Newsletter

Will it be implemented before the month of Ramadan? The pension increase date is 2024

Today, President Abdel Fattah El-Sisi directed to increase pensions by 15% for 13 million citizens, at a total cost of 74 billion pounds, which prompted many pensioners and beneficiaries to wonder when the new pension increase will be implemented, and whether it will be before Ramadan or not. Pension increase date 2024: Will it be […]

Pension reform will cost another 430 thousand million pesos

Seeking a pension to reach a level equivalent to 100% of the retiree’s last salary is very expensive fiscally, according to Sergio Kurczyn, director of Economic Studies at Citibanamex. The additional fiscal cost could represent 430 billion pesos in 2025, 1.3% of GDP, and would increase rapidly towards 2.0% of GDP in less than ten […]

When will pensions be paid in January 2024

Magda Dragu (gds.ro) The Ministry of Labor presents on Wednesday the calendar for the payment of pensions in January 2024, showing that the distribution of pensions on the ground, at the residence of the beneficiaries, will be carried out starting on January 5, 2024. Card payment of pensions will be made between January 11-12. “The […]

would close the year with mixed results

Market volatility is the main factor that impacted the performance recorded by AFP multi-funds in 2023. Positive results in international markets and the local stock marketadded to a rise in the price of the dollar, were the main causes of the good performance of the multi-pension funds in December. According to Ciedess, so far this […]

Who will improve? Who gets almost 15%?

In July of this year, all seniors who receive old-age, premature, disability or survivor’s pension received the so-called premature valuation of pensions. All pensions increased by 10.6 percent. But what does that mean? Simply that they will get added less in January. The Statistical Office published information that inflation for pensioners’ households was 12.5 percent […]