Year: 2021

Greece

Greece to introduce a new individual retirement account system for 2022

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 […]

Jersey

Jersey to increase annual leave and daily rest breaks

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 […]

Netherlands

Netherlands to introduce paid parental leave [Updated]

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 […]

Netherlands

Netherlands releases pension reform framework [Updated]

Update: The Dutch government recently announced that the pension reform will be delayed. The new pension system is now expected to come into force by 1 January 2023, one year later than originally planned, with a transition period from 2023 […]