selection

pension schemes

This tag is associated with 8 posts

Plenary round-up – Brussels, April I 2019

Highlights of the April I plenary session included debates on the Future of Europe with Swedish Prime Minister, Stefan Löfven, and on UK withdrawal from the EU. Continue reading

Framework for a pan-European personal pension product (PEPP) [EU Legislation in Progress]

Europe’s population is ageing, due to people living longer and having fewer children, putting increased pressure on pension systems. Continue reading

Occupational pensions: Revision of the Institutions for Occupational Retirement Provision Directive (IORP II) [EU Legislation in Progress]

Written by David Eatock (4th edition), In 2014, the European Commission proposed a revision (‘IORP II’) of the existing Institutions for Occupational Retirement Provision (IORP) Directive of 2003, which covers certain occupational pension savings. These are overwhelmingly in the United Kingdom (55.9% of IORP assets) and the Netherlands (30.7%). The proposed revision aims to improve … Continue reading

European Union pension systems: adequate and sustainable?

Written by David Eatock One in four European Union (EU) citizens currently depend on their pension income. Younger citizens will one day benefit from pensions too. And they also have an immediate interest, as the taxes and social security contributions working age people pay help support current pensioners. However, pensions are one of the biggest … Continue reading

Prospects for occupational pensions in the European Union

Written by David Eatock Given ageing demographics, Member States have taken action to reform their public pension systems to put them on a more sustainable footing for the future. The 2015 Ageing Report projects that, over the long term, there will be a reduction in public pension spending as a share of GDP in the … Continue reading

Working and retiring abroad: overview on pension rights within the EU

Citizens recurrently turn to the Parliament requesting information on the EU rules concerning the accumulation of pension rights when having worked in several Member States.  All European countries are free to decide who is to be insured in their social security schemes under their national legislation, which benefits are granted and under what conditions. However, … Continue reading

European Union pensions policy

Although Member States have the primary responsibility for designing their pension systems, major demographic changes along with strong economic shocks make the case for updating the European Union’s role as regards pensions. The European Commission’s 2012 White Paper on pensions has been fundamental to this process. Describing how the European Union (EU) could best help Member States to provide … Continue reading

Occupational pensions: ‘Second pillar’ provision in the EU policy context

The ageing population in the European Union and the effects of the financial and economic crisis have strained the sustainability of public pension schemes in Member States (MS). To ensure adequate incomes for people after retirement, many MS are putting increasing emphasis on supplementary forms of retirement income. These include occupational pension schemes that provide … Continue reading

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