Legislation

POLAND - Polish lawmakers have begun debating pension changes proposed by the government that are opposed by almost half of the country's voters before elections expected within seven months.

US - The California Public Employees' Retirement System (CalPERS) has endorsed proposals to prohibit Board members and officers from accepting employment with business partners after leaving the fund.

UK - The Organisation for Economic Co-operation and Development (OECD) today recommends the UK government further increases the state pension age (SPA) to combat rising costs.

A ruling that trustees have relied on to unwind decisions without formal rectification since 1975 has been swept away by the Court of Appeal.

There were clashes over the switch to the consumer price index as the Pensions Bill was debated in the Lords yesterday.

SLOVENIA - The Constitutional Court has ruled that a referendum on pension changes approved by Parliament can take place, a move that will delay public spending cuts and may prompt a rating downgrade.

UK - The switch from RPI to CPI for pension indexation moved one step further in the legislative process yesterday after it was approved in the House of Lords.

The switch from RPI to CPI for pension indexation moved one step further in the legislative process yesterday after it was approved in the House of Lords.

Hutton recommendations will not necessarily reduce the level of income in retirement for the majority of members, actuaries say.

Jonathan Stapleton explains why both the government and unions will have to give ground on Hutton