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Pf targets amapá pension fund in banco master scandal
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The Federal Police launched an operation against Amprev, the Amapá public servants' pension fund, over irregular investments in Banco Master, liquidated for frauds. The entity's president-director, appointed by Senate President Davi Alcolumbre, was targeted in searches. The action highlights political connections in the scandal costing billions to public coffers.
Chancellor Friedrich Merz (CDU) called at a CDU campaign event in Ravensburg for pension amounts to be tied to working years rather than fixed retirement age, building on earlier proposals like economist Jens Südekum's. He noted SPD support, urged private savings, and pushed for social reforms ahead of the Baden-Württemberg election.
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State House chief Katoo Ole Metito has denied claims that his office delayed pension payments to former Vice President Moody Awori. Speaking before the National Assembly Committee on Administration and Internal Security, Ole Metito blamed the Treasury for not responding to his requests. Payments to the widow of the late Vice President George Saitoti have also been delayed.
German Labor Minister Bärbel Bas is open to reforming the pension system by tying retirement entry to the number of contribution years rather than age alone. She views the idea as fundamentally sound and anticipates discussions in the pension commission. The proposal aims for greater fairness across varied career paths.