Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-15-Speech-2-529-000"

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"en.20110215.28.2-529-000"2
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"Madam President, demographic changes, longer lifespans and a falling birth rate, various privileges granted under pension systems and the economic crisis have placed enormous pressure on the public finances of the Member States. We are being forced to ask questions on an increasingly frequent basis regarding the stability and security of current pension systems, and regarding the extent to which they guarantee fair incomes during retirement. We are coming to the conclusion that reforms of Europe’s pension systems, which fall under the competences of the Member States, are essential. This will be a very long-winded and expensive process, and in order for governments to decide to take such a step, the Council and the European Commission need to guarantee that the costs of these reforms will always be taken into account when applying the excessive deficit procedure. Any other solution may result in a situation where countries abandon reforms for fear of the financial burden. I should like to refer to two key aspects of these essential reforms. Firstly, in order to guarantee the security of pension systems, we must diversify income sources and create systems based on public funding from capital markets and employee pension schemes. Secondly, we should ensure higher rates of employment in order to guarantee the stability of pension systems. The Member States should endeavour to ensure that the actual age of retirement is the same as the statutory age, and, wherever necessary, consider extending the statutory age of retirement, as a natural consequence of the fact that Europeans are living longer and longer. Extended working lives should, however, be associated with corresponding labour market reforms, including the provision of appropriate training and healthcare for employees. I would like to congratulate the rapporteur and to thank her for her help and her excellent cooperation while working on the report."@en1
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