The deal secures benefits for 10,600 members, including 8,300 pensioners and 2,300 non-pensioners.
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Slovakia faces a rapidly ageing population as the ratio between pensioners and working people will narrow from 22 pensioners to 0.83 working people to 60 pensioners to 100 working people in 2066, according to EU statistics office Eurostat.
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"It's simple - many pensioners cannot afford to eat and to buy medicine," said Yiannis Karadimas, 67, who heads a local pensioners association.
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"I have asked the pensioners to make an effort ... and I tell them 'thank you'," Macron said, emphasising that the poorest pensioners were not affected by the tax increase.
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The deal, the third largest so-called pensions buy-in transaction in the United Kingdom, secures benefits for 10,600 members, including 8,300 pensioners and 2,300 non-pensioners, the company said.
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Congress may want to pretend otherwise, but the current legislation before it favors one set of pensioners ahead of other pensioners whose money happens to be invested in Puerto Rican debt.
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Sixty per cent of payroll discount loans are to public sector employees and pensioners, 33% to pensioners paid directly by the national social security institute and 220% are to private sector employees.
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He also said the government would give 1,000 lira to pensioners before the two main annual Muslim holidays each year and nearly double a 265 lira monthly additional pensioners' allowance to 500 lira.
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No one knows how many American pensioners live in Mexico.
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The biggest damage could be suffered by South African pensioners.
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Otherwise pensioners will decide your future, and that's not cool.
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Chileans with other grievances have latched onto the pensioners' cause.
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The last bout of hyperinflation wiped out savers and pensioners.
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If you're concerned about pensioners, you should pass this bill.
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Since 1985, the number of working pensioners has almost doubled.
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We've had reports of the snowy white brutes terrorising pensioners.
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"I personally like anything involving cats, seagulls and pensioners," she said.
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This has made Brazil a land of youthful and prosperous pensioners.
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Opposition protesters, politicians and unions say the legislation will hurt pensioners.
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Those reforms frightened pensioners and owners of investment properties, in particular.
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Pensioners have seen their income slashed by more than 30 percent.
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And millions of pensioners and other savers rely on their profits.
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But pensioners see Ms Tsai's plans as a breach of trust.
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China's gradual market liberalization may be good news for Canadian pensioners.
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Inequality between older pensioners and new retirees may also be rising.
|
|
Yet the communist-culture buffs are not just ageing pensioners, either.
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The fund consisted of 8,255 pensioners at the end of 2016.
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Pensioners moved out, their apartments snapped up by Russia's nouveau riche.
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They beat people with batons, fired rubber bullets and wounded pensioners.
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He listened, for whistling wind, falling branches, roof slates decapitating pensioners.
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At the time, most potential pensioners would be dead by 65.
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Orban has already paid a one-off bonus to pensioners last year.
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Many pensioners cannot afford the premium, just when they need care most.
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The country exports expensive pensioners and imports mostly young, healthy, taxpaying foreigners.
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Factory workers and pensioners say they have not been paid for months.
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|
Only among pensioners did the Tories enjoy a healthy majority of votes.
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|
These are parties of young and middle-aged workers, not cheery pensioners.
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The chart might suggest that female pensioners in Estonia are sitting pretty.
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If the Park Hotel goes under, it may hit Preston's pensioners, too.
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Pensioners also have to pay more out of pocket for health care.
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Pensioners have taken to the streets time and again in recent months.
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The schemes comprise 5,105 active employees, 9,899 deferred members and 17,333 pensioners.
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They will be the biggest and richest group of pensioners in history.
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In summer most pensioners go home, hurting firms that cater to them.
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Participants and spectators alike are pensioners: retired miners, teachers and industrial workers.
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Some bondholders object, saying the bill unfairly benefits pensioners at their expense.
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Brexit has not yet had a dramatic impact on pensioners' migration patterns.
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|
And the pensioners' interest and dividend income doesn't emerge from thin air.
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Such insurance reduces the risk that pensioners will live longer than expected.
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If activist funds make wise investments, those pensioners will be well served.
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It won seven seats, and he briefly served as minister for pensioners.
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As a result, U.S. pensioners are funding the construction of China's navy.
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|
Bondholders, pensioners and current government employees are only a fraction of them.
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|
Traditionally, buskers aren't cockney pensioners spitting bars from UK grime's hottest hits.
|
|
GKN on Tuesday sought to highlight the merits of its plan for pensioners.
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|
He also expects growth in passengers from Asia and from wealthy European pensioners.
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|
I happen across three pensioners known in the royalist scene for their commitment.
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Bulgaria's Socialists are supported by conservative pensioners and the Moscow-linked Orthodox Church.
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|
Hakone gives pensioners unlimited access to public transport for ¥10,000 ($94) a year.
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|
People in work, required to support ever more pensioners, must pay higher taxes.
|
|
The Golden State also maintains a more generous system of benefits for pensioners.
|
|
One was for a lunchtime news programme, popular with provincial viewers and pensioners.
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|
Be careful though, it's a market mostly run by dangerous gangs of pensioners.
|
|
There was a great deal of memorable text messages also, from disgruntled pensioners.
|
|
But Puerto Rico's pensioners will not take deep cuts to benefits lying down.
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|
Convenience stores, everywhere in Japan, offer themselves as safe havens for wandering pensioners.
|
|
This is probably because today's pensioners enjoyed rising incomes while they were working.
|
|
Pensioners have been particularly hit, with many benefits pared as taxes have spiked.
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|
Pensioners' current spending money must be part of the total current national income.
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|
He also said a planned increase in taxation on pensioners would be canceled.
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|
Do other employers, pensioners themselves, government, or all three pay in that case?
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|
"In 2021 most pensioners will get two thirteen pay (cash bonuses)," Kaczynski added.
|
|
According to Meduza, 22 percent of pensioners officially continue to work after retirement.
|
|
Mr. Rosselló maintained on Wednesday that the pensioners are too "vulnerable" a population.
|
|
The others are pensioners who rely on outside help from younger family members.
|
|
These entities count on bonds for stable returns to fund payouts to pensioners.
|
|
He added that a planned tax hike on pensioners will no longer happen.
|
|
The rest will be guaranteed by the agency, so pensioners won't lose out.
|
|
Puerto Rico now owes more than $123 billion to creditors and future pensioners.
|
|
Promises A$1,000 of free dental work over a two year period for pensioners.
|
|
Fit pensioners are less lonely than invalids, since they get out and socialise more.
|
|
The part of the proposal that gives priority to pensioners has received little attention.
|
|
That had left pensioners and salaried workers struggling to cash their monthly bank transfers.
|
|
The party has gained ground with the less educated and pensioners instead, analysts said.
|
|
Hedge funds, students and pensioners have all been caught up in the crypto craze.
|
|
It is more generous to the poorest and oldest pensioners and to rural workers.
|
|
According to Mr Mukomel, the only material beneficiaries have been civil servants and pensioners.
|
|
The amount of monthly payments to the pensioners will not change, the companies said.
|
|
Rossello had said the cuts would be structured to protect the island's poorest pensioners.
|
|
Support for Brexit was strongest among pensioners, around 60% of whom voted to Leave.
|
|
The area is getting ready for the increase in Chinese pensioners you wrote about.
|
|
Fewer than 1.13,000 migrant pensioners live on the island year round, thinks Mr Huang.
|
|
Pensioners are right to be wary of the impact of divestment on their returns.
|
|
Students joined elderly pensioners on the streets to protest, and Ortega's police opened fire.
|
|
Delayed payments to suppliers, employees and pensioners are becoming increasingly common among Brazil's states.
|
|
About 3,000 public and private sector workers, pensioners and students rallied peacefully outside parliament.
|
|
Customers must have a government-issued pensioners or senior card to enter the store.
|
|
Business was also down at the Sehremini Market, where the pensioners did their shopping.
|
|
Admission: Adults CHF 16 (about $17), children 6 to 16 and pensioners CHF 9.
|
|
Most of his group are pensioners and cannot pay their rent, Mr. Akguzel said.
|
|
The GKN pension schemes comprise 5,105 active employees, 9,899 deferred members and 17,333 pensioners.
|
|
The proposed changes will see the number of pensioners instead shrink to 35m by 2035.
|
|
Pensioners earning less than 2,000 euros would see recent increase in social security taxes scrapped.
|
|
More have embraced the Greens, the far-left Socialists, or 50 Plus, a pensioners' party.
|
|
Older voters were Brexit's strongest backers, with six out of ten pensioners voting to Leave.
|
|
Portugal is not the only EU country where foreign pensioners can find a sweet deal.
|
|
It now works through 15 churches nationwide, visiting 50 or so pensioners in each place.
|
|
Mati is a popular spot for Greek holidaymakers, particularly pensioners and children at summer camps.
|
|
Even Vladimir Putin did not have the courage to face down Russian pensioners this year.
|
|
Many Chileans are angry that the highly privatized system has left pensioners with low returns.
|
|
The committees said Green had a "moral duty" to find a resolution for BHS pensioners.
|
|
Refugees do not get more financial help from the federal government than Canadian pensioners do.
|
|
It has also been helped by tax incentives to European pensioners who move to Portugal.
|
|
Mati is a popular destination for second properties and holiday homes among Greeks, particularly pensioners.
|
|
Half a million "snowbirds", pensioners who winter in the American South, risk liability for tax.
|
|
Poor pensioners, underpaid laborers, schoolteachers and college students are not the enemy of the state.
|
|
But pensioners, 401(k) holders and other retail investors are largely removed from these decisions.
|
|
And there is the preferred WEF way – pensioners collect principal and income payments from workers.
|
|
More than a million teachers, health workers and pensioners have barely been paid for years.
|
|
Users rifle pensioners' bins to see what meds they're on, then break into their homes.
|
|
Hanson said the bill lacks clarity over the treatment of constitutionally protected bondholders versus pensioners.
|
|
There's nowhere like the British seaside: thieving seagulls, empty arcades, bigoted pensioners, arctic fucking water.
|
|
He represented the Gil Pensioners Party in the 2006 elections for the Knesset, Israel's parliament.
|
|
But one in six pensioners remain in poverty, and the rate has started to increase.
|
|
This tropical territory of roughly 100,000 people owes some $6.5 billion to pensioners and creditors.
|
|
There was a drowsy atmosphere, with pensioners suspended in the pool, exercising in slow motion.
|
|
To prevent an outright collapse, the government imposed capital controls on businesses, pensioners and individuals.
|
|
If not filled, this will leave 20,000 BHS pensioners facing significant cuts to their income.
|
|
Pensioners are bracing for pay cuts, while the sales tax has risen to 2000 percent.
|
|
In an attempt to boost his ratings, Prime Minister Tsipras announced Christmas benefits to Greek pensioners.
|
|
There are 2.4 million defense pensioners at the moment, with approximately 55,000 being added every year.
|
|
Pensioners can wait months before their annuities start, because the government is behind on its contributions.
|
|
Finland needs fewer pensioners and more workers or their economy will crash within a few years.
|
|
The number of pensioners receiving care from their local authority declined by 26% over that period.
|
|
But labour forces are now beginning to shrink and numbers of pensioners are starting to rise.
|
|
He says other Venezuelan pensioners are working in Spaniards' homes for a little money or food.
|
|
It would also help if some of the better-off pensioners spent more and saved less.
|
|
Barazi said all the civilians who were killed were public employees and pensioners with their families.
|
|
And in addition to luring other countries' workers, Britain also excels at exporting its own pensioners.
|
|
On a recent weekday, pensioners wintering nearby were among the few visitors to the launch site.
|
|
Though some Mexicans grumble about pensioners pushing up house prices, many welcome the trade they bring.
|
|
In the proposal, language protecting pensioners in a bankruptcy setting is stronger than language protecting bondholders.
|
|
There are 2.4 million defence pensioners at the moment, with approximately 55,000 being added every year.
|
|
Sharply dressed creative types hammer away at their laptops next to pensioners enjoying an afternoon coffee.
|
|
A group of DuPont pensioners launched a Facebook page that now has more than 213,000 members.
|
|
JRP specializes in providing annuities for pensioners with medical conditions that can affect their life expectancy.
|
|
Last December, Tsipras unexpectedly announced a one-off Christmas bonus to pensioners, angering the country's lenders.
|
|
The IMF had also agreed to a one-off payment to pensioners this year, he added.
|
|
The company, Grupo Consupago, has a subsidiary, Consubanco, which offers loans to government employees and pensioners.
|
|
As Greece's workforce along with its gross domestic product (GDP) shrank, the number of pensioners grew.
|
|
Thousands of workers, self-employed professionals, farmers and pensioners will rally in central Athens around midday.
|
|
In Treasury's proposal, language protecting pensioners in a bankruptcy setting is stronger than language protecting bondholders.
|
|
Brazil's government pays almost 12% of GDP to pensioners, a bigger share than older, richer Japan.
|
|
This month protests forced the Krasnodar region to roll back cuts in travel benefits for pensioners.
