http://www.watsonwyatt.com Latest Watson Wyatt Multinational Articles en-us Copyright 2005 Watson Wyatt Worldwide http://backend.userland.com/rss091 5/9/2008 12:34:49 PM 20 In a very welcome move, the Government has announced the removal of the superannuation surcharge payable on surchargeable contributions and relevant termination payments with effect from 1 July 2005.http://www.watsonwyatt.com/search/parser.asp?ID=14703In February, the Securities and Exchange Commission of Pakistan (SECP) finalised rules for the introduction of a new, voluntary pension system for people aged over 18 who do not have access to an approved occupational plan.http://www.watsonwyatt.com/search/parser.asp?ID=14704Negotiations between employers and trade unions on a series of key labour market reforms have now officially opened.http://www.watsonwyatt.com/search/parser.asp?ID=14705Congress has started discussions about the Administration’s pension reform proposal with a number of committees holding hearings on the issue.http://www.watsonwyatt.com/search/parser.asp?ID=14706This comprehensive guide to statutory benefits and company benefit practice helps companies to evaluate their benefit plans from a regional perspective and to stay on top of the latest developments.http://www.watsonwyatt.com/search/parser.asp?ID=14707Covering the same countries (with the exception of Macau) as the Benefits Report, this report provides invaluable information on current employment law, working conditions and industrial relations in each territory.http://www.watsonwyatt.com/search/parser.asp?ID=14708This new report dovetails with the country coverage of the two reports outlined here and will help companies rationalise their policy and cost-effectively manage the provision of company cars in the Asia Pacific region.http://www.watsonwyatt.com/search/parser.asp?ID=14709Across Asia, there is concern about ageing populations and changing social attitudes that mean family support can no longer be counted on as the principal means of social security in retirement.http://www.watsonwyatt.com/search/parser.asp?ID=14712Across Asia, there is concern about ageing populations and changing social attitudes that mean family support can no longer be counted on as the principal means of social security in retirement.http://www.watsonwyatt.com/search/parser.asp?ID=14699The Australian Treasury has now released the final regulations in respect of the ‘Choice of Fund’ legislation. Companies now need to prepare for its implementation which has been set at 1 July 2005. Steps that companies should consider in this regard include.http://www.watsonwyatt.com/search/parser.asp?ID=14562On 17 March 2005, the EU Commission issued a Green Paper entitled Confronting demographic change: a new solidarity between the generations.http://www.watsonwyatt.com/search/parser.asp?ID=14563Hong Kong Accounting Standard 19 – Employee Benefits (HKAS 19), formerly known as SSAP 34, has recently adopted a number of the changes made to the International Accounting Standard 19.http://www.watsonwyatt.com/search/parser.asp?ID=14564The Government has proposed financial sector reforms designed to increase investment flexibility.http://www.watsonwyatt.com/search/parser.asp?ID=14565It is a busy time for reviewing retirement benefits in Korea.http://www.watsonwyatt.com/search/parser.asp?ID=14566Watson Wyatt is pleased to announce the publication of the 2005 editions of its comprehensive reference guides to pensions and other employee benefits and to employment terms and conditions in Europe.http://www.watsonwyatt.com/search/parser.asp?ID=14567Making the most of the IAS 19 experiencehttp://www.watsonwyatt.com/search/parser.asp?ID=14556The Monsanto decision – its relevance for pension provision in Canadahttp://www.watsonwyatt.com/search/parser.asp?ID=14304On 29 July 2004, a serious blow was dealt to the Canadian pension landscape with the release of the decision of Canada’s highest court, the Supreme Court of Canada (SCC), in the ‘Monsanto’ case. The decision dealt with the treatment of surpluses on the partial wind-up of a defined benefit (DB) pension plan.http://www.watsonwyatt.com/search/parser.asp?ID=14305On 12 January 2005, the Treasury released draft regulations in respect of the ‘Choice of Fund’ legislation, along with a draft version of the ‘Standard Choice Form’.http://www.watsonwyatt.com/search/parser.asp?ID=14306For over six years, Danish employees have been required to contribute 1 per cent of their income to a special pension account, the Særlig Pension (SP). As a measure to stimulate the economy, this requirement was suspended for 2004 and 2005.http://www.watsonwyatt.com/search/parser.asp?ID=14307