Insurance Association Malta advocates for mandatory workplace pensions in Malta's 2025 budget.

The Insurance Association Malta (IAM) is advocating for the Maltese government to implement mandatory workplace pensions in the 2025 budget. Citing longer life expectancies and insufficient retirement savings, IAM proposes a system similar to the British model, allowing for voluntary opt-outs. The plan includes a transitional framework for employer contributions and suggests making these contributions tax-deductible to enhance employee participation.

September 24, 2024
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