|
|
The system has generated high returns for pensioners, averaging 8.6% a year between 1981 and 2013.
|
|
In fact, they were pensioners waiting overnight to receive their money from the National Building Society.
|
|
Pension funds may have to reduce their payments to pensioners or seek higher contributions from employers.
|
|
This action would have a devastating impact on pensioners, on extended families, and on the economy.
|
|
The bankruptcies of our country's largest coal companies have left pensioners and widows desperate for help.
|
|
Are these pensioners, these former teachers, police officers and government workers trying to sell America short?
|
|
If they don't, those pensioners' representatives will invest their assets with funds that make wiser investments.
|
|
That hurts pensioners and shareholders and makes American businesses weaker compared with competitors around the world.
|
|
On the street outside pensioners greeted him, but the customers at the cafe were mostly unmoved.
|
|
The bill does not prioritize pensioners over bondholders, but the language remains muddied, one analyst surmised.
|
|
The proposed regime aims to make pensioners contribute the same amount and give them equal rights.
|
|
Striking workers, pensioners and students were expected to march through central Athens around noon (1000 GMT).
|
|
The pensioners are doing well off of the investment performance that we're working hard to deliver.
|
|
Unsecured vendors and service providers, shareholders, and pensioners will be left to fight over the scraps.
|
|
The new system would mean that pensioners that contributed the same amount would have equal rights.
|
|
GKN said it had a binding agreement with pension trustees which suited its pensioners and its shareholders.
|
|
This came after the Greek government proposed to make a one-off payout to pensioners in December.
|
|
It left creditors and the firm's pensioners facing steep losses and put thousands of jobs at risk.
|
|
So he hired Czeizel, and four other pensioners, finding them through cooperatives that help retirees get jobs.
|
|
Liverpool city council has commissioned Karen Caffrey's company, Home Carers, to look after pensioners for 219 years.
|
|
By 2050, pensioners will number around 370m and account for more than one-quarter of the population.
|
|
Pensioners are important to Portugal's tourism industry, which contributed over 17% to the country's GDP in 2017.
|
|
A new annuity scheme will allow pensioners to invest a lump sum and receive a guaranteed return.
|
|
Some pensioners will pay higher social-security charges, even as firms pay lower imposts for employing people.
|
|
Previously, schemes concentrated on pensioners and migrant workers, the two groups that save the most in China.
|
|
Social Security is in a tight spot So who will step up to support these former pensioners?
|
|
The protests grew in intensity as pensioners were joined by businessmen and university students in several cities.
|
|
Pensioners will also have 5 percent of their pension taken out to be used for medical expenses.
|
|
Today's pensioners are living in a golden age, but the spending spree may not last for long.
|
|
Bridgestone blundered by promoting a new line of golf cubs as one for pensioners, producing poor sales.
|
|
Instead of hitting small-time pharmacists and pensioners, let's hit the oligarchy, where we really need reform.
|
|
Belgian authorities meanwhile believe that all ages from teenagers to pensioners have fled to Iraq and Syria.
|
|
In Brazil, one of the more popular personal loan products is available to government employees and pensioners.
|
|
Now pensioners are at risk of significant cuts, which estimates have suggested could range up to 20%.
|
|
On Thursday it snubbed its lenders by passing legislation to give pensioners a one-off Christmas bonus.
|
|
This could yield a right-wing bloc taking in the PVV, VVD and the 50Plus pensioners party.
|
|
It increases a 'solidarity tax' and introduces a national pension, while phasing out benefits for poor pensioners.
|
|
The chance of piling up more debt is limited and future taxpayers and pensioners should be grateful.
|
|
This year pensioners were paid a so-called thirteenth payment, as the extra cash handout is known.
|
|
Money raised would help pay long-standing debts to pensioners and support an increase in pension payouts.
|
|
The Dutch government had forecast that roughly half of pensioners would face small pension cuts in 2020.
|
|
Critics of the government's policies worry that diminishing returns on those Mexican energy investments may hit pensioners.
|
|
The committee includes Sears' landlords, the US government overseeing its remaining pensioners, vendors and representatives for bondholders.
|
|
Greece's decision to give a Christmas bonus to its 1.6 million pensioners has riled its euro zone creditors.
|
|
The committee includes Sears' landlords, the U.S. government agency overseeing its remaining pensioners, vendors and representatives for bondholders.
|
|
British pensioners became especially vulnerable when reforms in April 2015 allowed them to withdraw savings previously locked up.
|
|
It is also being topped up by pensioners from the Midwest, drawn by cheap housing and constant sunshine.
|
|
The pharmacist also goes into care homes to review pensioners' medicine and reduce waste from unnecessarily prescribed drugs.
|
|
In Margate, a seaside town full of pensioners, it is hard to find anyone who voted to remain.
|
|
For now, though, British pensioners show little enthusiasm for ending it all—a welcome, if still puzzling, development.
|
|
"I would not want to put at risk the payments that are due to pensioners," Mr. Weiss said.
|
|
Mexico's government wants to attract more American pensioners and their dollars despite its tetchy relationship with Mr Trump.
|
|
This means Poland, with a population of 38 million, may see up to 550,000 new pensioners, Morawiecki added.
|
|
MetLife's problems - it made only two attempts to find the pensioners - has put other insurers on the defensive.
|
|
At first glance it is difficult to see how Britain's 12m pensioners can afford all this high living.
|
|
Some 200 pensioners eventually returned to villages in the area, but Pripyat itself remains dead, a Soviet Pompeii.
|
|
As poor pensioners have become fewer, people in working households constitute an ever-larger chunk of Britain's poor.
|
|
When Rosana Bertone, the province's governor, took office in December, pensioners had not been paid for three months.
|
|
British pensioners registered as residents in Spain now have free access to healthcare under a reciprocal EU deal.
|
|
Under the bill, at least all creditors, including pensioners, would be on the table for a potential restructuring.
|
|
An agreement would clear the way for pensioners and bondholders to get paid after a seven-year wait.
|
|
Televised images showed police shooting unarmed protesters, and pro-government militias assaulting pensioners and students with baseball bats.
|
|
"I find it ...a terrible sign of impoverishment that so many pensioners can't manage in Germany," she said.
|
|
For pension funds, rising interest rates can generate more investment income to cover their obligations to pay pensioners.
|
|
Televised images showed police shooting unarmed protesters, and pro-government militias assaulting pensioners and students with baseball bats.
|
|
The committee includes Sears' landlords, the US government body overseeing its remaining pensioners, vendors and representatives for bondholders.
|
|
The measures include a permanent yearly bonus for pensioners, whose incomes were slashed 13 times from 2010 to 2017.
|
|
In addition, the government will distribute shopping vouchers to some households and cash handouts to pensioners with low incomes.
|
|
Pensioners were also slated to receive a one-off payment of up to 6,000 Serbian dinars ($59.38) in 2017.
|
|
Yet police said their investigation focused on losses to pensioners from reckless or fraudulent investments throughout the Brazilian economy.
|
|
He was re-elected on pledges to protect the poor and pensioners as well as workers' wages and rights.
|
|
Corruption and mismanagement have gone on for so long that Ajaokuta has more than 10,1203 pensioners on its books.
|
|
It not only hurts pensioners, but also the families who must often help shoulder the burden of supporting them.
|
|
State pensioners and employees, including teachers, health workers and police, have been getting paid late or not at all.
|
|
The audience ranged from teenagers to pensioners and reserved some of the biggest cheers for Jagger's snakey dance moves.
|
|
He said the measure would provide support to 1.6 million pensioners who earn pensions below 850 euros a month.
|
|
Pensioners' higher tax bill appears to be frustrating an age group with which he has done well so far.
|
|
The FCA had failed to take effective action to stop pensioners being swindled out of their money, he said.
|
|
At least 15,000 people including pensioners, teachers, doctors and lawyers, marched to parliament as lawmakers debated the new measures.
|
|
The remaining members will be elected by people from certain social and industry groups (like students, pensioners or workers).
|
|
The remaining members were elected by people from certain social and industry groups such as students, pensioners or workers.
|
|
Poverty among pensioners is now below that of working-age people without children (and far below those with them).
|
|
And should Japan ever vanquish inflation, its pensioners will still want a hedge against all those expensive government bonds.
|
|
Companies calculate their liabilities to pensioners using a "discount rate", based on the yield on AA-rated corporate bonds.
|
|
There are about 167,000 public pensioners in Puerto Rico, and more than half are over the age of 70.
|
|
Because of the economic crisis, an increasing number of pensioners care for their grandchildren and even their elderly parents.
|
|
An added problem is that pensioners have become, in many cases, the only source of income in a household.
|
|
"Theresa May and the Conservatives won't stand up for pensioners, their only concern is their billionaire friends," he said.
|
|
Pensioners took to the streets last week in Athens, and police officers and firefighters demonstrated in Thessaloniki on Friday.
|
|
The bill does not do that, but Democrats are pushing to ensure pensioners see their benefits paid in full.
|
|
Lending to public sector employees and pensioners is popular among Brazilian banks because it is viewed as low risk.
|
|
AVID is an umbrella for 20 visitors groups across the country, numbering nearly 900 volunteers, from students to pensioners.
|
|
Garcia Padilla restated the need for Congress to fund Puerto Rico's Medicaid and Medicare systems and pay its pensioners.
|
|
The proportion of pensioners living in poverty rose to 19% last year from 16% in 2017, federal data shows.
|
|
Some people in Sweden say prisoners here are better off than pensioners, and that their conditions should be harder.
|
|
The government also gave a one-off 1,100 zlotys to all pensioners in May, just before European parliamentary elections.
|
|
Other groups that represent pensioners such as the Teachers Federation and the Government Retirees and Pensioners Federation rejected the proposal, noting that the court-appointed committee does not represent them in the negotiations Before former Governor Ricardo Rossello resigned and was eventually replaced by Wanda Vazquez, Puerto Rico's government opposed pension cuts.
|
|
Consumer loans are primarily extended to pensioners with corporate loans mainly advanced to Korean companies in Indonesia, a niche market.
|
|
Greece infuriated Germany after announcing and legislating a one-off pre-Christmas payout for low-income pensioners without being consulted.
|
|
ICBC Indonesia's loan portfolio is mainly derived from larger corporations while BTPN focuses on lending to pensioners and micro lending.
|
|
Recent months have seen big, peaceful demonstrations by pensioners, by both sides in Catalonia and by women protesting against machismo.
|
|
Given the prospect of 440m pensioners by 2050, perhaps it should invest more in creating its much-advertised "harmonious society".
|
|
He also warned that the ECB's ultra-low rates were creating a "gaping hole" in savers' finances and pensioners' plans.
|
|
This trend puzzles experts, but several changes may help to explain why British pensioners are less likely to kill themselves.
|
|
The European Commission said on June 5 that the tax cuts and handouts to pensioners risked undermining the fiscal targets.
|
|
Pensioners, state employees and people working in the tourist industry were expected to enjoy a significant financial uplift after annexation.
|
|
As a result the biggest beneficiaries would be well-off pensioners, because payroll taxes fall only on those in work.
|
|
That is divided among funds for different professions, in which contributions from current workers help to finance payments to pensioners.
|
|
Over the past five years and a lot of pensions have actually been reduced and pensioners have paid the price.
|
|
But like Japan, its population is aging, and pensioners are dragging down the economy because they save rather than spend.
|
|
To protect pensioners who have seen their pensions slashed 11 times since 2010, Athens plans to increase social security contributions.
|
|
There was no mention of plans to end free school meals for primary school children or restrict benefits for pensioners.
|
|
In the 1960s about 40% of pensioners were living in poverty, compared with less than 10% of working-age folk.
|
|
Organisers—a mix of unions, pensioners' associations and consumer-advocacy groups—say that a million demonstrated nationwide (perhaps an exaggeration).
|
|
Such rules would help the management of pension schemes which must make payouts to pensioners many years into the future.
|
|
Francisco Iturriaga Steck, president of Chile's Union of Pensioners, criticized a lack of action from previous administrations, not only Pinera's.
|
|
Poland's government announced a package of tax cuts and spending, including a bonus for pensioners and hefty handouts to parents.
|
|
On present trends, 2018 could be the year that the population of British pensioners on the continent begins to decline.
|
|
If approved, this would clear the way for each business division to pay suppliers, pensioners, government agencies and other creditors.
|
|
These chats are part of workshops with different groups across Hull and Aarhus, which also range from schoolchildren to pensioners.
|
|
Disco, ripped out of New York and plonked into the living rooms of bored pensioners eating steak and ale pies.
|
|
Australia said last week that it would pay 750 Australian dollars ($434) to pensioners and others who receive income assistance.
|
|
In a televised address on Monday, however, Macron said the minimum wage would be raised and taxes on pensioners cut.
|
|
"It's hardly in the interests of southern Spain to do harm to the UK pensioners out there," Raab told reporters.
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After waves of emigration, few villagers remain — a cow herder, a few dozen pensioners and a cluster of Roma families.
