Descriptions of the major social security reforms in social protection schemes worldwide since 1995, including information on existing and planned changes to social security systems. Social security reforms are compiled by the ISSA Social Security Observatory.
The Social Insurance Law, which became effective on July 1, creates a national unified social security system designed to increase labor mobility within China.
In an effort to slow future pension costs and stimulate economic growth, in late June the Irish government enacted two laws that make a number of changes to the flat-rate state pension system (including an increase in the retirement age) and introduced a new 0.
Spain's new social security law, enacted on August 1, increases the retirement age, the number of years of contributions required for a pension, and incentives for workers to remain in the labor force past retirement age.
At the end of June 2011, Greece approved changes to social security as part of a 5-year (2011-2015) austerity plan to secure EUR 12 billion (USD 17 billion) in loans to meet the country's debt obligations through August 2011.
The 2011-12 financial year Australian federal budget saw little substantial changes to superannuation policy, despite impending changes to superannuation set to commence next year, but saw several important changes for pensioners and older workers.