Opinion PUBLISHED: 20:00 29 April 2019 Lynne Mortimer Peers in the House of Lords - a Lords committee says older people should lose their free TV licences and other benefits so the money saved can be used to help young people. Photo: PA PA Wire/PA Images A House of Lords Committee has suggested pensioners should lose some of their benefits to help young people − a rubbish idea says this 64-year-old reporter Free TV licences for pensioners should be abolished, a Lords committee has recommended. Picture: Andy Hepburn/PA WireLast week, a House of Lords committee came up with a jolly wheeze. Why not take benefits away from older people to help younger people?Free TV licences for pensioners should be abolished and other subsidies, including free bus passes, winter fuel payments and the pensions triple lock should also be cut, the Committee on Intergenerational Fairness said.Committee chairman Lord True said benefits must be rebalanced towards the … [Read more...] about Since when have benefits for older people been at the expense of younger people?
Insurance for young people
Social insurance contributions may deter employers from using foreign labour and bringing further overseas talent to Vietnam, said EUROCHAM. Photo by VNA. According to the Vietnam Business Forum 2018 (VBF 2018) investment and trade working group, the social insurance contribution rates that have been imposed on both foreign employees and their employers under Decree No. 143/2018/ND-CP, will be the same as those applicable to Vietnamese employees. For instance, 8 percent from employees and 17.5 percent from employers. The contribution rates are based on the salary used to calculate compulsory social insurance which is capped at 20 times the applicable general minimum salary as prescribed by the Government. The working group, led by Mr. Fred Burke, claimed that investors, both foreign and domestic, are concerned that the rapidly rising cost of labour may undermine Vietnam's attractiveness as an investment destination. It may also impact on the Government's ability to continue … [Read more...] about Foreign labour could be put off by Vietnam’s social insurance policy
We’ve all been there: the first time you open your payslip in Germany can come as quite a shock. Why? Well, because a big chunk of your wages is taken away in the form of tax and social security contributions. This is, of course, a good thing in many ways because it should (hopefully) mean that we live in a country with good public services and that we’ll be provided with excellent health care when we need it, a pension in future and long term nursing care. But there are problems ahead. German society is getting older and that means there’s going to be a bigger burden on care services, which are already struggling to cope. At the other end of the scale, people are having less babies, although family friendly policies, like paid parental leave, do seem to be having a positive impact on the birth rate. A sustainable system? All this begs the question - who will pay for us all when we’re older if there aren’t enough people to contribute to the social … [Read more...] about Should people without children be forced to pay more tax in Germany?
Breana Noble The Detroit News Published 2:36 PM EST Nov 9, 2018 Detroit — Outgoing Michigan Gov. Rick Snyder gave a passionate appeal for future state leaders to find common ground to continue Michigan's momentum. "The greatest threat to our country is our lack of civility between one another," Snyder said Friday before the Detroit Economic Club. "...It's not about who is on the other side and why you should insult them or call them a name or anything else. What's the problem we are there to solve?" The plea came as Snyder talked with DTE Energy Co. CEO Gerry Anderson, who is also the chairman of the economic club, about his tenure as a two-term governor and what Michigan can expect from the future. The Republican governor said he was most proud that more young people are able to stay and be employed in Michigan and that Detroit is experiencing a comeback. To ensure that progress continues, he said, parties will need to work together as Gov.-elect Gretchen Whitmer, a … [Read more...] about Snyder calls for civility, teamwork during ‘exit interview’
Social insurance in cross-hairs, illustration photo Mac Van Tien, Director, Ministry of Labour, Invalids, and Social Affairs’ National Institute for Vocational Education Applying compulsory social insurance on foreign employees is such a new policy for Vietnam. Currently, compulsory social insurance on local employees is very difficult to administer, with 30 per cent of the total workforce contributing to the policy, so carrying out a similar policy on foreign employees will be much more difficult because Vietnamese supervision on foreign employees has not been tightened. Currently, with a huge number of foreign workers in Vietnam, supervision of them in industrial zones, in companies hiring workers from their countries’ headquarters or from other countries is quite hard for the local government. As a result, despite their obligations to the decree in Vietnam, I consider that the number of foreign workers contributing to the compulsory social insurance will be much … [Read more...] about Social insurance in cross hairs