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"Every year, 40 to 60 German, Swiss or Austrian citizens die here alone, almost all of them pensioners," he said.
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The party's support comes mainly from the young and well-educated, data shows, while it has little following among pensioners.
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Other LREM candidates include a former bullfighter, a mathematician, pensioners and business owners, many of whom have no political experience.
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In the end, some pensioners took cuts of a few percentage points, and the D.I.A. didn't sell anything at all.
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Francisco Iturriaga Steck, president of Chile's Union of Pensioners, criticized a lack of action from previous administrations, not only Pinera's.
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Two years later he's among millions of Dutch pensioners facing a cut and fearing there may be worse to come.
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But it has infuriated trade unions who argue the reform will erode hard-earned benefits and leave pensioners worse off.
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Legal & General is one of the biggest players in annuities in Britain which offer pensioners a fixed income for life.
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Popular with all sorts of tourists, from backpackers to pensioners from across the world, the country offers something for everyone.
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He claimed pensioners will be 330 pounds ($430) a year worse off under the plans set out in the Tory manifesto.
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However, it did so at the expense of savers and pensioners who saw little return under zero interest rates, some argued.
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But many voters ranging from conservative pensioners to low-income workers complain that Macron's policies mostly benefit companies and the rich.
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Now that labour forces are starting to contract and the number of pensioners is rising, these schemes are rapidly becoming unsustainable.
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The national statistical office estimates that the total number of pensioners will overtake the number of state-sector workers by 2025.
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But there has also been trouble for frisky pensioners who, perhaps less concerned with reproduction, have thrown caution to the wind.
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Rome refused, arguing that Italian pensioners would be hit and investors would no longer be interested in buying the country's debt.
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Such financial woes could still lead many sun-seeking British pensioners to abandon the Costa Brava and settle for merry Margate.
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Even before the latest protests, factory workers had gone on strike over unpaid salaries and pensioners had marched against low payments.
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Around midday, about 10,000 striking workers, pensioners and students marched peacefully to parliament where lawmakers have been debating the 2018 budget.
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They would take years to have much effect on spending, since current pensioners would continue to benefit from the old system.
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They include a permanent benefit for pensioners, who saw their incomes slashed at the peak of Greece's debt crisis in 2012.
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He said that before the attack, the group of pensioners were waiting to go through security before entering the government building.
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Further, a hike in the wages of nearly 10 million employees and pensioners has added to the stress on government finances.
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One piece of good news is that China is thinking creatively about how to look after the swelling ranks of pensioners.
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According to Sanya's government, 22013,22014-280,260 pensioners head to the city each year, perhaps half of them from the north-east.
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The protests, which have included pensioners and students, weren't limited to Managua and were reported in other places outside the capital.
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The Post reported that the companies the pensioners used to work no longer exist or stopped participating in the pension programs.
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Yet pensioners, who may have seen little reason to maintain up-to-date paperwork, could face problems proving their residential history.
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In a country with a population of 3.5 million, of which 1 million are abroad, there are more than 700,000 pensioners.
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Democrats failed to include language protecting Puerto Rican pensions in any restructuring, but Lew said island pensioners now have zero protection.
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It also said the 300,000 British pensioners who live in the European Economic Area are at risk of losing their benefits.
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The retreat by Mark Rutte's centrist government had been widely expected, given anger among pensioners and national elections due in 13.
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In a victory for the pensioners, a judge froze payments to other creditors last month until the pension issue is resolved.
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These are available to low-income workers and pensioners, while children and adolescents from large families are also welcome to apply.
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Still, the huge fees can eat into the money that is left over for small creditors — typically vendors, suppliers and pensioners.
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Pedaling alongside my fellow commuters — students, workers, pensioners — I felt part of a communal experience that might soon be gone forever.
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Others in that category interviewed by Reuters here cited the perception that asylum seekers were getting more financial support than pensioners.
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Melrose told Reuters it had an "impeccable track record of safeguarding and improving pensioners' rights in every acquisition we have made".
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Pensioners in the country are often the sole means of support in a household, where a quarter of the workforce is jobless.
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But hewing to campaign promises about cutting fees, regardless of performance, is not serving as a proper fiduciary to North Carolina pensioners.
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This week she posed for selfies with teenage school kids and chatted with pensioners during campaigning in struggling Western Australian regional centers.
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Greek lawmakers on Wednesday approved tax breaks and bonuses for pensioners days before elections, rowing back some austerity mandated by international bailouts.
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Small, single-issue groups like the Party for the Animals and 50Plus, a pensioners' party, are likely to gain seats as well.
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Some parties disregard the young completely: in the Netherlands 22015PLUS, which campaigns almost exclusively on pensioners' issues, is polling in double figures.
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More than 100,000 British pensioners live it up in sunny Spain; meanwhile, up to 100,000 working-age Spaniards brave the British cold.
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Thousands of pensioners - a key voter constituency - marched through Paris and other cities in protest over higher social security taxes on Thursday.
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To qualify, foreign pensioners who move to Portugal need only stick around for six months a year and register as tax-resident.
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He has pledged to do more, such as raising the retirement age and getting some pensioners to pay more for health care.
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A government is forced to choose between its debtors and others with a claim on its money, like civil servants and pensioners.
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Impagliazzo, who once worked for Italy's social security department, launched his mission to feed the needy with a handful of fellow pensioners.
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It was later re-elected on a mandate to protect workers' and pensioners' rights, but opinion polls show its popularity ratings sagging.
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Some day soon, cruise ships will disgorge frolicking pensioners not by the palm-fringed Persian Gulf but on the balmy Pakistan Riviera.
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Newspapers published letters from pensioners vowing to go to prison rather than cough up £154.50 ($196.80) a year for a TV licence.
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"We are working towards an agreement on the GKN pension schemes which will strengthen them and better protect GKN's pensioners," he said.
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Among his promises: More money for pensioners, mortgage and tax relief for families, and financial incentives for women to have more children.
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"We will then need to judge whether the law is strong enough to protect future pensioners' contracts in occupational schemes," he said.
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Pensioners too knew that he would raise their contributions, to compensate for his decision to lower social charges on people in work.
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Immigrants were a fiscal burden in Germany in part because lots of them are pensioners, who tend to drain the public finances.
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The last third of the assembly will be voted in by specific categories of people — students, pensioners, indigenous groups, and so on.
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"A giant shadow has been removed from our business, our staff, our pensioners and our investors," BT Chief Executive Gavin Patterson said.
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The federal government has partially deferred a hike in wages of its 10 million employees and pensioners to cut its spending bill.
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Wages should be higher, and pensioners should be able to afford their heating bills without having to sell flowers in the subway.
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The rise of swanky retirement homes hints at another trend: that the wealthiest pensioners' incomes are soaring away from those of others.
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The government coalition, which took power in September 2014, includes Cerar's Party of Modern Centre, the Social Democrats and pensioners' party Desus.
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Moreover, the default affects over 85033,000 American pensioners across the country, including union members leveraged by Peru's lack of good faith repayment.
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The former investment banker pledged to cut taxes on workers and employers, while raising taxes on income from investments and wealthy pensioners.
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It is more important for the pensioners but for us as a shareholder, we're interested in the total return of the stock.
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The duo then joined the students and Pensioners outsider for lawn bowling; Trump expertly tossing the heavy ball over a few rounds.
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If Congress fails to act soon, taxpayers will have to foot a huge bill for millions of pensioners who lose their benefits.
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Our staff continue to scrutinize new debt restructuring agreements to ensure they protect pensioners and generate meaningful financial relief for island residents.
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" Trump is a criminal, he said, surrounded by "fifth-tier grifters" who, under normal circumstances, would be "generating PowerPoints to defraud pensioners.
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Internal failures that resulted in MetLife not making payments to thousands of pensioners stretched back 25 years, the company said in January.
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There are 15 million pensioners in France, and three out of four voted for Mr. Macron in the second round of balloting.
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Portugal Dispatch NAZARÉ, Portugal — At the market in the ancient fishing village of Nazaré, Portuguese pensioners shopped for their fruit and vegetables.
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Cash transfer measures are set to benefit farmers, rural workers, poor pensioners, construction workers, low-income widowers and more, according to Sitharaman.
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The retreat by Mark Rutte's centrist government had been widely expected, given pensioners' anger and the approach of national elections in 2021.
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In response, Macron pledged tax cuts for pensioners and minimum wage increases that will cost France an additional 240-21.5 billion euros.
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In late June, Christina Tallberg handed him a petition, signed by 139,064 pensioners, asking the government to safeguard the use of cash.
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The Hungarian unit of the freight transport company Rail Cargo Group was looking for engine drivers, including pensioners willing to work part-time.
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One investor in cryptocurrencies recalled that remark when he saw advertisements on the London Underground that seemed to suggest pensioners invest in bitcoin.
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Jansa's SDS last week started coalition talks with the center-left Party of Modern Center, the conservative New Slovenia and pensioners' party Desus.
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The government outlined a 10 billion euro ($11.18 billion)package in December aimed at boosting the incomes of the poorest workers and pensioners.
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In Britain free bus passes, television licences and energy subsidies for pensioners have survived government cutbacks; housing assistance for the young has not.
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The state of Rio supports more public-sector pensioners than working civil servants; for every police colonel on active duty five are retired.
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Within a decade the ratio of pensioners to working-age folk will move rapidly in the wrong direction, as the baby-boomers retire.
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His anti-hero tells pensioners at a mass golden-wedding festival that "the past must be buried before the future can be forged".
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Among the victims were dozens of pensioners, including some who had put their life savings in the safe deposit boxes that were targeted.
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Some insurers see the superfunds as competition to the traditional bulk annuity market, while offering less protection to pensioners than a bulk annuity.
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Every now and then, he will throw in a curveball task, like making them sell Hello Kitty phone cases to pensioners, or whatever.
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But deciding that pensioners' interests should be put above those of bondholders — if a choice must be made — is not without certain risks.
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The government outlined a 10 billion-euro ($11.2 billion)package in December, aimed at boosting the incomes of the poorest workers and pensioners.
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The people waiting in line were primarily from middle-class and lower-income households: executives from private sector companies, pensioners, handymen and housewives.
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Today's youngsters may resent having to provide for more pensioners, not least because they feel that older generations have it easier than them.
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Last year, Osborne announced pensioners would no longer have to buy an annuity, or an income stream for life, with their pension savings.
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Pensioners from the Windrush generation, who moved to Britain in the 1950s and then returned to Dominica, have now gone back to Britain.
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"Coming out of a comprehensive restructuring, I think that pensioners could end up with more security than they have right now," Lew said.
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Located in the central Netherlands, Doorn is mostly populated by young families, pensioners, nature lovers and folks seeking a slower pace of life.
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Desperate to contain the uprising, Macron's government announced wage increases in December for the poorest workers and a tax cut for most pensioners.
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Rich, ageing societies will find that, unless the youth of today can get a foot on the career ladder, tomorrow's pensioners will struggle.
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And although the high-rolling pensioners help to boost spending, an exodus of youngsters makes it hard for firms to hire new talent.
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Rossello has said cuts to pensioners outlined in Tuesday's plan will be targeted, with the biggest cuts hitting those with the cushiest benefits.
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Many pensioners, who complain that actual benefits are meager and often paid late, would be surprised to hear the system described as generous.
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Thousands of Portuguese live in Britain and many work as nurses, waiters and cleaners while British citizens living in Portugal are mostly pensioners.
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A Notcutts with a busy cafe full of pensioners eeking out a cup of tea and a bakewell tart for hours on end.
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But a giveaway to the under-40s was welcome from a party that has hitherto ruthlessly protected pensioners' privileges while ignoring the young.
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Luckily for the American economy, the dumb money this time around is no longer a mob of deluded pensioners waist-deep in Webvan.
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Mati, a heavily wooded area on the coast east of Athens overlooking the sea, was popular with pensioners and children at summer camps.
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As the chart shows, the proportion of pensioners in absolute poverty has fallen from 260% in the early 123s to about 212% today.
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Pensioners were hit by higher social security payments and teachers went on strike in March to protest against planned public sector job cuts.
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They have repeatedly expressed misgivings over a lopsided tax system where a small pool of taxpayers are supporting a growing contingent of pensioners.
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Laying off so many workers and pauperizing pensioners sharply reduced demand, which triggered further lay-offs and wage cuts in the private sector.
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The establishment deftly catering to both medieval fantasy fans and pensioners is The Cuan Inn, which sits in the picturesque village of Strangford.
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The week it opened, I lined up, elbowing past school kids and pensioners for the chance to gaze upon the shoebox-size lump.
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A good heist tale is a good heist tale; a dull one can't be rescued by the fact that the thieves are pensioners.
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Abela has vowed to put more focus on social issues, particularly living standards and pensions, and has proposed offering free medicine for pensioners.
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"This new reform represents a structural change and creates a new pension system," Pinera said, adding that it will benefit a million pensioners.
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Students, knowing that the reforms would endanger the welfare of their parents and grandparents, took to the streets to protest and support pensioners.
