Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-03-12-Speech-3-093"

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"en.20030312.2.3-093"2
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". As we all know, given the demographic changes that have taken place in the countries of the Union, it was decided, at the Lisbon Council, and in the wake of the action plan for financial services, to create a Europe-wide internal market for occupational pensions, and the utmost priority was attached to this issue. On the basis of the principle that ‘particularly where a major part of retirement provision is already provided by a pay-as-you-go system it is necessary to encourage additional contributions to retirement provision based on capital formation’, the proposal for a directive is intended to facilitate the further expansion of occupational pensions as the second pillar of retirement provision, a Europe-wide organised internal market, which must contribute to greater efficiency, transparency and security within the second pillar. Although the report tends to interfere with the labour and social legislation of the Member States, by proposing the regulation of pension funds at European level, not only for the capitals market but also for the social security systems of their beneficiaries, I have in the final analysis supported it, since it expresses the correct options for this field which, incidentally, are being adopted by the Portuguese Government."@en1

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