Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-03-12-Speech-3-090"

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"en.20030312.2.3-090"2
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"Mr President, the Karas report regulates supplementary pension funds with a directive. The Pensioners’ Party is absolutely in favour of this report and, above all, wants Europe to regulate and strengthen pension funds based on capital formation, which are surely better than pay-as-you-go funds, which individual governments have not known how to manage properly. I regret, however, Mr President, that the Committee on Employment and Social Affairs, in which we discussed it, did not accept a Fatuzzo amendment calling on Member States to intervene in the event of the collapse or insolvency of pension funds. I hope it will be successful in the next version of the directive."@en1

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