Workers Archives - DR News - News, Retirement, Finance

Migrant Workers Struggle to Afford Retirement in Ageing China

Beijing, China – The rapidly aging population in China has presented a pressing issue – millions of migrant workers are unable to afford retirement. As the country continues to grow older, the economic challenges faced by this vulnerable group are becoming more pronounced. For many migrant workers in China, retirement remains a distant dream due to financial constraints. Without adequate savings or pension plans, they are forced to continue working well into their old age …

Key Bridge Collapse Recovery Effort Officially Ends: Last Worker’s Body Found

Baltimore, Maryland – The recovery efforts at the Key Bridge wreckage site concluded with the retrieval of the body of the sixth and final construction worker involved in the tragic March 26 bridge collapse. The last victim, Jose Mynor Lopez, 37, a Baltimore resident originally from Guatemala, was identified, marking the end of a weeks-long operation to locate and retrieve all the workers. Lopez, who resided in Dundalk with his wife, was remembered by his …

Expatriate Workers Win Landmark Case Against EPF Contribution Requirements

Bengaluru, Karnataka – The Karnataka High Court recently made a significant ruling regarding the inclusion of international workers in the employees’ provident fund and pension scheme. This decision, deemed “unconstitutional and arbitrary” by the court, is expected to have legal implications and affect the status of many expatriates who are part of or have contributed to the social security scheme. The petitioners, representing various sectors such as education, logistics, real estate, and technology, argued that …

Pro-Life Healthcare Workers Rally for Pro-Family Policies Amid Growing Support

WASHINGTON, D.C. – Since the monumental Roe v. Wade decision was overturned, pro-life advocates have had to regroup and redirect their efforts to combat abortion on other fronts. This shift in approach was evident as thousands gathered on the National Mall for the March for Life, seeking to expand their cause beyond legal battles and into policies aimed at supporting mothers and families. In the wake of the Dobbs v. Jackson Supreme Court decision, the …

Retirement Changes for Public Workers Spark Potential Fiscal Strain

Albany, New York – Lawmakers in New York made significant changes in the state’s retirement system, targeting public workers hired after 2011 in an effort to boost benefits and attract and retain employees. The adjustments to Tier 6 of the state retirement system have been praised by public employee unions as a long-overdue step toward fairness and retaining valuable workers. However, fiscal government watchdog groups caution that these changes could result in increased costs for …

Salaries Soar: Kogi State Workers Euphoric Over 85% Payment Boost

Lokoja, Kogi State – Workers in Kogi State expressed jubilation as the state government initiated the payment of 85 percent of their salaries, marking a significant improvement in their financial situation. Local government pensioners were equally pleased as they received 100 percent of their payments, a welcome change after 16 years of waiting. The increase in payment is believed to be linked to the recent boost in allocation from the federation account. The initiative to …

Retirement Reality Check: Majority of American Workers Leave the Workforce Earlier than Expected, New Study Finds

Have you ever wondered about the retirement age expectations of American workers in Los Angeles, California? Many believe they will retire at the traditional age of 65. However, new research reveals a different reality, with the majority actually stepping back from work sooner than anticipated, often not by choice. According to recent findings from the Employee Benefit Research Institute, the median retirement age for Americans is 62, indicating that the typical worker is retiring three …

ASEAN Introduces Regional Guidelines for Migrant Workers’ Social Security Benefits

Bangkok, Thailand – The Association of Southeast Asian Nations (ASEAN) has established regional guidelines on the portability of social security benefits for migrant workers, a crucial step towards addressing the rights and welfare of migrant workers in the region. The new guidelines, developed through collaboration with the International Labour Organization (ILO), aim to ensure that migrant workers can continue to access social security benefits when moving within the ASEAN region. This is a significant achievement …

Retirement Security Rule Protects Workers’ Savings, Biden Administration Announces

Washington, D.C. – The Biden-Harris administration has recently announced significant changes to the Retirement Security Rule to protect the interests of millions of workers diligently saving for retirement. The U.S. Department of Labor finalized the rule with updates to the definition of an investment advice fiduciary, underlining the importance of providing reliable and honest guidance to retirement savers. Under the new rule, trusted investment advice providers are required to offer prudent and loyal recommendations, free …

Social Security Payment Boost for Retired Workers Born 21st-31st: Over $3,000 Coming in Two Days

Los Angeles, CA – Retired individuals born between the 21st and 31st of the month are set to receive a boost in their Social Security payments, with over $3,000 scheduled to be disbursed in just two days. Following this payment, the next round of payments for retirees is slated for May 3rd for seniors who began claiming benefits before May 1997. Further payments are expected to be issued on the second, third, and fourth Wednesdays …