Global News Briefs - Towers Watson - Willis Towers Watson

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Updates on timely compensation and benefit issues around the world; delivers news as changes occur and aggregates the updates in a monthly newsletter
Audience: Benefit, compensation, retirement and reward professionals

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- Germany: New demographic tables increase pension liabilities
  August 9, 2018
  
  In the new demographic tables Heubeck 2018 G, German mortality rates are much lower, potentially increasing pension liabilities.
- Hungary: Tax bill would reduce tax allure of flexible benefits
  July 30, 2018
  
  A tax reform bill in Hungary would eliminate personal income tax breaks starting in January 2019 for many benefits included in employers’ flexible benefit plans.
- Japan: Changes to working hour limits approved
  July 26, 2018
  
  Japan’s Diet recently passed the “Work Style Reform Bill,” most significantly limiting the amount of overtime employees are able to perform.
- Poland: Update — Progress on legislation for mandatory enrollment in retirement savings plans slows to a crawl
  July 13, 2018
  
  A proposed bill in Poland would require most companies to enroll employees in new supplemental, DC retirement vehicles or establish a voluntary company pension plan.
- Bahrain: New national health insurance law imposes a universal health insurance mandate beginning in 2019
  July 2, 2018
  
  A new law in Bahrain will launch a national health insurance system for the entire population beginning in 2019, with many details still to be worked out.
- European Union: Compliance with EU Directive could significantly impact employer retirement plans
  June 29, 2018
  
  National legislation transposing the EU Mobility Directive may have a significant impact on employer pension plans in select markets.
- Lithuania: Proposed tax changes would alter social security funding and introduce auto-enrollment in individual retirement accounts
  June 27, 2018
  
  Draft legislation in Lithuania would largely eliminate employer social security contributions while doubling them for employees.
- Hong Kong: Proposals affirm government’s commitment to strengthen core retirement, health and family benefits
  May 31, 2018
  
  The Hong Kong government has proposed a variety of measures intended to improve retirement and health benefit protections and incentives.
- Ireland: Roadmap proposing major pension reform unveiled
  May 30, 2018
  
  The most noteworthy of the proposals in Ireland’s Roadmap for Pension Reform may be the introduction of auto-enrollment of workers into retirement savings plans.
- Belgium: Mobility allowance and mobility budget — two alternatives to a company car
  May 18, 2018
  
  To battle traffic congestion, Belgium’s government is preparing legislation to introduce a mobility allowance and budget to reduce the number of company cars.
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