Post de Trans-Canada Capital

This is another excellent post by Charaf Bourhalla in which he spells out some interesting facts and requirements regarding this IAS 26. You can read the introduction section by clicking " See translation '. Articled clerks and senior auditors and accountants should keep this one in the bottom draw for when they have to perform audits of pension funds. The pension fund acts of parliament are usually quite specific on the work that has to be performed.

Just Published : La pension alimentaire pour enfants, 2e édition. This practical book describes all the relevant rules to determining child support in various situations - https://ow.ly/Nn4K50QBeiV. #LexisNexisCanada #LegalBook #LawBook

👏 AEIP applauds its member Agirc-Arrco for the positive financial results of the compulsory supplementary pension scheme financed on a pay-as-you-go basis (#PAYG) for the year 2023. 📈 This outcome is in line with the forecasts of the #socialpartners managing the scheme. In view of the #EU national reform programs and stability or convergence programmes (i.e. the European Semester), these results underline the importance of the #paritarian model. It reflects that social partners manage a pension scheme in the best interests of the beneficiaries (pensioners), employees, and employers, as well as national budgets. 💡 Agirc Arco covers 59 million individuals and is one of the leading pension schemes in #France. 👌 We fully agree with the President of Agirc-Arrco, Ms. Brigitte PISA, who said that “with these good results, Agirc-Arrco is once again demonstrating the effectiveness of paritarian management, focused on a single objective: financing the #pensions of today and tomorrow. This rigorous management, without a single euro of debt, is what the social partners devote to the private sector employees and pensioners they represent. It is a pledge of confidence for #future generations.” 👇 For more information see below.

It’s inspiring to witness my organization proactively shaping its future and striving for continuous improvement ! Currently developing its #roadmap for 2025-2027, CMR - Caisse Marocaine des Retraites is focused on fostering #innovation, investing in #sustainable practices, and prioritizing customer-centric solutions. This proactive stance surely sets a commendable example for organizations aiming for strategic growth in a rapidly evolving landscape. #Strategy #COM_CMR

How many employees benefit from an occupational pension arrangement? And which formula is the most popular one for pension savings: a branch 21 insurance, or are employers moving towards branch 23 instead? 🔍   The FSMA publishes a report on occupational pensions for employees every two years. Anissa Gutierrez Acosta delved into the latest biennial report and shares some key insights in this blog. #younity #commyounity #pension #supplementarypension

AGED CARE NEWS: Government to overhaul the Aged Care Act The Australian government has recently announced plans to overhaul the existing Aged Care Act. The proposed changes come after mounting pressure and criticism over the current state of aged care services in Australia, which have been marred by reports of neglect, abuse, and systemic failures. #AgedCare #agedcareaustralia #AgedCareAct #Government #AgedCareNews #AgedCareCommission #neglect #retirement #agedcarenews

Migration policy is the main policy tool that can help improve the French pension system. And there is room for action. The official presentation of the annual report by the French Pensions Advisory Council (Conseil d'orientation des retraites, COR) on the state of the pay-as-you-go system was cancelled last minute because of the official political campaign taking off for snap parliamentary election in two week time (aka "réserve électorale"). What an irony, considering the centrality of pension and migration issues in the current political debate in France. The report confirms that the French system is in deficit, but a controlled one, 0.4%, max 0.8% GDP pt in the next 50 years. And it is not due to pension spendings which in fact will decrease, but because of a lack of resource (decreasing job quality, fall in public employment). Out of the four pension sustainability factors listed in the report (fertility rates, productivity, life expectancy and net migration), only net migration is within reach of government action, the other three depend on socio-economic factors that are beyond its control. In its reference scenario, the COR expects net migration at 70k individuals per year, which is not much compared to the last few years ( 170-200k). The French advisory body anticipates a considerable tightening of France’s migration policy, with a threefold division of net migration over the next 50 years. A "zero-immigration" alternative scenario ( 20k/year) would aggravate the deficit, while the “upward” scenario ( 120k/year) would reduce it and bring the system closer to equilibrium by 2070. A 120k balance per year remains well below net migration in recent years. Considering that France receives comparatively few immigrants, there is room for improvement. Read more here https://lnkd.in/ehhaQgCJ #pension #migration #France

GERMANS PAY EUR 2,800 MONTHLY OUT OF POCKET FOR THEIR NURSING HOME - WITH AN AVERAGE OLD AGE PENSION OF ONLY EUR 1,400 It is mandatory for German workers to pay into an insurance for their future nursing home. The insurance only partially covers the costs with are on the rise. 💣 This is a ticking time bomb: 1️⃣ Only 50 (!) people in Germany have an old age pension of EUR 3,000 or more (public service excluded). 2️⃣ Children with an income of more than EUR 100,000 per year (about twice the average German salary) must partially pay for their parents in nursing homes. 3️⃣ If neither the old person nor the children can pay, social security/tax payers pay for the nursing home. Various approaches are being discussed. One suggestion is outlined in the header of a German newspaper: SELL YOUR HOME TO PAY FOR THE NURSING HOME Other suggestions include saving money and having an additional private insurance to cover the costs for your time in a nursing home. While solutions are sought from the perspective of politics, the national economy and the society, it seems the nature of human beings is neglected. Individuals generally follow the path of INDIVIDUAL BENEFIT MAXIMIZATION. The egoistic approach is obvious: 💲 People simply will not put additional money aside. 🥂 People will spend all their money (including selling their home) at an age when you can still enjoy it. 😥 Especially when the old age pension is low, the burden of nursing costs will then be mostly socialized. Taking responsibility for yourself becomes a consideration of morale and financial optimization. Link to the full article in the comments. #pflegeversicherung #pflege #gesundheitsminister Marc Margulan

Refresh on the "Tricare to Medicare transition" for those military retirees in their early 60's. Tricare stops at age 65! Make sure you enroll in Medicare part A and B at 65, then TFL is free! Very important to note how they calculate your Medicare premiums... See below 👇 ************************** Here is one for military retirees in their early 60s . . . when the second biggest military transition happens. 😲 BLUF: Do your homework early. Start researching, planning, and budgeting no later than your 64th birthday. Older military retirees tell me the second biggest military transition is from TRICARE to Medicare and TRICARE For Life, which normally happens at age 65. You'll receive a note in the mail from Social Security 90 days before your 65th birthday, but, for most busy people, that's too late to start researching and deciding what to do with your health care on your 65th birthday. Like military retirement planning, you don't want to rush the process, and you certainly want to prepare and budget for this. Why? If you take Medicare Part B, as most will because you'll no longer be eligible for TRICARE, you'll receive TRICARE For Life for nothing (which is great!), but Medicare Part B is means tested -- based on your tax return from 2 years prior . . . when your income may be at its peak. Get ready for sticker shock compared to TRICARE. And it's an individual transition. If you're married, you may move into Medicare while your spouse stays on TRICARE, and continues to pay for that. And if you don't make a timely Medicare election there is a 10% premium penalty for each full 12 months you delay starting Medicare (unless you're still working and have other health care). Instead of $704 per YEAR (2023 rates) in TRICARE premiums for a family, Medicare can be hundreds of dollars per MONTH for ONE person -- or more if you made good money two years prior as military retirees often do. So, expect this to happen, do your research early -- no later than your 64th birthday -- budget for your post age 65 healthcare. And be thankful that Congress created TRICARE For Life in 2001 -- you don't have to shop or pay for a "Medigap policy" too. Welcome to getting older. It's a good problem to have. Shared by Mark Overberg Director, Army Retirements