Month: July 2021

Australia

Australia increases minimum wage

The Australian Fair Work Commission (FWC) increased the national minimum wage by 2.5%, effective 1 July 2021. Modern award minimum wages also increased by 2.5% in three different stages depending on the industry. Modern award minimum wage increases will be […]

Japan

Japan to reform defined contribution pension plan

The Japanese Ministry of Health and Welfare recently published a proposal aimed at reforming defined contribution (DC) plans by raising DC contribution sub-limits and relaxing individual DC plan (IdeCo) participation requirements for employees contributing to DC employer-sponsored pension plans. The […]

Australia

Australia increases superannuation contribution rate

On 1 July 2021, the Australian government increased the minimum superannuation contribution rate by 0.5%. The increase will help stimulate Australia’s post-pandemic economy and support a better retirement for eligible workers. Key details Effective 1 July 2021, employers’ contributions to […]

Cyprus

Cyprus introduces a COVID-19 vaccination leave

The Cyprus government published Decree No. 27 enabling employees to take a full day of paid leave to get vaccinated against the COVID-19 virus during their working hours. The new regulation entered into effect upon its publication in the official […]

South Korea

Korea expands substitute public holiday system

The Korean government recently approved a bill expanding the substitute public holiday system (which substitutes a holiday falling on a weekend to the next workday following the weekend) to all holidays that fall on weekends. This change will provide employees […]

New Zealand

New Zealand to increase sick leave entitlement [Updated]

Update: The Holidays (Increasing Sick Leave) Amendment Bill has been passed by the New Zealand Parliament and will enter into effect on 24 July 2021. The New Zealand government introduced a new bill to increase statutory employer-paid sick to 10 days […]

France

France to extend paternity leave in 2021 [Updated]

Update: The 28-day paternity leave extension entered into effect, as expected, on 1 July 2021. The French government recently proposed the Social Security Finance Bill for 2021 to extend total paternity leave from 14 days to 28 days, with a […]