Lockton Global
Compliance News

Month: February 2023

Hungary

Hungary expands family leave entitlements

The Hungarian government recently passed significant employment legislation to introduce parental and carer’s leave entitlements, double the number of paternity leave days and introduce a right to request flexible work arrangements. The legislation brings Hungary into alignment with the European Union Directive No. 2019/1158 on work-life balance for parents and carers.

The amendments to the Hungarian Labor Code provisions entered into effect on 1 January 2023.

Switzerland

Switzerland establishes paid adoption leave

The Swiss government recently passed amendments to the Swiss Code of Obligations (“CO”) and to the Loss of Earnings Compensation Act (“LECA”), granting ten working days of government-paid adoption leave to employees who adopt children under the age of four. The leave entitlement went into effect on 1 January 2023.

Slovakia

Slovakia reforms its pension system

The Slovak government recently introduced a reform to its pension system to increase retirement savings and benefits. The reform introduces several amendments to the first pillar of the retirement program, including the introduction of a new parental pension supplement, elimination of the normal retirement age cap, and the possibility of early retirement. The reform also introduces several changes to the second pillar of the retirement program, including the automatic enrollment of first-time workers under the age of 40 and a change in the default investment option. The changes are effective 1 January 2023.

Canada

Canada introduced a new federal holiday [updated]

The Canadian government approved Bill C-5 introducing a new federal holiday called the National Day for Truth and Reconciliation to commemorate the victims and survivors of the indigenous residential schools. The new federal holiday is observed on 30 September each year, with the first being 30 September 2021.