Pension reform for 2019

The National Pension Scheme (NPS) in India, initially available only to government employees since its introduction in 2004, expanded to private sector employees in 2009, becoming a popular retirement planning option due to its low charges and investment flexibility. The scheme allows subscribers to build a retirement corpus with options for investment in various assets and tax benefits. Meanwhile, Argentina's Anses announced an increase in non-contributory pensions effective August 2024, with minimum payments set to ensure no retiree receives less than 295,454.42 pesos. In Venezuela, a new Mega Special Bonus for pensioners is being introduced, with an estimated benefit of 1,800 bolivars, as part of the government's efforts to support elderly citizens. France aims to increase employment among individuals aged 60 to 64 from 38% to 65% by 2030, prompting initiatives from both government and private sectors to facilitate this goal. Discussions around pension reforms across Europe emphasize the challenges of adapting retirement systems to ensure sustainability and support for older workers.