The retirement pension transfer cap in Australia has increased to $2.1 million for new retirees. Additionally, the defined benefit pension income cap for Australian public servants and retirees has risen to $131,250. Centrelink has reminded retiring Australians about the Age Pension, which can significantly impact their financial future. In the United States, retirees are hesitant to spend their saved money, while the Swiss have voted for a pension hike and are now deciding how to fund it. Employers in the US are reviewing pension policies through an outdated lens.