Volatility in a corner of the European rates markets is on the rise, offering a glimpse into the potential impact of a major overhaul of the Dutch pension system https://t.co/S8I6UmD6Ws ...

Policy & Regulation - China's highest court ruling makes waiving social insurance contributions impossible for workers and employers [1] - Employers must now pay financial compensation if an employee terminates a contract due to unpaid social insurance [2][3] - Economists suggest the government may revise the policy later on if the impact is huge, potentially by delaying implementation or creating easing measures [10] Social Impact & Concerns - Many individuals voluntarily waive social insurance for higher pay, raising concerns about the impact on companies, especially SMEs [4] - Concerns exist that the money paid now will benefit the elderly, with uncertainty about future support for contributors due to low birth rates [5] - Social insurance inequality is a concern, with state-owned employees receiving approximately twice the payouts compared to private firm employees, and rural residents receiving less than 10% of what urban residents in private firms get [6][7] Economic Implications - Aging population strains the pension system, with 20 million people retiring annually over the next decade and fewer people entering the workforce [7][8] - The Chinese Academy of Social Sciences forecast in 2019 that the state pension system could run out of money by 2035 [9] - Survey indicates less than 30% of companies were fully compliant with paying social insurance [3]

A watchdog’s annual report is sounding the alarm on Britain’s pension system. Much of the extra burden comes from the “triple lock” guarantee, which has already cost around three times what was first expected https://t.co/5AXs5kxswO ...

From today, Australian workers get a final boost to their mandatory retirement contributions — a key milestone for the country’s A$4.1 trillion ($2.7 trillion) pension system https://t.co/AlPIyx3cTA ...