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Mati, 29 km (18 miles) east of the capital, is a popular spot for Greek holiday-makers, particularly pensioners and children at camps.
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The charter bus, carrying a party of pensioners, landed on its side below the bridge in the town of Kuopio in central Finland.
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"The persistent low interest rate is a reality that we obviously need to take into account," ABP's Wortmann-Kool told pensioners last month.
|
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In mid-December, he scrapped a contentious fuel tax increase and promised extra cash for minimum wage earners and tax cuts for pensioners.
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"Tsipras has betrayed us," said Stelios Vitzilaios as he marched with about another 4,000 pensioners through Athens with the aid of a walking stick.
|
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A group of pensioners take to the waves in keep-fit, keep-young surfing lessons that aim to show age is just a number.
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Workers will take breaks to look after children or go back to school; pensioners will take up a new job or start a business.
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Other protest movements are also simmering, with university students, public workers, garbage collectors and pensioners all angry at Macron's social and economic reform agenda.
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He notes that the country has little appetite for importing workers, so it will have to make more use of pensioners, women and robots.
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The minister said pensioners would also be compensated for higher-than-expected 2017 inflation, which was expected to exceed the government's 1.6 percent forecast.
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From the mid-2020s the ratio of pensioners to workers will start to move rapidly in the wrong direction, weighing heavily on the state.
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Fortunately, Britain still spends a lot on international action, but only a fraction of it on diplomacy, less than on pensioners' winter fuel allowance.
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"This would have a negative impact on the revenue of future pensioners," the commission said in a communication in conjunction with the EMIR review.
|
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Greek lawmakers approved in May tax breaks and bonuses for pensioners before elections in earl July, rowing back some austerity mandated by international bailouts.
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They depend on you not seeking alternatives that invest in the small businesses that actually serve the needs of the vast majority of pensioners.
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One, proposed by the Democrat Bernie Sanders and supported by several presidential hopefuls, is "Medicare for all", based on the existing scheme for pensioners.
|
|
Prioritizing debt service after extraordinary measures were exhausted implies that the U.S. government could fall behind on contractual obligations to employees, pensioners and suppliers.
|
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The plan would raise contributions paid by people with higher incomes and limit the extent to which pensioners can collect more than one benefit.
|
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Those regular pensioners and depositers who have invested in higher-yielding bonds could, under EU rules, take a haircut in case of a recapitalization.
|
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That will further depress the ratio of workers to pensioners in a country that already suffers from mass emigration and a low fertility rate.
|
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Benefit structures are widely seen as unsustainable, but draconian cuts to pensioners could deepen the population's reliance on government subsidies and compound rampant emigration.
|
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Teachers, doctors, air-traffic controllers and pensioners are expected to join the 24-hour, nationwide walkout by the country's biggest public sector union, ADEDY.
|
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Whether they're bullying pensioners in Gloucestershire or pestering punters in Cambridge, the snowy white brutes can get away with pretty much anything they want.
|
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The deal covers longevity risk related to around 2,900 pensioners across parts of insurance broker Aon Retirement Scheme, the firm said in a statement.
|
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MGI calculates that pensioners in the rich world spend an average of $39,000 on consumption compared with $29,500 for the 30-44 age group.
|
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In February, the company had to boost reserves by $510 million pretax because it had previously released funds for its obligations to the pensioners.
|
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Above all, they argue, the interests of the underlying clients of the finance industry—the depositors, the workers and the pensioners—should come first.
|
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Tensions flared when dozens of pensioners attempted to push over a police bus blocking their way a few hundred meters (yards) from Tsipras' office.
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Read more: Chinese pensioners drown out other customers in karaoke barsHe added this injury was common among males, especially those middle-aged or older.
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The government's efforts to protect current pensioners at the expense of future retirees could create a long-term split to the benefit of "insiders".
|
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Banks favour public sector employees because employment stability in the public sector is high and states have, until now, paid employees and pensioners promptly.
|
|
Local media reports that the state owes thousands of naira to pensioners and civil servants in the state, but Okorocha has dismissed the allegations.
|
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But the canteen's very success among the pensioners — and increasing lack of popularity among city workers — has become a problem for the Hamburg authorities.
|
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Nor has any evidence emerged to support the dossier's claims about D.N.C. moles, Romanian hackers, Russian pensioners — or years of Trump-Putin intelligence trading.
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The couple, both pensioners, left for a time when the fighting began, but returned to protect their belongings, to renew their sense of place.
|
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Shoprite said it has also allocated special till points for pensioners and vulnerable people including those with disabilities at its Shoprite and Checkers supermarkets.
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Shoprite said it had also allocated special till points for pensioners and vulnerable people including those with disabilities at its Shoprite and Checkers supermarkets.
|
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Last week Jansa formed a coalition with the center-left Party of Modern Centre (SMC), the conservative New Slovenia and the pensioners' party Desus.
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They were the cheapest of government-subsidized frames, the type that poor pensioners wore, or middle-class students, when they wanted to appear ironic.
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Many, like the Hackstaetters, will have emigrated for economic reasons, and growing numbers of pensioners in Germany are now living below the poverty line.
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He said recent positive changes include the launch of programs to improve treatment for military veterans and help pensioners gain access to certain medicines.
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His assurances that he would protect the poor, government workers and pensioners have amounted to empty promises in the absence of a functioning economy.
|
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The year-long independent review will also examine the impact of generous tax rebates that low income pensioners can receive on future government budgets.
|
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And then the founders can feel good about the fact that in many cases, you know, the majority of money may be [from] pensioners.
|
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In Venezuela, several thousand government supporters, mostly public workers, militias and pensioners, gathered on their side of the Tienditas bridge for a counter concert.
|
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The quick version: Blackstone is helping to defeat a proposition to increase rent control in California, while simultaneously raising money from the state's public pensioners.
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Sales of annuities, which pay pensioners a fixed income for life, have dropped sharply since the introduction of new pension rules in Britain in 2015.
|
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Macron announced in December a package worth more than 10 billion euros ($11.4 billion) to boost the income of the poorest workers and of pensioners.
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Their age gives them something in common with these four pensioners who pulled off a major diamond heist, as detailed in the New York Times.
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"I have really terrible memories," she added, saying she recalled Swiss pensioners who had lost money on UBS shares hurling eggs at the bank's staff.
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As a result, by 2050 the number of pensioners will rise to 76 for every 100 workers (from 30-plus now), according to the OECD.
|
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Although Japan's central government redistributes money between municipalities, much of what local governments spend comes from local residency taxes, which fall only lightly on pensioners.
|
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Labour and the Lib Dems agree on enfranchising 16-year-olds (who might vote for them) and protecting the incomes of pensioners (who generally don't).
|
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Britain is a bit short on such places—Cornwall, lovely as it is, is not known as the "Sunshine County"—so most pensioners don't bother.
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And the design of the social-care system means that most British pensioners do not need to sell their home to pay for their treatment.
|
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In rapidly ageing Bulgaria, already Europe's fifth-greyest country, nearly 60% of pensioners are below the government's poverty line of 321 lev ($196) a month.
|
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Pensioner discontent is a delicate issue for the former investment banker: France has some 15 million pensioners who typically vote in higher numbers than others.
|
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The government has also opened new credit lines for pensioners and families with children and expanded a plan to build new homes with state financing.
|
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Carillion became the largest construction bankruptcy in British history last year, leaving creditors and pensioners facing steep losses and putting thousands of jobs at risk.
|
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The Russian budget is under pressure from a growing number of pensioners and a shrinking workforce caused by sluggish birth rate in the early 2000s.
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The resort town of Mati, a wooded area overlooking the sparkling sea east of the capital, was popular with pensioners and children at summer camps.
|
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In respect of the rest, it has now been decided to exempt the pensioners, beneficiaries of social benefits from the Government and accounts of Minors.
|
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Mr Jackson (not his real name) is typical of pensioners being affected by the slow erosion of services for the elderly over the past decade.
|
|
Desperate to contain the uprising, President Emmanuel Macron's government announced wage increases in December for the poorest workers and a tax cut for most pensioners.
|
|
But such targeted cuts could run into legal challenges from pensioners upset at the prospect of unequal treatment for members of the same pension plan.
|
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Philadelphia, for instance, now has a funding gap of $5.71 billion, or less than half of what it owes its 64,000 current and future pensioners.
|
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"You could see American taxpayers see great benefit from better infrastructure, and you can see American pensioners see significant returns from private equity," he said.
|
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To protect pensioners whose benefits have been cut 11 times already since 2010, the government plans to increase social security contributions by employees and employers.
|
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The winter pensioners are "awesome", enthuses Wu Qifa, a farmer in Danzhou, a village on the edge of Sanya, who rents out rooms to them.
|
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The BBC agreed then to take on subsidising £700m of licence fees for pensioners over 75, which has until now been paid by the government.
|
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What I do think is really funny are the pensioners who stand outside in the mornings, scraping at the door with their walkers and canes.
|
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Raúl Labrador (R-Idaho), a Puerto Rico native who serves on the Natural Resources panel, successfully inserted a firewall between payments to bondholders and pensioners.
|
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Greece has argued that, in depression-like economic conditions, Greeks cannot afford pension cuts, especially when pensioners are now the only breadwinners in many families.
|
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Despite being a key piece in the island's economic recovery, thousands of pensioners in Puerto Rico are facing the devastating consequences of an economic calamity.
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Pensioners in some European countries still garner generous benefits: those in France enjoy a 75% net replacement rate; those in the Netherlands expect over 100%.
|
|
Merkel showed little willingness to take a position on the disputed question of whether the pre-Christmas payout to pensioners was compatible with bailout obligations.
|
|
Desperate to contain the uprising testing his authority, Macron announced wage increases in December for the poorest workers and a tax cut for most pensioners.
|
|
In Athens, some 1,500 pensioners gathered to protest more than a dozen rounds of pension cuts since bailout-induced austerity was enforced seven years ago.
|
|
BHS had a 571-million-pound hole in its pension fund, which if not filled will leave 20,000 pensioners facing significant cuts to their income.
|
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Between the lines: The immediate consequences of a "no-deal Brexit" include possible shortages of medicine and benefits losses for British pensioners living in Europe.
|
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The Greek government official said the latest primary surplus projection includes the impact of a one-off payout to pensioners of about 600 million euros.
|
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This is a winning strategy considering the average Ukrainian survives on a monthly salary of about $348 and pensioners on less than half of that.
|
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Girish Reddy, co-founder of KKR Prisma, described the deal as a strategic partnership that benefited Kentucky pensioners by giving them access to KKR's resources.
|
|
The largest number of detentions occurred in St. Petersburg, where images of the detention of a school-age boy and older pensioners quickly went viral.
|
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It has been negotiating with Sears for years, and the insurer believes Sears will be able to pay benefits for most of its 90,000 pensioners.
|
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"This agreement will result in increased security for Rolls-Royce pensioners and reduced risk for our business," said Joel Griffin, Rolls-Royce head of pensions.
|
|
So, there was a consultant that came to them and just said, 'By getting out of tobacco in the '80s you have lost the equivalent of $3.5 billion for your pensioners and maybe all of these social programs' -- I don't know if you saw this piece, 'Maybe all of the social ideas that you have been espousing are actually costing the pensioners and this should be rethought.
|
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To protect pensioners whose benefits have been cut 11 times already since 2010, the government has proposed to increase social security contributions by employees and employers.
|
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Greece's Prime Minister Alexis Tsipras has locked horns with Germany's Angela Merkel amid an argument about a Christmas bonus payment for poor Greek pensioners in December.
|
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But he also boosted spending on state employees, pensioners and the armed forces and promised more funds for rural infrastructure, leading economists to doubt the targets.
|
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In general elections from the 1980s to the 2000s, pensioners were around one-third more likely to vote Conservative than were 18- to 24-year-olds.
|
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"It calls for the oversight board to treat everyone equally and fairly and by that I mean pensioners and the rest" of the bondholders, she said.
|
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Potential allies include the centre-left Party of Modern Centre with 10 seats, conservative New Slovenia with seven seats and pensioners' party Desus with five seats.
|
|
There are yet more goodies for German pensioners, for example: alongside the 48% rate the blueprint envisions expanding the "mothers' pension" for stay-at-home parents.
|
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It keeps the "pay-as-you-go" system, in which current workers support current pensioners, but phases in a minimum retirement age and minimum contribution period.
|
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Last year tens of thousands of people protested against the privately managed pension system, which pays out lower benefits than some of the pensioners had hoped.
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Lawmakers are opposed to slashing spending on childcare and subsidies to low-income pensioners, which were to be paid for by revenues from the tax hike.
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The private investment funds through which Australians are obliged to save for their retirement have been charging excessive fees, leaving pensioners poorer than they should be.
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The country should be investing in infrastructure and machinery to ensure that tomorrow's smaller workforce is well equipped to provide for a large population of pensioners.
