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 […]