BULGARIA - Bulgaria has raised obligatory contributions paid by employers and workers to the state pension fund by 1.8 percentage points to cover the widening budget deficit.
The spending review settlement with the Department of Work and Pensions will fund the introduction of auto-enrolment from 2012 and the establishment of the National Employment Savings Trust, the government has announced.
Equitable Life victims will get about £1.5bn in compensation, the government has confirmed.
The Comprehensive Spending Review is necessary to bring the UK economy "back from the brink", says Chancellor George Osborne.
"Never again" will state pension only increase by 75p
Public sector workers will see scheme contributions increase by an average of three percentage points under Spending Review proposals to be phased in from April 2012.
UK - The state pension age will reach 66 by 2020, as part of the Spending Review.
The state pension age will reach 66 by 2020, as part of the Spending Review.
Chancellor George Osborne is unveiling a range of cuts to government spending, aimed at bringing the UK's burgeoning deficit under control. Here are the key points live...
US - The maximum pay-out offered by the Pension Benefit Guaranty Corporate will remain unchanged for the third year in a row at $54,000 in 2011.