Month: September 2018

Spain increases paternity leave

On 5 July 2018, paternity leave for new fathers and partners increased from four weeks paid by social security and two days paid by the employer to five consecutive weeks paid by social security in addition to the two days […]

Serbia passes Anti-Money Laundering (AML) legislation

The government of Serbia passed a law on the prevention of money laundering and terrorism financing that came into effect 1 April 2018 (article 128 of the law). The new law requires insurance undertakings engaged in life insurance (excluding nonlife insurance […]

Serbia amends Foreigners Act

Effective 7 July 2018, amendments to the Employment of Foreigners Act simplified the work permit process by shortening from one month to ten days the period during which the employer is required to justify the hiring of a foreign citizen […]

Puerto Rico allows payroll deductions for loan repayment

Act No. 115 of 20 June 2018, amends Article 5 of Act No. 17 to allow payroll deductions to repay the employer (without interest) for any “loan, salary advance, or [the cost] of any equipment, materials, or goods provided by […]

Poland postpones pension institution restructuring

The restructuring of Poland’s pension institutions, which was anticipated to begin 1 January 2018, has been postponed to 1 July 2019. When the reform comes into force, employers in Poland will be required to automatically enroll employees in a qualified […]

Kuwait passes early retirement law

The National Assembly of Kuwait has passed an early retirement law granting full social security retirement benefits to insured men who have worked for 30 years and women who have worked for 25 years, regardless of their age. The law […]

Italy passes “Dignity Decree”

On 13 July 2018, the Italian Government passed the “Dignity Decree,” which was converted into law No. 96/2018 on 11 August 2018. The key changes include:  The maximum length of fixed-term contracts decreased from 36 months to 24 months with […]

Germany updates mortality reference tables

On 20 July 2018, an update of mortality reference tables (Heubeck 2018 G), were released by Heubeck AG – the firm that has published mortality tables used for the valuation of German pension obligations since 1948. The report shows lower […]

South Africa

South Africa radically changing health insurance

Updated 4 September 2019 The National Health Insurance (NHI) Bill is currently being discussed by the South African Parliament’s health portfolio committee before being published for public comment. Interested parties will have until 11 October 2019 to make written submissions […]