Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-05-21-Speech-2-446-218"
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"en.20130521.37.2-446-218"2
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"Pensions are a Member State responsibility but European coordination does have an important role to play.. Firstly, the state pension must remain the backbone of national pension systems. A good state pension is the best guarantee of at least a decent replacement income after retirement that protects against poverty. Secondly, there should be no automatic linkage between life expectancy and the statutory retirement age. Increasing employment is the fundamental basis for funding public pension schemes. I welcome paragraph 12 which emphasises the need for consensus between governments and the social partners on enabling people to work at least until the statutory retirement age, and beyond, if they so wish. Thirdly, I would oppose the application of the same capital requirements that apply to insurance companies (‘Solvency II’) to occupational pension systems. IORPs cover around 25 % of the EU workforce and manage assets worth around EUR 2.5 billion, or 30 % of the EU GDP. The Commission should consider this point very carefully before it issues its proposal to revise the IORPs Directive this autumn. Fourthly, I welcome the emphasis in the resolution on preserving and strengthening the pension rights of mobile workers."@en1
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