Decree 2250 grants tax benefits to any voluntary pension contribution to the compulsory pension fund, starting December 2017. Voluntary contributions are through payroll and pretax. Tax breaks apply only to contributions up to 30 percent of monthly income or 40 […]
British Columbia – Amendments to the Employment Standards Act (Bill 6) New amendments to the British Columbia, Employment Standards Act introduce the following changes beginning 17 May 2018: Parental leave: To be in line with the federal government’s changes to […]
Starting 15 May 2018, businesses in Bulgaria are allowed to adopt electronic record keeping for employees, in accordance with the ordinance on the “Type and Requirements for Creating and Maintaining of Electronic Documents in Employee Record.” Previously, only hard copy […]
The Treasury Laws Amendment (2018 Measures No. 4) Bill, which is currently before the House, states that from 1 July 2018, employers who underpay or fail to pay their employees’ superannuation will not only face financial penalties but also up […]
Ireland is planning fundamental changes to the pensions system. On 28 February 2018, the Irish government launched the “Roadmap for Pensions Reform 2018-2023,” which is a detailed program to reform and update the pension system in Ireland for a fast […]
The Liberal government of Ontario introduced on 6 March 2018, Bill 203 – Pay Transparency Act, 2018 (PTA) to promote economic gender equality. The proposed legislation requires large and medium-sized employers to report salary ranges to their employees and to […]
Starting 6 April 2019, employers must detail the number of hours worked by an employee on all pay slips in the case of employees who are paid according to time worked.
Equal pay legislation The United Arab Emirates’ Cabinet of Ministers approved the first legislation dedicated to equal pay between men and women. The draft law will enter into force when approved by the UAE Federal National Council. The draft law […]
Automatic enrollment The automatic enrollment of employees under the age of 45 in private pension plans by their employers was introduced by law No. 6740 of 25 August 2016, which amended the private pension savings and investment law No. 4632. […]
The funding ratio of defined benefit retirement plans sponsored by employers will gradually increase from 80 percent of the liability to 90 percent beginning 1 January 2019, and to 100 percent on 1 January 2021. Noncompliance with the funding target […]