2025 declared year of retirement security for pensioners

The Nigerian government has designated 2025 as the Year of Retirement Security for Pensioners, aiming to address key concerns in the pension sector.

In a move to prioritize the welfare of retirees, 2025 has been officially named the Year of Retirement Security for Pensioners. This declaration highlights ongoing efforts to strengthen retirement benefits and ensure financial stability for those who have served the nation.

The initiative comes amid broader discussions on pension reforms in Nigeria. While specific details on implementation were not outlined in initial announcements, the focus is expected to include enhancements to pension funds and security measures for retirees.

This step reflects the government's commitment to social security, particularly for pensioners facing economic challenges. No further timelines or programs were detailed in the available reports.

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French Prime Minister Sébastien Lecornu announces the suspension of the 2023 pension reform at a press conference, with French flags and documents in the background.
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French prime minister suspends pension reform until 2027

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French Prime Minister Sébastien Lecornu has announced the suspension of the 2023 pension reform, deferring discussions on age and contribution duration until after the 2027 presidential election. The move aims to stabilize the budget amid democratic distrust, but it sparks debate on implications for equality and professional inequalities. Experts note that the reform's foundations remain unchanged, while urging fixes for disparities, especially for women and seniors.

The Social Security System will roll out the second phase of a three-year pension increase for retirement, disability, and survivors' pensions starting in September 2026, without raising contribution rates.

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As 2026 begins, Nigerians are voicing hopes for a calmer year amid ongoing challenges. Key concerns include rising scams in forex, crypto, and online investments, alongside positive developments in finance and technology.

Building on hopes for a quieter 2026 amid challenges like rising scams, many Nigerians question whether the new year will deliver real recovery after reforms, urging unity and vigilance.

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THISDAYLIVE highlights 2025 as a pivotal year for art and culture in Nigeria.

The National Assembly adopted the suspension of the pension reform until January 2028 on Wednesday, backed by the PS, ecologists, and RN. On Thursday, deputies voted against cutting the 10% tax abatement for retirees, removing other measures targeting seniors from the 2026 budget. These moves signal a government retreat amid political divisions.

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The Japanese government adopted its fiscal 2026 budget bill on Friday, allocating a record ¥39.06 trillion for social security-related expenses, an increase of ¥760 billion from fiscal 2025. This rise reflects growing medical and nursing care costs due to an aging population. However, efforts to ease the health insurance premium burden on the working generation remain limited.

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