The Greek government recently passed legislation creating a mandatory individual supplemental retirement account program known as the Hellenic Auxiliary Pensions Defined Contribution Fund (TEKA). The new funded Defined Contribution (DC) regime is intended to gradually replace the existing mandatory supplemental […]
The UAE government recently announced a change in the working week schedule for public sector employees. On 3 January 2022, the UAE public sector is moving to a 4 ½ workday week, with employees working from Monday to mid-day Friday […]
The U.K. government recently passed legislation introducing a health and social care levy to the National Insurance Contributions (NIC), increasing employer, employee and self-employed contributions by 1.25% of earnings. The NIC increase will apply only for the tax year 2022-23, […]
The British government recently announced that the national hourly minimum living wage for all workers age 23 and above will increase from GBP 8.91 to GBP 9.50 beginning 1 April 2022. Key details The hourly minimum wage increase of 6.6% […]
Update: On Dec. 15, Lockton Global Benefits hosted a webcast featuring Lockton Ireland. The webcast covered pension reform and benefits trends. Click here to view the replay of this event. On 22 April 2021, the Irish government signed into law […]
The Jersey government recently approved amendments to the Jersey Employment Law of 2003 which: Increases statutory employer-paid annual leave from 10 workdays to 15 workdays Introduces a 20-minute daily rest break for every continuous six hours worked The changes will […]
When no choice of a superannuation fund is made by a newly hired employee, employers or their tax agents are now mandated to source the name of their new employee’s existing superannuation fund from the Australian Taxation Office (ATO). The […]
Update: On 12 October 2021, the Dutch Senate approved the Paid Parental Leave Act. The Act will enter into force, as expected, on 2 August 2022. The new bill will implement the European Directive on work-life balance for parents and carers and […]
The government of Taiwan passed legislation enhancing parental leave policies by: Adding more flexibility to the parental leave benefit Extending leave for pregnancy checkups Increasing the parental leave allowance paid The changes entered into effect on 1 July 2021. Key […]
The Canadian government passed legislation mandating federally regulated employers with a current minimum of 10 employees to proactively establish a pay equity plan identifying and addressing gender pay disparities between men and women in the workplace by 31 August 2024. […]