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The island would also cut fringe benefits to some public employees, reduce subsidies to municipalities and the University of Puerto Rico, and cut benefits to pensioners.
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Pensioners are cast adrift like Captain Bligh in Mutiny on the Bounty or like the cast of Lost, marooned with smoke monsters and an impenetrable script.
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Lawyers, doctors, pensioners and engineers have taken to the streets to protest against a planned pension reform, and truck drivers are threatening to do the same.
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Moreno, who uses a wheelchair since being shot during a robbery in 1998, has promised to boost social benefits to single mothers, pensioners and the disabled.
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In 2017, MetLife disclosed that it had failed to make payments to pensioners whom it could not locate after taking over their plans from private companies.
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Two anonymous sources said one allegation involves whether a system for routinely paying thousands of Russian-American pensioners may have funded some of the email hackings.
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Even in Detroit, where pensioners suffered losses of about 18 percent, bondholders on average took home only 25 cents on the dollar, the Moody's data shows.
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A deal would have been both in the public interest and in the interest of "innocent stakeholders" such as employees, customers, shareholders and pensioners, it said.
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It normally means opening a small cafe, and charging pensioners £15 to wander around the drawing room before trying to flog them a commemorative biscuit tin.
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Pensioners in the top income quintile have seen their earnings from salaries and self-employment rise in real terms by 60% in the past 30 years.
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The cap would lead to a higher number of pensioners and lower pensions and may have a negative impact on the strained labour market, RRZ said.
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After subtracting housing costs, pensioners' incomes surpassed those of the non-retired in 2011, finds the Institute for Fiscal Studies (IFS), a think-tank (see chart).
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Moreno, who uses a wheelchair since being shot during a robbery in 1998, has promised to boost social benefits to single mothers, pensioners and disabled Ecuadoreans.
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Where I expected a veritable thigh gap convention, I found the exact opposite: Chubby men reading tabloids and plump pensioners in yoga pants dominated the beach.
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Investing in the retirement sector is viewed by analysts as a means to profit from Australia's aging population and tap generous government subsidies offered to pensioners.
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Populated only by pensioners eating soft food like boiled potatoes and gravy, I went into the equally pokey back patio to soak up the Oxfordshire sun.
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Polls consistently show Corbyn's Labour is favoured by younger voters over the Conservatives, whereas the over 50s and pensioners have a strong preference for the Conservatives.
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While I believe that pensioners should be touched, the right thing to do is for bondholders to take the majority of the burden of the adjustment.
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Operating expenditure is set to rise by 6.5%, including a large support package for the rural sector and pay-outs to public-sector workers and pensioners.
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The current center-right government's policies have hurt the income of less privileged groups such as pensioners, families with children, students and the unemployed, Rinne said.
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More than 10,000 striking workers, youths and pensioners marched to parliament around noon (1000 GMT), most of them waving flags of the Communist-affiliated group PAME.
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His party won the largest share of seats, and formed a coalition government with two smaller parties, the Democratic Party of Pensioners and the Social Democrats.
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By then, the meme was unstoppable: Other clips in the "Satisfaction challenge" have now featured pensioners in a communal flat, swimmers dancing underwater, future doctors, actors.
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Mati, a heavily wooded area which sits on the coast east of Athens overlooking the sparkling sea, was popular with pensioners and children at summer camps.
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Chicago owes $45.2 billion to current and future public-sector pensioners, but had set aside only $9.5 billion as of the city's latest audited annual report.
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A smaller working population will have to support a growing number of pensioners, with lower growth and lower revenues having to cover higher social security costs.
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More than 6 million welfare recipients, notably pensioners and unemployed citizens will get a one-off cash payment of A$750 from March 31, he added.
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Parents stroll the streets with young children while a group of pensioners has set up an impromptu market in the center, selling milk and other produce.
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The market for individual annuities has been in decline since the British government gave pensioners more choice about how to use their pension pots in 2015.
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When I visit on a Monday afternoon, every table is full—pensioners, builders, and students rubbing shoulders with bikers, couples, and friends of the Woodham family.
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They have also signalled "an end to austerity", scrapping proposed cuts to schools' budgets and scrambling to find billions more for social care without raiding pensioners' benefits.
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With house prices soaring in many countries, releasing some of this equity could greatly benefit asset-rich but cash-poor pensioners, as well as the wider economy.
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The wage increase applies to government employees and pensioners, which means that workers in the informal economy, a significant part of the country's workforce, won't be affected.
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Government officials have said the money will first be available to pensioners, from January, and gradually introduced to all people below the poverty line some months later.
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Its economy contracted again in the fourth quarter of 2016, nearly one in four Greeks is unemployed and its pensioners have already seen 11 cuts to income.
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In 2014 several pensioners in Anhui province were reported by state media to have killed themselves shortly before a no-burial policy was due to take effect.
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However critics of the model say it provides less protection for pensioners than a bulk annuity, an insurance policy that guarantees pensions will be paid in full.
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When it entered China, MCS set its prices high and built single-bed rooms to Japanese standards, offering the privacy and calm that pensioners in Japan demand.
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The risk, jokes one investor, is that it may prove to be little more than a free gift "from pensioners in California to the Indian middle class".
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The Association of Venezuelan Pensioners and Retirees in the Community of Madrid represents 4,000 people who've stopped receiving their pensions from the Venezuelan government without an explanation.
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The SDS, the largest party in parliament, has begun talks with the center-left Party of Modern Centre, the conservative New Slovenia and the pensioners' party Desus.
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An automated system rolled out to detect overpayments made to welfare recipients, it's been accused of sending incorrect notices to student, single mothers, pensioners and many others.
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Left Bloc's Catarina Martins has signaled no outright challenge to the course of budget consolidation if the government agrees to increase pensions, especially for low-income pensioners.
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Nonetheless, many pensioners complain they have been hurt by a package of other tax increases, such as on diesel, and social welfare reductions, including on housing aid.
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That is a hard sell in Arizona, home to waves of tax refugees from California and pensioners reluctant to spend their fixed incomes on other people's children.
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In an effort to rebuild public support, the government gave Greece's 1.3 million pensioners a one-off Christmas bonus last year, worth 300 to 500 euros each.
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As a rule, the lower the fertility rate, the faster the rise in the dependency ratio (the number of pensioners relative to the number of working people).
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Tsipras pledged to reinstate a permanent benefit for pensioners who had their income slashed in 2012 and to lower value added tax in some categories, including restaurants.
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It also introduces a national pension of 384 euros a month after 20 years of work, phases out a benefit for poor pensioners (EKAS) and recalculates pensions.
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"Having seen the fate that befell British Steel pensioners, the Committee called on the FCA to take urgent action to ban contingent charging," Field said on Thursday.
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It also redesigned it marketing, promoting the new phones during bus tours for pensioners and providing classes in shops to explain the ins-and-outs of apps.
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The problem, which MetLife is in the process of trying to fix by locating and paying the pensioners, stretched back 25 years, the company said in January.
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Pensioners will almost certainly be faced with reduced payouts, potentially putting their ability to afford the basics of life — food, housing and health care — in serious jeopardy.
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Founded by King Charles II in 1682, Royal Hospital Chelsea is not actually a hospital, but rather, a home for retired soldiers, known as the Chelsea Pensioners.
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Last year, Tsipras unexpectedly announced that the state would pay out about 600 million euros to low-income pensioners, a move that angered the country's international lenders.
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On Monday, Greece announced it will distribute 1.4 billion euros ($1.63 billion) as a social dividend to pensioners and others hit hard by the country's austerity program.
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With unfunded public pension liabilities now exceeding $6 trillion across the nation, these ridiculous divestment antics risk further insolvency and could leave millions of pensioners needlessly exposed.
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But Mr. Lampert has been accused in lawsuits filed by pensioners and Sears shareholders of picking apart the more-than-a-century-old retailer to enrich himself.
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On Thursday, the government said it would distribute a one-off benefit to pensioners ahead of Christmas due to a better than expected fiscal performance in 20183.
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RIO DE JANEIRO (Reuters) - Families, pensioners and young couples in Brazilian shirts cheered on the country's female beach volleyball players competing on Rio's Copacabana beach on Friday.
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Left Bloc's Catarina Martins has signalled no outright challenge to the course of budget consolidation if the government agrees to increase pensions, especially for low-income pensioners.
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"I see results, the others are only talkers," said Erwin Heinl after meeting Babis at a pensioners club in Varnsdorf, 125 km (75 miles) north of Prague.
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In 20.1, the ratio of working-age people to pensioners in the EU will be 20.01-to-1, while in 2050 it will be 2-to-1.
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Officials have said the budget is designed to provide for the basic needs of low-income groups, including state employees and pensioners, and to support production and employment.
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Pensioners and soldiers will also be given bonuses, while the government will bear the cost of VAT in some situations, such as the first purchase of a home.
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Everyone loved the pictures of her meeting the kids and their -- and the Chelsea pensioners so she&aposs been a real -- MACCALLUM: She&aposs a nice moderating factor.
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His remarks came as French President Emmanuel Macron pledged to cut taxes for pensioners and raise the minimum wage in January, after a wave of protests against him.
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Magdalena Rokonai's company employs about a dozen pensioners in a call center in the eastern Hungarian town of Miskolc, doing phone surveys for market research companies and pollsters.
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It has presented a plan which increases social security contributions and recalculates future pensions but has also promised to protect pensioners on whom entire households can sometimes depend.
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The Labour Party's 19833 election manifesto offers "New Hope for Britain" on a bright yellow background, complete with pictures of jolly pensioners, earnest young women and cute toddlers.
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DOWNHAM MARKET, a town of 265,29 souls perched on the edge of Norfolk's Fenland, is quiet on an overcast bank-holiday Monday, save for a few shopping pensioners.
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Matt Bird of the Cinnamon Network, a Christian organisation that helps such groups replicate their activities, was shocked to discover that half a million pensioners spend Christmas alone.
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In England one-third of all bus trips are fare-free because of concessionary travel passes, especially for pensioners; Wales runs free travel at weekends to boost tourism.
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STOCKHOLM, Nov 15 (Reuters) - Sweden's caretaker government said on Thursday it would cut taxes for pensioners in a budget limited by the political deadlock after September's inconclusive election.
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The plans involved creating a market into which pensioners could sell their annuities, but consumer groups warned that retirees risked squandering their savings, or falling prey to scams.
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Welfare states also have an undesirable tendency to spend ever more on increasingly wealthy and numerous pensioners, leaving an ever skimpier safety-net for those of working age.
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All Danish wage-earners contribute to the fund, which had 5,025,000 members and made payments to almost 1 million pensioners as of the end of the third quarter.
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Kuroda noted that about one-third of the population are pensioners, who are less keen to see prices rising and eating into the value of their pension payments.
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Finance minister Michel Sapin, speaking in Paris, expressed understanding for Tsipras's decision to spend 617 million euros on pensioners because Greece had exceeded its 2016 primary surplus target.
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"Brava!" shouts a large tattooed man next to me and the crowd screams in agreement – children, pensioners, pets all squeezed together on the steps of a derelict church.
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While they have been popular among investors, especially pensioners, financial experts agree the products make little economic sense because investors cannot reap the benefits of higher compound returns.
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"It will be a one-time bonus payment made in March," opposition lawmaker Agustin Rossi told reporters, adding that the overall bill remained inadequate to meet pensioners' needs.
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MetLife revealed two errors in 2017, including internal failures that resulted in the insurer not making payments to 13,500 pensioners whose plans MetLife took over from private companies.
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The government will increase aid for poor families and needy people such as pensioners by 170 million dinars ($70.3 million), Mohamed Trabelsi, minister of social affairs, told reporters.
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Pensioners took to the streets of Athens earlier this year in protest, and international creditors have said the government needs to make further reforms to the pension system.
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ATHENS, Dec 14 (Reuters) - Greek Prime Minister Alexis Tsipras will call a parliamentary vote for Thursday on a one-off benefit approved to pensioners, a government official said.
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The movement of "snowbird" pensioners from cold Northern countries to warmer, Southern ones, illustrates that maintaining middle-classness into one's golden years is getting more and more difficult.
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Greece will distribute 20163 billion euros as a social dividend to pensioners and others hit hard by the country's austerity programmes, Prime Minister Alexis Tsipras said on Monday.
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Athens's European lenders last week suspended short term debt relief for the nation after Tsipras's leftist administration granted a one-off Christmas bonus to pensioners without consulting creditors.
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But she appeared to defend criticism in Germany of the central bank's record low interest rates, which is hurting savers and pensioners as well profit margins of banks.
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But for pensioners relying on their retirement benefits or students relying on financial aid, this costly decision to make a symbolic divestment choice may carry an unintended consequence.
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Sobyanin has also promised to protect Moscow's around three million pensioners, who like the rest of the country face a phased five-year increase in the pension age.
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Imagine the spiritual pettiness required for someone to send a mean letter to a pair of innocent Scottish pensioners, all in the name of criticising their grandson's accent.
