Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-15-Speech-2-554-000"

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"We all know that there is no such thing as an ideal model for pension systems. Every country has developed its own solutions and has plans for future reforms which are adapted accordingly. In spite of the significant differences between the individual systems, I believe that the European Union should indicate the direction to be followed by all Member States when making changes. It was emphasised many times in committee that the financial and economic crisis of recent years has highlighted the urgent need to carry out reforms of the pension systems. The principles of solidarity and subsidiarity oblige us to strengthen cooperation between the Member States in this area. Sharing our experiences will enable us to avoid wasting time on duplication, which has already led to disaster in one country, and exchanging information on best practices will make it possible to develop the best strategies effectively. Let us not forget that the reforms must not be limited merely to raising contributions and extending the period during which contributions are made. Budgetary stability, the cross-border coordination of pensions, the development of minimum guarantees and equal rights for women and men are only some of the issues which should be the subject of deliberations in every Member State. A sustainable system based on mutually dependent and complementary pillars should be developed throughout Europe, incorporating public, employee and private pensions, as well as capital and non-capital pensions. I believe that this solution will guarantee the creation of stable and fair pension systems which will, at the same time, remain flexible enough to adapt to the social and economic changes we are experiencing."@en1

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