It has long been apparent that additional streams of income over and above one’s state retirement pension are needed to maintain one’s quality of life following retirement. Research conducted by GEMMA last year showed that 44% of respondents worry about their financial future but only 21% had some type of retirement pension plan.
The enabling legislation making Voluntary Occupational Retirement Pension Schemes (VORPS) possible has been in place for a few years. It provides another possible means of generating additional income after retirement and offers generous tax incentives for those who participate in such schemes. Yet participation is low.
GEMMA will be holding a webinar on the 27th of April 2022 between 11:00am and 12:00pm to discuss VORPS, how one can participate in such schemes and the benefits one can anticipate. The panel will consist of:
Joseph Farrugia – General Director, MEA
Josef Bugeja – General Secretary, GWU
Andrew Aquilina – Head of Policy, Chamber of SMEs
Frans Camilleri – Economist and Advisor, MSPC
Mario Cassar – Moderator
Spaces are limited so early REGISTRATION is recommended.