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He said his plan would offer BHS pensioners a "better outcome" than compensation available from the Pension Protection Fund, the scheme that helps finance pensions after company insolvencies.
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Life insurers and asset managers in Britain have been refocusing their businesses to capitalize on rule changes giving pensioners more freedom on how to spend their pension pots.
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Macron announced wage rises for the poorest workers and tax cuts for pensioners late on Monday, which are expected to increase public spending by 8-210 billion euros.
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L&G sold 829 million pounds in individual annuities, which pay pensioners a fixed income for life, in the year to Oct 13, up 34% year-on-year.
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Jeff Paik, the founder of Finector, a research firm in Seoul, said the trading had been worrisome because it had been dominated by older pensioners, not tech geeks.
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GAZA CITY — The payday line at a downtown A.T.M. here in Gaza City was dozens deep with government clerks and pensioners, waiting to get what cash they could.
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A few steps from the chocolatier owned by Brigitte Macron's family, a couple of pensioners said they were still hesitating whether to vote for Macron or another candidate.
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It also introduced a 10% wage increase for all health workers and a one-off payment to help pensioners, most of whom have been asked to stay indoors.
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Thousands of Greeks took to the streets in February to protest a planned pension reform which increases social security contributions and phases out benefits for low income pensioners.
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The only thriving business involves retired people, he said, since about 40 pensioners regularly visit a community center that used to welcome about 10 people a decade ago.
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Indeed, thousands of British pensioners have chosen to retire on Vancouver Island, part of the province of B.C., which has a milder climate than the rest of Canada.
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Last week also marked the 10th anniversary of the bailout of British bank Northern Rock, which saw the savings of reportedly over 100,000 investors, including pensioners, wiped out.
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Duque said the proposal will be modified to return value added tax (VAT) to the poorest 20% of Colombians and lower contributions to healthcare by minimum wage pensioners.
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These deals provide private equity firms an opportunity to profit before they even sell a company, an added bonus to the firms and their investors, including public pensioners.
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Students, pensioners and families with children filled Rome's Piazza San Giovanni on a sunny afternoon, some holding pictures of sardines on cardboard and chanting a popular resistance song.
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The government also plans to increase cash handouts to pensioners and exempt food from further increases in the sales tax, which will reduce money flowing into government coffers.
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ATHENS (Reuters) - Greek lawmakers on Wednesday approved tax breaks and bonuses for pensioners in the crisis-hit nation days before elections, rowing back some austerity mandated by international bailouts.
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Still, Gross said investors more or less just need to go with the flow, even as central bank policies penalize savers and pensioners who suffer under the low yields.
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The harsh move by the EU came after Tsipras announced last week that 617 million euro ($654) will be distributed to 1.6 million low-income pensioners as emergency support.
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Such schemes, which guarantee a fixed payment to pensioners, have been closed by many companies because of their cost but still have a collective deficit of 116 billion pounds.
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That rainy September election night in downtown Minsk, we milled around a broad plaza where a handful of college kids and pensioners had turned up for Goncharik's concession speech.
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Being generous to pensioners was affordable in 1980, when in the rich world there were only about 20 people of retirement age for every 100 people of working age.
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Low and falling housing costs disproportionately attract people on fixed government incomes, like pensioners, who tend to take more in government services than they add to the local economy.
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But at least the pain those pensioners will begin to suffer this week can teach us all a needed lesson in avoiding this kind of thing from happening again.
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Instead it will continue the giveaway only for households where at least one person is poor enough to receive pension top-ups, which covers about a fifth of pensioners.
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Within a square mile on the Thames, a multinational firm can sell $21980bn of shares in 265 minutes, or a European startup can raise seed finance from Asian pensioners.
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Political leaders have already made a rash of promises that economists warn could damage the country's fragile finances, including pledges of generous handouts for pensioners and large tax cuts.
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Ms Tsai and her Democratic Progressive Party want to reduce the 18% payout to 6% over six years, subject to a minimum payment to protect poorer pensioners from poverty.
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"Even in previous years, you've seen a slower degree of improvement for the pensioners, but you haven't seen a decline in life expectancy," Aon actuary Eric Keener told Bloomberg.
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Three in four said the policy helped heads of large businesses and fewer than one in three believed Macron's tax stance was favorable for low-income workers and pensioners.
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"To the people of Venezuela, especially pensioners, drivers, business people, housewives and workers ... I tell you that you don't need to worry," said Maduro in a communique on Tuesday.
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French President Emmanuel Macron last week announced tax cuts for pensioners and an increase in the minimum wage, in an effort to quell protests that continued over the weekend.
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"I always had an interest in care-giving and pensioners don't receive much in Japan so I'm really thankful that this opportunity existed here for me," Tasaka told CNN.
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This invites the potential for crony deals in which executives and labor representatives negotiate side deals that impede disciplining mechanisms for each group, at the shareholders and pensioners' expense.
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Ukraine, whose 12 million pensioners almost equal the number of people with jobs, spends more on pensions as a percentage of gross domestic product than almost any other country.
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And Mr Matjila has tried to reassure pensioners, pointing out that the PIC can only invest within mandates set by its clients, such as the Government Employees Pension Fund.
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ATHENS (Reuters) - Greek police on Monday fired teargas to control a demonstration of pensioners protesting over cutbacks to their benefits, part of an austerity drive dictated by international lenders.
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In many other countries, public pensions are financed by taxing current workers and giving the money to current pensioners—a system that comes under strain when the population ages.
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The overhaul aims to protect Greece's current pensioners, who have already endured 11 cuts to their pensions in the past five years as governments have struggled to avert bankruptcy.
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The idea is that if a private equity firm's efforts fail it shares in losses with the employees and other stakeholders (like pensioners) of the business they've taken over.
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The protests quickly snowballed into a broader movement against the high-cost of living, forcing President Emmanuel Macron to announce a series of measures for poor workers and pensioners.
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Raul Labrador, another Freedom Caucus member, said he could only support a bill that respects debt payment priorities written into Puerto Rico's constitution and doesn't prioritize payments to pensioners.
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Although 300,000 pensioners who make less than €1,200 a month will be exempted, many older voters are angry about those cuts and are taking to the streets in protest.
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The planned reduction came on top of a 10 billion-euro package of concessions to protesters in December aimed at boosting the income of the poorest workers and pensioners.
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"Leaving the EU without a deal would cause major inconvenience to millions of pensioners, travellers and drivers," said Hugh Savill, director of regulation at the Association of British Insurers.
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The city of Harbin, a provincial capital in northeastern China, ran out of money last month to pay pensioners, and had to rearrange its finances to pay them later.
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Selling discounted tobacco to employees and pensioners, without the increasingly stringent taxes imposed in surrounding Italy, has long been a source of revenue for the tiny Vatican City State.
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LMS has informally agreed a coalition with four other centre-left parties, the Social Democrats, the Party of Modern Centre, the Party of Alenka Bratusek and pensioners' party Desus.
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In recent decades, the walk-ups and other low-rise buildings have provided homes for newly minted college graduates, young families, older pensioners and strivers from the country's heartland.
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In recent decades, the walk-ups and other low-rise buildings have provided homes for newly minted college graduates, young families, older pensioners and strivers from the country's heartland.
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S. debt — about $22 trillion — now yielding less than zero, however, it's a risk that funds —especially those with obligations to insurance policyholders and pensioners — seem prepared to take.
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"We respect the rights of pensioners to do what they feel is necessary to secure recovery of their lost benefits," said Mary DeTurris Poust, a spokeswoman for the diocese.
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The Syriza administration introduced a bonus to pensioners and tax cuts last month, triggering some misgivings from lenders worried the country could slip up on its post-bailout commitments.
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Where it makes up a big share of total pension income, as in Italy, Portugal and Greece, a shrinking workforce will increasingly struggle to finance a bulging group of pensioners.
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The business was sold with a 571-million-pound ($748.58 million) hole in its pension fund, which if not rectified will leave 20,000 pensioners facing significant reductions to their income.
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Currently Ukraine, whose 12 million pensioners number almost as many as the working population, spends more on pensions as a percentage of gross domestic product than almost any other country.
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Defined benefit, or final salary, pension schemes pledge a fixed income to pensioners and then try to match that liability by buying safe-and-steady assets such as government bonds.
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President Emmanuel Macron on Monday announced wage rises for the poorest workers and tax cuts for pensioners, offering concessions after weeks of often violent protests that have challenged his authority.
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Macron this week made major concessions to try and quell the protests that have rocked France, announcing wage increases for the poorest workers and a tax cut for most pensioners.
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The royal allowances of 1,000 riyals a month ($266) are paid to civil servants and military personnel, and other allowances will continue for pensioners and those living on social security.
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Lenders have sought further reforms to pensions and tax credits, arguing that a present system is based on a relatively small number of taxpayers supporting a large contingent of pensioners.
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It was prompted by concerns the ECB's ultra-low interest rates are hurting Dutch savers, especially pensioners, and doubts as to whether its bond purchasing programs are legal, he said.
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Chanting "thieves" and carrying banners reading "we are hungry", the pensioners demanded that the government and Serbia's constitutional court annul austerity cuts imposed in 2014 and refund lost pension payouts.
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That is partly because fewer jobs and lower pay have kept contributions down, but with more people retiring and pensioners living longer, economic recovery will not easily reverse the trend.
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He added that the negotiations for the review are in the final stage and repeated that he is willing to increase contributions to the pension funds to save pensioners' income.
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When a firm with a salary-linked pension scheme goes to the wall without enough assets to carry on paying pensioners, the PPF steps in to bail the workers out.
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A 2250-unit housing project for pensioners, with 270% of flats set aside for the formerly homeless, was nixed after fierce opposition from locals in the prosperous Forest Hill neighbourhood.
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In May, Russian Prime Minister Dmitry Medvedev was filmed during a visit to Crimea being confronted by a woman who complained about low living standards for Crimea's half million pensioners.
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The government has already passed legislation to cut pensions next year - a deeply controversial measure in a country where high unemployment means that pensioners are occasionally the primary family earners.
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Australia's fourth-largest bank by assets said it will also drop dishonour fees from pensioners' accounts and behave as a model litigant in cases involving small businesses, among other changes.
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The business was sold with a 571-million-pound ($750 million) hole in its pension fund, which if not filled will leave 20,000 pensioners facing significant cuts to their income.
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Lenders have sought further reforms to pensions and tax credits, arguing that the present system is based on a relatively small number of taxpayers supporting a large contingent of pensioners.
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His LMS party has agreed a minority coalition with the Social Democrats, the Party of Modern Centre, the Party of ex-Prime Minister Alenka Bratusek SAB and pensioners' party Desus.
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The pensioners, some carrying placards reading "Stop the Robbery" and "Give Us back Our Dignity", called for a 10 percent rise in payments which have not been increased since 2014.
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Macron this week made major concessions to try and quell the protests that have rocked France, announcing wage increases for the poorest workers and a tax cut for most pensioners.
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|
There was noisy enthusiasm for the former president in the crowd—of a thousand or so white-haired pensioners, servicemen with buzz-cuts and proper-looking professionals, some with children.
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If the young cannot get a foot on the career ladder, it is hard to see how in time they will be able to support the swelling number of pensioners.
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"Steady to our commitment to support the weak, we decided to immediately distribute most of our outperformance in 2016 revenues to low income pensioners," Tsipras said in a televised statement.
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"We worked well together," she said, adding under the grand coalition, Germany enjoyed the strongest labor market for decades, a balanced budget and pensioners and families had benefited, she argued.
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In an influential study published in 1979 Peter Townsend, a sociologist, argued that pensioners were systematically ignored by politicians and the public, with "barbarous effects" on their standard of living.
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In 2017 MetLife disclosed two key financial reporting errors, including payments it failed to make to pensioners whom it could not locate after taking over their plans from private companies.
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This government has treated pensioners better than other benefit recipients, notably by maintaining the "triple lock" under which pensions rise by the bigger of wage rises, price inflation or 2.5%.
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If a basic income were ever implemented, it seems likely that some existing entitlements would be preserved (good luck to the politician who decides to renege on promises to pensioners).
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In the last few months, parts of Helsinki have been brought to a standstill by protesting farmers driving tractors, while thousands of pensioners and students have also taken to streets.
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The existing BHS pensioners will continue to be paid (with some limits on future increases) while workers who are yet to retire will get 90% of what they are expecting.
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When Dallas realized the fund hadn't been bringing in nearly the amount of returns as expected, pensioners began withdrawing money, putting the city in even more of a precarious position.
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Huang Cheng of Sanya University says one-third of the sun-seeking pensioners have a monthly income of 603,260-21.1,22 yuan ($305-460), about the average for a working person.
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LONDON (Reuters) - Britain's Queen Elizabeth attended the Maundy service on Thursday accompanied by her granddaughter Princess Eugenie, where the monarch distributed coins to pensioners, an ancient tradition ahead of Easter.
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With unemployment at just over 21 percent - double that when taking into account people under 25 - pensioners on a steady income have long been the key earners in Greek households.
