Management, South Korea’s largest real estate fund manager handling $52 billion in assets. IGIS oversees public pension funds and holds sensitive data on major infrastructure and property holdings across the country. The deal has drawn attention after Korean insurers, including Hyeungkuk Life, submitted higher bids but were sidelined following additional bidding rounds conducted by Morgan Stanley and Goldman Sachs. The transaction raises important questions about foreign influence over critical domestic assets. South Korea’s real estate and pension system are vital to national economic stability and retirement security for millions of citizens. When a major fund with links to a geopolitical rival gains control of such assets, it touches on broader concerns regarding economic sovereignty and the protection of public funds. In an era of increasing cross-border investment and geopolitical tension, how nations safeguard strategic domestic assets directly affects public trust and long-term economic independence. Do you believe foreign acquisitions of key financial institutions like IGIS should face stricter national security reviews, or should market principles take priority?

The Monarch Report

37,263 görüntüleme • 5 ay önce