Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-04-12-Speech-3-265"

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"en.20000412.10.3-265"2
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"Mr President, we see the reality of the situation all around us. If 23% of Europe’s population is over 65 years old today, this figure will have reached 40% by 2025, and the proportion of four working people to every retired person will have become two working people to every retired person by 2020. This demonstrates the pressing need to allow the development of supplementary self-funded high return pension schemes in the European Union to usefully supplement state contributory pension schemes. As we all know, our Member States are working towards ambitious structural reforms, but it is also up to the European Union to intervene in the area of pensions, particularly supplementary pensions, in order to facilitate the free movement of workers in the context of the single market, to establish a genuine single capital market and also to ensure that equality between men and women is respected. With this in mind, the Committee on Employment and Social Affairs has been concerned to reconcile the security and efficiency of supplementary pensions for future pensioners as it is true that the guarantee of a high level of security for beneficiaries encourages healthy and desirable competition between European pension funds. This is why our Committee feels that the proposal for a directive on Community prudential regulations applying to pension funds must be tabled and adopted as quickly as possible, bearing in mind our discussion today, with proper guarantees for the external and internal supervision of the funds concerned and for the calculation of their prudential commitment. Furthermore, in order to encourage the free movement of workers, we felt it essential to quickly improve the transferability and the acquisition of pension rights from supplementary schemes from different European countries. This is the opinion of the Committee on Employment and Social Affairs."@en1

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