Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-11-14-Speech-1-144"

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"en.20051114.17.1-144"2
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"Mr President, Commissioner, first the operating framework and the advantages of occupational pension funds must be clarified. They are financial market institutions and cannot be connected to or it cannot be implied that they can gradually acquire such scope that they can even partially replace the social security systems. On the contrary, highlighting the factors which contributed to the development of the institution in specific individual countries, where the confidence of the workforce attains an average of 45%, also appears to be of exceptional importance. The parameters which contribute to the serious disparity in the application of this directive in the various Member States need to be abolished. The social security systems must continue to guarantee general coverage of workers and they are public systems; in other words, if the insurance fund cannot pay pension benefits and liabilities, the state must meet their financial liabilities. By contrast, if occupational pension funds are unable to meet their liabilities, there is no financial intervention or guarantee by the state. However, I clearly support the fact that these funds are useful as credit institutions which undertake to guarantee auxiliary pensions, insofar as they are decided within the framework of collective agreements. Of course, it must be emphasised that they only provide a retirement income in the case of workers, creating a degree of discrimination against those who do not have stable employment or who work part time. It should also be emphasised that these credit institutions, these funds, only have the facility for cross-border cooperation with countries in the present eurozone. On the basis of these characteristics and the development of the application of the legislation to the Member States, it is advisable for the directive to be promoted in all the Member States, but to become more flexible. What we want is to integrate the directive into national law and, most importantly, for it to be accepted by the social partners, by employers and employees. In this direction, it does not seem to make sense to use averages in order to ascertain the breadth of coverage of the workforce by the funds in question or the capitalisation of these funds and their accumulated reserves as a percentage of GDP or per insured."@en1

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