PSI is working towards achieving Quality Public Services and Decent Work for all workers through intervention and influencing global policies. Pension and social security is integral in the context of QPS and Decent work. We believe that all workers in all services must have access to pension schemes enabling them to
retire from work and receive an income adequate for their needs.
The Executive Board of PSI expresses its support for the general strike in Brazil called by the trade union centres for the 28th of April. In response to the attacks on democracy and trade union and labour rights by the illegitimate government of Michel Temer, a general strike clearly shows strong opposition from the working class to the backward steps taken by the government.
Two weeks after massive marches on 15 March in protest against measures introduced by President Temer’s government, on 31 March workers all over the country came together again. The protests were seen as a precursor to the all-out strike planned for 28 April.
In a letter to US congressmen, trade unions complain that the proposal "provides no economic stimulus, and in fact takes money out of the economy by reducing the minimum wage and overtime protections".
As Puerto Rico struggles to resolve its debt crisis, vulture hedge funds are demanding full payment on debt they bought for pennies on the dollar. Caught in the middle are Puerto Rico’s citizens– American neighbors who have no voice in Congress.
Trade unions have unveiled a new initiative to tackle global tax evasion by integrating tax risks into responsible investment policies in pension funds worth over $20trillion where unions and their trustees are involved in fund governance.
Detroit is the largest city to file for bankruptcy in United States history. But it is not the only city in economic crisis, and what happens in Detroit matters—it matters to AFSCME members who have dedicated their working lives to providing quality public services to the city and community, it matters to workers and retirees across the United States and around the world, it matters to all public sector workers who we depend upon to provide quality public services to citizens around the world. Detroit matters to all of us and we stand in solidarity with the workers and retirees of the city.
A number of PSI affiliates are concerned about pension fund investments in privatization, a process that is likely to increase under pressure from the G-20 and the OECD. These two documents describe the on-going work related to investment practices and policies of capitalized pension funds.
Public sector pension funds are some of the largest of the capitalised funds in the world. The combined assets of these public sector funds stand at an estimated US $12 trillion. How these funds invest has a direct impact on the members of PSI affiliates and trade union members and workers in all other sectors in Asia/Pacific and across the world. This paper sets out a summary of the key developments in pension fund governance and the stewardship of the assets that are purchased, looking at the UK’s corporate governance and stewardship systems.
The 2012 PSI World Congress provided a framework for Public Services International's discussions and decisions. However, it is necessary to focus priorities. This document presents a detailed implementation plan for PSI's mandate in 2013 and beyond.
Resolutions adopted at the 29th World Congress of Public Services International, held in Durban, South Africa, 27-30 November 2012. The resolutions are available in English, French, Spanish, German, Swedish, Japanese and Russian.
PSI took advantage of the meeting of the ITUC Committee on Workers’ Capital (CWC) in Washington, DC 16 ‐ 17 October to convene a few union representatives responsible for pension fund policy in their own countries. This group included AFSCME, AFT, SEIU, CUPE, NUPGE, UNISON (Abvakabo was unable to attend the CWC at the last minute).
Unions are increasingly aware that the pension fund investments are unethically made to promote privateers and multinational companies rather than provisioning for the public services and developmental activities.
Public Services International (PSI) Asia Pacific region and Friedrich Ebert Stiftung (FES), Regional Cooperation office (Singapore), jointly held a Forum on Pension and Social Security for the affiliate unions on 14-15 December 2013 in Singapore.