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Bulgaria still has the lowest average pension in the EU at 190 euros ($221.46) a month and around a quarter of Bulgarian pensioners receive the minimum pension of 106 euros.
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The climate change resolution comes from New York Comptroller Thomas DiNapoli, who said shareholders — including pensioners in his state — need more information on climate change's impact on the oil industry.
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It recommended that the British government should tax pensioners more to fund the National Health Service (NHS) and address the imbalance of living standards between young people and older generations.
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"Once again I would like to apologise to the BHS pensioners for this last year of uncertainty, which was clearly never the intention when the business was sold," he said.
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Compass, which provides meals for office workers, pensioners, soldiers and school children around the world, lost long-time chief executive Richard Cousins in a seaplane crash on New Year's Eve.
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Acting on a programme agreed between Merkel's conservatives and their Social Democrat coalition partners after an election two years ago, the government has increased allowances for families, students and pensioners.
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Guedes said the government was preparing measures including deferring taxes on small and mid-size companies, allowing Brazilians to withdraw from worker severance funds and paying early bonuses to pensioners.
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The demonstrations in Tahrir Square in Baghdad were on behalf of civil servants and pensioners, and against growing economic inequality and the lack of essentials like electricity and health care.
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Many of the twins - including children, pensioners and police officers - had traveled for hours to attend the event, which had Sri Lanka's prime minister, Mahinda Rajapaksa, as guest of honor.
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To propagandists in Beijing, no free will has been marshalling those students and pensioners, doctors in hospital scrubs and black-suited lawyers, off-duty civil servants and parents with pushchairs.
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Demand-driven pressures are likely to be stoked by a hike of salaries and pensions for about 10 million government employees and pensioners that took retroactive effect on Jan. 1.
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The European Stability Mechanism said it had suspended the measures designed to cut Greece's public debt after the government proposed to make a one-off payout to pensioners in December.
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Greek television broadcast images of bemused pensioners, many of whom lived through the Nazi occupation of Greece, sitting on plastic chairs and drinking bottled water provided by the local government.
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The nomination comes a day after the SDS agreed a majority coalition with the center-left Party of Modern Centre (SMC), the conservative New Slovenia and the pensioners' party Desus.
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Such conservatives have complained loudly in recent weeks that the ECB's ultra-low rates are creating a "gaping hole" in savers' finances and pensioners' retirement plans as returns have dropped.
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After the spike in violence, Macron offered a package of concessions worth more than 10 billion euros ($11 billion) aimed at boosting the incomes of the poorest workers and pensioners.
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"The fund's shares were sold very cheap, and we want to know why, because thousands of pensioners lost money," Donda told Reuters in Brasilia, where she traveled to attend Wednesday's hearing.
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In an administrative complaint, Galvin's office accused MetLife of making misleading statements to investors regarding the sufficiency of the reserves it was required to maintain to meet its obligations to pensioners.
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After the spike in violence, Macron offered a package of concessions worth more than 10 billion euros ($11 billion) aimed at boosting the incomes of the poorest workers and most pensioners.
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For the next 20 years those baby-boomers will be swelling the ranks of pensioners, which will lead to a rapid drop in the working population all over the rich world.
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Participation in the strike, organized by Greece's largest private sector labor union GSEE and its public sector counterpart ADEDY, which together represent about 2 million workers and pensioners, will be crucial.
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Pensioners and civil servants invaded the legislature of the state of Rio de Janeiro in Brazil to protest against plans to raise taxes and transport fares and to cut social spending.
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The tax cut comes on top of a 10 billion-euro package of concessions to protesters in December, which was aimed at boosting the income of the poorest workers and pensioners.
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The Pension Protection Fund is in talks with Philip Green and British Home Stores that could see the agency take on responsibility for 20,000 pensioners of the lossmaking department store chain.
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"Pensioners are impoverished, and not only can they not afford to buy medicines, some are looking for food in the trash," he said, leaning on a tree to catch his breath.
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Political ads can be targeted with high precision using the personal data held by social networks, allowing canvassers to pick and choose whom they talk to: parents, pensioners or Economist readers.
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The PBGC is arguing that as part of Lampert's deal to buy Sears, Lampert will get back full access to Kenmore and Diehard, leaving it and its 90,3003 pensioners empty-handed.
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German conservative politicians have complained loudly in recent weeks that the ECB's ultra-low rates are creating a "gaping hole" in savers' finances and pensioners' retirement plans as returns have dropped.
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In particular, complaints of nonrestorative sleep and waking up too early in the morning decreased significantly, especially among pensioners who had poor health and stressful work lives before retirement, researchers found.
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Thousands of pensioners will not get paid this month because the state is bankrupt "and on the verge of social collapse," state official Leonardo Espindola told Rio's O Globo this week.
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In five of six recent public bankruptcies in which the debtor defaulted on bonds, pensioners walked away with full recovery, while bondholders took haircuts, according to data from Moody's Investors Service.
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Critics point out the stock markets soaring more than 160% during this period, which helped the rich, but did little for middle America or pensioners relying on fixed interest for investments.
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Last month, protests forced the Krasnodar region to roll back cuts in travel benefits for pensioners, and in Moscow foreign-currency loan holders have stormed bank branches demanding refinancing in roubles.
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Hundreds of people, mostly pensioners, queued for cash outside one bank in central Harare on Tuesday and were issued 150 Zimbabwe dollars ($10) of the new 2-dollar bills and coins.
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Hundreds of people, mostly pensioners, queued for cash outside one bank in central Harare on Tuesday and were issued 150 Zimbabwe dollars ($10) of the new 2-dollar bills and coins.
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On the Costa Blanca many British pensioners take up work, some informally, after finding that their savings do not go as far as expected, says Andy Ormiston, a local Scottish resident.
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They must invest conservatively—usually in government bonds—and if they can only receive a return of 1-2% on these investments the retirement income that pensioners rely on won't exist.
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State employees, pensioners and residents of rural areas, all of whom depend heavily on the government, tend to vote for Mr. Putin out of a combination of enthusiasm, habit and blackmail.
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Among the reforms is an increase in income tax for high earners, reduction of the national monthly pension to €23.5, and the phasing out of a benefit received by poor pensioners.
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Among the reforms is an increase in income tax for high earners, reduction of the national monthly pension to €384, and the phasing out of a benefit received by poor pensioners.
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Healthcare systems across much of the developed world have come under increasing stress in recent years as treatment costs soar and people live longer, meaning fewer workers are supporting more pensioners.
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The plan would also ask the oversight board to protect the interests of Puerto Rico pensioners who rely on a system that is now under funded by at least $40 billion.
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German Finance Minister Wolfgang Schaeuble told Reuters on Tuesday the ECB's record low rates were causing "extraordinary problems" for German banks and pensioners and risked undermining voter support for European integration.
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Third, a more creative approach is needed to the range of assets that pensioners can draw on, including their homes, which have so far played little part in provision for old age.
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Iraq will also have to take measures to alleviate a massive wage bill for more than 3.5 million civil servants and six million pensioners and find new sources of taxation and revenue.
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That means most French workers saw a small increase in their net salary on they January payslip, while a majority of pensioners have instead noticed a drop in their monthly pension payment.
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Introduces unified retirement rules and a national pension at 384 euros, cuts supplementary pensions, plans to gradually phase out a top-up stipend for pensioners now on lower incomes and recalculate pensions.
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Recipients, with the exception of pensioners, must do eight hours of community work per week, prove they are looking for work, and accept one of the first three job offers they receive.
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On Tuesday, German Finance Minister Wolfgang Schaeuble told Reuters that the ECB's record low rates are causing "extraordinary problems" for German banks and pensioners and risk undermining voters' support for European integration.
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By evening, the country's internationally recognized government ordered a temporary halt on imports of luxury goods like automobiles and a 30 percent salary increase for public-sector employees, including pensioners and contractors.
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BELGRADE (Reuters) - Hundreds of Serbian pensioners rallied in Belgrade on Thursday to protest austerity measures introduced as part of a 22.3 billion euro ($23.0 billion) loan deal with the International Monetary Fund.
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In a different Brazil, politics would seek to reconcile the claims of bondholders (who are almost all Brazilian savers; see chart), pensioners, well-paid government workers and the rest of the country.
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Augustow, a faded town in the north-east, is full of "pensioners and [people on] benefits", says 43-year-old Agnieszka Witkowska, who lives in Germany but occasionally returns to her hometown.
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Mr Corbyn promised pensioners they would keep their winter fuel allowance and free bus passes, and that he would maintain the "triple lock" which keeps pensions ticking upwards at a generous rate.
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He announced a minimum wage increase of 100 euros and tax cuts on overtime and for low-income pensioners, but nonetheless refused to reinstate the wealth tax, one of the movement's demands.
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France taxes some pensions taken as a lump sum at 7.5%; with judicious use of private health insurance, pensioners can also avoid paying the social charges of 9.1% normally levied on pensions.
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Greece's leftist Syriza administration introduced a bonus to pensioners and tax cuts last month, days before European Parliament elections which the party went on to lose to the conservative opposition New Democracy.
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But even if Brexit reflects Britain's carefree pensioners—and some evidence suggests that despite being older, Brexit voters were stroppier than average—there is little sign of such an age effect elsewhere.
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The ECB has faced intense criticism from German politicians, who have complained that ultra-low rates are creating a "gaping hole" in savers' finances and pensioners' retirement plans as returns have dropped.
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The Duke of Sussex, who welcomed son Archie Harrison with Meghan Markle last month, then reviewed the Chelsea Pensioners, who stood in four companies in the Royal Hospital's central courtyard for inspection.
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When Australia introduced a version of a carbon tax in 2012, more than half of the money ended up being given back to pensioners and poorer households to help with energy costs.
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An institutional investor, like a large pension or endowment plan, is aiming for a certain and consistent risk-adjusted return in order to pay out pensioners a promised amount over their lifetimes.
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JRP, formed through the combination of two rival firms last year, specialises in annuities - the payment of a fixed income for life - for pensioners with medical conditions that cut their life expectancy.
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The government also included an immediate one-off rebate on energy costs to pensioners, another key voter demographic for the coalition, of A$75 for an individual or A$213 for couples.
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The government also included an immediate one-off rebate on energy costs to pensioners, another key voter demographic for the coalition, of A$75 for an individual or A$125 for couples.
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Those who stayed tended either to depend on the state—as students, public employees, pensioners or recipients of federal largesse—or to fall into the sprawling underground economy and bustling drug trade.
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MOSCOW, Aug 23 (Reuters) - Russia's central bank said on Tuesday a government decision to make a one-off payment to pensioners early next year was no reason to change its inflation forecast.
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Since Labatt opened its Edmonton brewery in 1962, the company has maintained a policy of giving pensioners a gift card good for a case of 12 Labatts each week until they die.
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And if it's therefore the most-played video game on mobile, and introduces gaming to kids and pensioners alike, it would be an injustice to proclaim it anything other than the best.
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Most members of the new assembly are to be elected in open municipal votes, while others will be elected by members of certain social and industry groups (like students, pensioners or workers).
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Ukrainians bore the brunt of thwarting Putin's ambitions in terms of some 22019,000 soldiers killed, 13,000 other fatalities, millions displaced and occupied eastern Ukraine reduced to ruins populated by pensioners and children.
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In weak autumn sun and a city teeming with tourists, pensioners took to the streets angered by more than a dozen rounds of cuts since Greece toppled deep into crisis in 2010.
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Hollande's barrage came as Macron approaches his first anniversary in power defending reforms to reshape the French economy that have fueled mounting discontent among rail workers, students, public sector employees and pensioners.
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When he refused to pay kickbacks demanded by health services officials, the state institute for pensioners refused to pay what it owed him for operations, leaving him at the brink of bankruptcy.
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"Any resolution ... must ensure that it avoids setting a potentially dangerous precedent for the millions of other occupational pensioners who currently enjoy RPI indexation rights," Labour business spokeswoman Angela Eagle told parliament.
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The official said the planned handout would not be distributed to low-income pensioners, as last year when Tsipras unexpectedly announced a one-off Christmas bonus to retirees, angering the country's lenders.
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The Duke of Sussex, who welcomed son Archie Harrison with Meghan Markle last month, then reviewed the Chelsea Pensioners, who stood in four companies in the Royal Hospital's central courtyard for inspection.
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An economy that has shrunk by 25 percent, a large number of pensioners and unemployed, and a declining population suggest that the country would not survive outside of a larger economic unit.
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"The government, which implements the same policies that have destroyed the people and the economy, is loading the back of workers and pensioners with new unbearable measures," GSEE said in a statement.
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Analysts have said that this year's one-off bonus for pensioners, which was offered ahead of the elections to the European Parliament, cost the Polish state almost 11 billion zloty ($2.8 billion).
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The nearby branch of the Swedish National Pensioners Organization has led protests against the experiment, in part, because many retirees like to go to the Gavle Ikea for a bite to eat.
