An interview was conducted by The Malta Independent with David Spiteri Gingell, about Malta’s pension system, which is stronger than ever. However, more work needs to be done – David Spiteri Gingell. Click here to view the full interview. Click here to read the first part of the interview. What has been the effect of…
An interview was conducted by The Malta Independent with David Spiteri Gingell. David Spiteri Gingell, who has been involved in pensions reform since 2004, is responsible for the implementation of the 2017-2019 Retirement and Financial Capability Strategy. This strategy seeks to increase an individual’s financial and retirement capability to be in a better position to…
Senior Citizen Grant, also known as SCG The €300 allowance was first introduced in 2012 to those aged 80 and over. In 2013, age was decreased to 78 years. In 2014, the age group was widened again and the age was set to 75, allowing more elderly persons to benefit from such a grant. It…
The Retirement and Financial Capability Group within the Ministry for the Family, Children’s Rights, and Social Solidarity launches a two year communication and awareness campaign on financial capability that is co-financed under the European Social Fund programme – Project 2.63: Knowledge, Training, Communications and Supports Measures in Support of Vulnerable Groups. The campaign is designed…
The 2017-2019 Strategy for Retirement and Financial Capability was approved by Government in January 2017 following a 12 month consultation process on the draft strategy. A Retirement and Financial Capability Group within the Office of the Permanent Secretary for the Ministry of the Family, Children’s Rights and Social Solidarity was set up. The Strategy identified…
Dear Viewers Today we are celebrating our first anniversary since the launch of our portal – as your independent trusted portal on retirement and financial capability. We have over the past 12 months brought to your attention: Information on the social security contributory pension. Information on money management and financial matters. Information on life events…
The term social security benefits refers to various benefits (contributory and non-contributory) that fall under the remit of the Department of Social Security (DSS) in accordance to the Social Security Act (Cap. 318.) whereby the applicant would receive monetary benefits. Benefits include pension payments to retirees, payments to widowers, invalidity pension payments, maternity payments, payments…
Claiming a pension at state pension age (as per new pensions reform), not at the age of 61 (early-opt-out) and remaining in employment beyond retirement has a lot of positive benefits: to boost your pension to keep fit and active to enjoy a higher quality of life (basically two incomes – a pension and a…
Under the European Social Fund project titled ‘Knowledge, Training, Communications and Support Measures in Support of Vulnerable Groups’ (ESF2.63) the Malta Council for the Arts, Science, and Technology (MCAST) partnered with the Retirement and Financial Capability Group (RFCG), within the Ministry for the Family, Children’s Rights, and Social Solidarity to design and launch a training…
Students are often wearied by their long years in school, finding it difficult to put to practice what they have studied with the realities encountered during their employment. Employees more often than not, strive for more information regarding their future state pension whilst at the same time, seek other avenues of how to invest in…
