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
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- Chile: Government’s proposed social security pension reforms would introduce employer contributions
  December 13, 2018
  
  The Chilean government’s proposed reforms introduce employer contributions to employees’ compulsory DC and would increase government funding of solidarity pensions.
- Poland: Final legislation imposes mandatory employer-provided retirement plans
  December 4, 2018
  
  Legislation in Poland requires employers to establish, automatically enroll staff into, and contribute to a new defined contribution retirement plan.
- Kenya: Mandatory housing fund contributions announced for 2019
  December 3, 2018
  
  Kenya’s recently approved 2018 Finance Act will create a new housing fund intended to help low-income individuals with the purchase of their first home.
- Slovakia: Mandatory employer-paid recreation benefit from 2019
  November 28, 2018
  
  The Labor Code in Slovakia now requires all employers with 50 or more workers to pay a portion of employees’ eligible recreation expenses from January 1, 2019.
- Argentina: Companies increase salary reviews to counter crippling impact of roaring inflation
  November 28, 2018
  
  Willis Towers Watson’s flash surveys tracked how companies in Argentina are responding to current rampant inflation.
- Cambodia: In-service seniority payments to replace layoff compensation (severance)
  October 31, 2018
  
  Effective January 1, 2019, the severance entitlement in Cambodia will be replaced by a seniority payment to employees of 15 days’ wages and benefits each year.
- France: PACTE would create a unified framework for tax-qualified supplemental savings plans
  October 31, 2018
  
  While many PACTE reforms in France focus on helping small and midsize companies grow, the proposed standardization would benefit employers of all sizes.
- France: Gender pay reporting requirements announced
  October 25, 2018
  
  A recent French law contains various provisions to promote training, employment, gender pay equity and equal treatment among workers.
- Brazil: New data privacy regime — Lei Geral de Proteção de Dados Pessoais (LGPD) — coming in 2020
  October 2, 2018
  
  An encompassing new data privacy regime, modeled after the EU’s GDPR, will significantly impact companies in Brazil and require preparation to ensure compliance.
- Georgia: Compulsory employer- and employee-funded pension savings plans announced
  October 2, 2018
  
  Referred to as the “Accumulated Pension System,” Georgia’s public retirement savings plan is scheduled to launch on January 1, 2019.
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