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An institutional investor, like a large pension or endowment plan, is aiming for a certain and consistent risk-adjusted return in order to pay out pensioners a promised amount over their lifetime.
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Poland's ruling party Law and Justice (PiS) leader Jaroslaw Kaczynski was quoted as saying by Super Express tabloid that his party was working on a financial support for 9 million of pensioners.
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They also plan to pay pensioners an additional month's state pension, covering the 250 billion forint annual cost from a budget that Botka said was a victim of "staggering waste and corruption".
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On a wind-swept morning in Valletta last week, as I was waiting for the court to begin its daily session, British pensioners disgorge from cruise liners and ambled down Republic Street.
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"The proposal...is a clear example of what Melrose does which is good for pensioners and shareholders alike and shows we are a good custodian for all stakeholders," Melrose said in its statement.
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A study by a government think-tank estimates that without changes, the number of pensioners would grow from 40m today to 42.5m in 2035, exceeding the number of workers paying into the system.
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Tokyo (CNN)Japanese pensioners aren't in a rush to dump their driving licenses, but one police department is hoping to entice them to retire from the roads with a novel incentive -- discount funerals.
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One paper suggests that welfare changes in 2000-15 boosted the incomes of twentysomethings by 2%, more than almost any other age group (including pensioners, who profited from an increasingly generous state pension).
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He told lawmakers the plan would offer BHS pensioners a "better outcome" than compensation available from the Pension Protection Fund, the levy-funded UK lifeboat scheme that helps finance pensions after company insolvencies.
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A hefty hike in wages for nearly 10 million federal government employees and pensioners is widely expected to fuel spending, countering some of the caution among urban consumers caused by low wage growth.
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As a whole, China has too few young adults relative to the size of older generations, meaning it will not have enough workers to support its pensioners (or children) properly in the future.
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"Pre-emption rights are a vital shareholder protection and their misuse poses a serious threat to shareholder and investors' interests - the UK's pensioners and savers," an Investment Association spokesperson said in a statement.
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Orban's rightwing nationalist Fidesz is seeking a third consecutive term in parliamentary elections, campaigning with a fierce anti-immigrant message, coupled with increased spending on wage rises and promising more money to pensioners.
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The minimum income - a 780 euro ($920) monthly payout to those who qualify - would start being disbursed in mid-March while low-income pensioners would see a boost from January, Di Maio said.
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ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras on Tuesday announced tax cuts and pledged to reinstate a benefit for low income pensioners among other "relief measures", weeks before municipal and European Parliament elections.
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A source tells PEOPLE that Princess Charlene loved this year's image so much she had prints framed, distributing them personally as gifts during a visit to a Monaco pensioners community two weeks ago.
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Protesters also want to derail Macron's plans to raise a special tax used to finance welfare which hits pensioners particularly hard, overhaul unemployment insurance and shake up the highly indebted state railway company.
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BRUSSELS/ATHENS (Reuters) - Greece snubbed its international lenders and legislated plans on Thursday to give pensioners a one-off Christmas bonus despite misgivings from creditors in a standoff over the country's third bailout.
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"Persistently low unemployment and the impact of promised minimum and civil servant wage hikes and retired pensioners' increased stipends are like to support a private consumption recovery," Moody's analysts said, referring to 2018.
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Canada's federal government and provinces agreed in principle on Monday to support a compromise plan to expand the national pension plan, with premiums raised moderately over time to provide greater payouts for pensioners.
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Senator Rob Portman, Republican of Ohio, who is up for re-election, has spoken out in support of the pensioners and introduced legislation that would change the voting process on any required cuts.
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BERLIN (Reuters) - The European Central Bank's record low interest rates are causing "extraordinary problems" for German banks and pensioners and risk undermining voters' support for European integration, Finance Minister Wolfgang Schaeuble told Reuters.
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Blackstone's portfolio of companies has more than 490,000 people on the payroll globally and manages money belonging to tens of millions of pensioners as well as sovereign wealth funds, according to Blackstone data.
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While their spouses faced more contentious and high-stakes discussions, Trump and May displayed a warm rapport, touring a chapel on the grounds and crafting remembrance poppy pins with the students and Pensioners.
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LONDON (Reuters) - British pensioners have unlocked more than 6 billion pounds ($7.89 bln) of cash from their retirement savings since landmark pension freedoms were introduced 15 months ago, the Treasury said on Thursday.
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So if divestment carries significant costs for endowments, and a majority of pensioners oppose it, why did places like UMass and the Washington, D.C. Retirement Board give up their holdings in fossil fuels?
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Democrats say the creation of a joint select committee to address what they call the multiemployer pension crisis will help millions of pensioners, including miners who are faced with cuts to their benefits.
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Fears that banks could also face strikes, a week before many pensioners go to pick up monthly pensions, were averted by an accord to boost protection for staff in the branches still open.
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But for Kolkman and other pensioners, cuts estimated at up to 8% next year make no sense, given assets in Dutch pension funds have doubled since 2008 to more than 1.5 trillion euros.
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"Our proposals had unprecedented levels of support from our landlords and today's outcome is good news for our 25,000 employees, our pensioners and suppliers," Chief Executive Officer Stefaan Vansteenkiste said in an email.
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This "super" control board would have the authority to restructure debts under the territories clause and may also have the power to reorder Puerto Rico's hierarchy of payments in favor of government pensioners.
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KUALA LUMPUR (Thomson Reuters Foundation) - A "living library" project in Malaysia's capital is lending out older people's knowledge to the young, to improve the lives of pensioners and bridge Kuala Lumpur's generation gap.
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When asked whether the government needs to compile another stimulus package, Ishihara said he wants to focus on implementing stimulus measures that were passed into law last month, which include cash handouts to pensioners.
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Whereas overall divorce rates are falling in some countries, including America, Australia and Britain, "silver splits" are soaring as new pensioners suddenly face the prospect of spending a lot more time with their partner.
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Then there will be lawsuits — lots of lawsuits — in which various creditors try to force Puerto Rico to pay them ahead of paying Puerto Rico's civil servants, pensioners, social assistance recipients, and other creditors.
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When asked if he's concerned that pensioners will consequently lose out on participating in new funds from existing managers like New Enterprise Associates and HgCapital, Folwell said that he hadn't heard of either firm.
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But with tentative signs of social discontent bubbling up — foreign currency mortgages holders, truckers and pensioners have all protested in recent months — a headline-grabbing Russia-assisted victory in Syria could cheer downcast voters.
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Pensioners earning less than 2,23 euros per month will see this year's increase in social security taxes scrapped, Macron said, going back on a measure that had particularly hurt his popularity with older voters.
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In his response on Monday, Macron insisted that the subsidies for the poorest workers and tax cuts for pensioners were not a U-turn but an acceleration of his pledge to "make work pay".
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A number of other countries are gradually reducing the replacement rate of their pensions, particularly for the better-off, though most of them have been careful not to squeeze the poorest pensioners too hard.
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Only 2400 percent of all social spending goes to the under-7803s, while 2780 percent goes to those aged over 25, which is why pensioners often play such a vital role in family finances.
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Last month, Macron promised tax cuts for pensioners, wage rises for the poorest workers and the scrapping of planned fuel tax increases, at a cost to the Treasury of 10 billion euros ($11 billion).
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The Communist Party, the second-largest official party, has long been fully integrated into the Kremlin's political system, and appeals mainly to pensioners nostalgic for the Soviet Union rather than campaigning for social justice.
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Hikes on tobacco tax, closing tax loopholes for wealthy pensioners and limiting corporate tax havens are among the cash-raising measures the conservative leader has left open to possibility, according to local media reports.
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Faced with a deteriorating ratio of workers to pensioners, governments have to do unpopular things like making pensions less generous, as Japan has done, or accepting more immigrants, as some Western countries have done.
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In a televised address on Monday, Macron announced wage rises for the poorest workers and tax cuts for pensioners in further concessions meant to end the movement, but many said they would maintain pressure.
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Caravanning remains a passion of the middle-aged and pensioners; one reason for the recent surge in sales was a change in rules in 2015 that allowed over-55s to cash in their pensions.
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Greece's largest labor union, the private sector GSEE, said the reforms going before parliament were the "last nail in the coffin" for workers and pensioners who had sacrificed enough after six years of austerity.
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This marked a shift for Saga, whose travel business has been supported by spending from affluent pensioners, protecting it from a consumer spending hit since Britain voted to leave the EU in June 2016.
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ROME (Reuters) - Italy needs more migrant workers to help pay for the nation's growing army of pensioners, the head of state pensions agency INPS said on Tuesday, openly criticizing the government's anti-immigration agenda.
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Struggling to pay their pensioners and employees, many governors have accused Temer of trying to impose harsh measures in exchange for revenues from an asset repatriation amnesty that they argue states are entitled to.
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And in Britain cruise-passenger numbers have been falling since 2013 because newly retired people, staple customers, have less disposable income than the previous generation of pensioners, who are now too old to travel.
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The regulator has to balance the interest of the pensioners (demanding more money upfront) against the risk that demands for contributions might send a firm to the wall, with taxpayers perhaps the ultimate guarantor.
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His testimony comes at a time when relations between the BOE and the government appear tense after Prime Minister Theresa May warned that quantitative easing was having an adverse effect on savers and pensioners.
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Petros and Funcef, along with pension funds at Banco do Brasil and postal service Correios, are part of the investigation into losses incurred by pensioners as a result of alleged reckless or fraudulent investments.
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"The asylum seekers, I don't want to criticize them, but they get so much money while we pensioners have to be so careful with our finances just to get through the month," he said.
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France's President Emmanuel Macron on Monday announced wage rises for the poorest workers and tax cuts for pensioners in further concessions meant to defuse weeks of often violent protests that have challenged his authority.
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Throughout the talks, liberal Democrats had voiced strong concerns surrounding numerous issues, including efforts to lower Puerto Rico's minimum wage, prioritize bondholders over pensioners and create an oversight board they feared was too powerful.
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President Emmanuel Macron has announced a raft of measures costing the state budget some 10 billion euros ($11.4 billion) to appease the yellow vests, boosting the minimum wage and easing tax increases on pensioners.
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Often people just need the confidence that they really can afford to spend a little more on themselves At the same time many pensioners spend less than they can afford, which creates its own problems.
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"Spain, however, may be glad to stem the flow of British pensioners to the economy, whilst Germany may be glad to see greater immigration from Eastern Europe and to repatriate some of its own workforce."
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Mr Lew said that Treasury had not yet seen the latest revisions and refused to address if he would support a veto of the bill if it didn't include some level of protection for pensioners.
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At over a dozen Trump rallies, in almost as many states, over the past year, your correspondent has met lawyers, estate agents and a horde of middle-class pensioners—and relatively few blue-collar workers.
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With Europe's population aging rapidly, the labor force could shrink in the coming decades, placing a growing burden on government finances as the ratio of pensioners to active workers is already at a record high.
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The finance ministry agreed on Tuesday that making a secondary market for annuities would pose risks to pensioners, and added that it was clear there would not be enough purchasers to create a competitive market.
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His proposal, which requires amendments to the constitution, would establish a minimum retirement age of 65 for men and 62 for women and would limit the scope for pensioners to collect more than one benefit.
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Last year the Tories' election manifesto promised to make asset-rich pensioners pay more towards the cost of their care in later life, by including the value of their homes in assessments of their means.
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Finance Minister Wolfgang Schaeuble said the ECB's policy put Germany at a disadvantage to other euro zone countries and Economy Minister Sigmar Gabriel said its ultra-low interest rates were making workers and pensioners poorer.
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The lawmakers said Green, Chappell, company directors and assorted advisers all got richer or rich from the part they played in the failure of BHS, with the only losers being the ordinary employees and pensioners.
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As a political counterweight to the growing Hispanic population, the influx of white pensioners, who are likelier to vote Republican and to vote at all, largely explains why Florida's Republican past is proving so unyielding.
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Pensioners have no flexibility According to a Bureau of Labor Statistics report from 2900, the average household income of someone older than age 220006 is $2202,2628 and their average expenses exceed that slightly, at $28500,6900.
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BRASILIA (Reuters) - Brazil's government will start to reclaim payments inappropriately made to deceased pensioners and public servants as part of efforts to meet this year's budget target, according to a provisional decree published on Tuesday.
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Puerto Rico's "unusual circumstances mean that it will not conform exactly" to recent public bankruptcies, in which "judges reduced creditor claims far more than amounts owed to pensioners," Moody's Investors Service wrote earlier this month.
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Loath to hurt 2.7 million pensioners whose monthly stipend has been cut 11 times in the past five years, Tsipras has opted to increase social security contributions paid by employers, farmers and self-employed professionals.
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Greece has long struggled with the widespread practice of tax evasion, which ends up putting a disproportionate amount of the tax burden on those who cannot conceal their true incomes — mostly salaried earners and pensioners.
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But jaded by those sacrifices and almost a dozen pension cuts which has pushed almost half of the country's elderly into poverty, about 5,000 pensioners marched peacefully through the streets of Athens on Thursday night.
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