Tokyo, Japan | Xinhua | The retirement age for national and local civil workers in Japan was raised Saturday from the current 60 to 61 as the new fiscal year begins. The move came as part of the country’s initiatives to alleviate workforce shortages partly reflecting the nation’s shrinking population. For …
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Paris, France | Xinhua | Over 1 million people in France joined nationwide protests on Thursday, rejecting the government’s proposed pension reform bill that would raise the retirement age from 62 to 64, French ministry of the interior said on Thursday evening. However, France’s largest union, the General Confederation of …
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London, UK | Xinhua | Gareth Bale announced his retirement from football on Monday after a 17-year career as one of Britain’s most decorated players. The 33-year-old Welsh star made the announcement on social media, weeks after he played his last competitive game at the FIFA World Cup in Qatar, where …
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“Not everyone who retires has difficulties with the transition, but those that have not planned are at a greater risk of mental and physical health problems” COMMENT | Lydia Mirembe | “It would be quite disheartening for an employer to find their retired employee living in despicable conditions. Every employer should …
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COMMENT | Lydia Mirembe | There was a time when the retirement benefits sector in Uganda was defined by gross mismanagement, lack of transparency and accountability, outright corruption and brazen embezzlement of savers’ money. The establishment of a Sector Regulator since 2011, has provided a foundation for continued improvement in scheme …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni, the Commander In Chief of the armed forces has retired 48 generals of the Uganda People’s Defense Forces at a ceremony held at State House Entebbe, Wednesday. General Elly Tumwine, who died last week and was buried on Tuesday was supposed to …
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All retirement benefits schemes are required to have an investment policy statement, also known as the Investment Strategy, which clearly stipulates how they intend to invest members’ savings. COMMENT | Lydia Mirembe | “Advise people to learn how to grow their asset column and…accumulate their wealth rather than saving without investing.” …
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Kampala, Uganda | THE INDEPENDENT | ICEA LION Life Assurance Company (U) Ltd has announced the introduction of the ICEA Annuity Plan for retirees and those nearing retirement. The ICEA Annuity plan guarantees the holder a regular stream of income for life after retirement. The ICEA Annuity plan allows the holder …
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Kampala, Uganda | THE INDEPENDENT | Gen David Sejusa and former Inspector General of Police, Gen Edward Kale Kayihura may have to wait a little bit longer after their retirement was pushed to next month. In April, it was reported that the Uganda People’s Defence Forces (UPDF) High Command and Army …
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COMMENT | MATIA KASAIJA | It is ten years since the enactment of the Uganda Retirement Benefits Regulatory Authority (UBRBA) Act, 2011. It has been a decade of transformation for the retirement benefits sector. If anything, the last ten years have demonstrated the relevance and significance of a regulator for …
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