Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-09-23-Speech-2-294"
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"en.20030923.8.2-294"2
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"Mr President, the European Union considers that pensions are yet another expense which needs to be cut back within the framework of the financial discipline imposed by the Stability Pact and is indifferent to the needs of those who have retired from work. On the pretext of the ageing population, it is promoting an increase in the retirement age, an extension of working life, cutbacks in pensions, the dissociation of pensions and wages and increased financial contributions by workers. At the same time, the European Union and the Member States, with the recent reforms, are using pensions to support the profitability of big business. They are reducing employer benefits and offering them the resources and reserves of the pension funds, promoting the spread of professional pension funds and forcing workers to rely on private insurance schemes, thereby exposing their pensions to the risks inherent in the financial markets.
We support a different policy, where pensions will respond to modern social needs. We and the workers are calling for a reduction in the retirement age and working life, for pension funds to be financed from the national budget and for an increase in employers' contributions, coupled with a reduction in employees' contributions. This sort of social insurance system can only be imposed by the workers, by fighting against the choices of big business and the European Union."@en1
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