Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-15-Speech-2-536-000"
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"en.20110215.28.2-536-000"2
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"Madam President, when Bismarck introduced a state pension in 1889, the average life expectancy was just 45. Today we live longer, but face the challenge of how to achieve reasonable incomes in retirement. Economic, demographic and labour market traditions vary. Individual countries should be responsible for their own policies and reforms. Sustainable state pensions need sustainable public finances, but this Parliament’s report is clear: there cannot be a harmonised EU retirement age or minimum income level.
Company schemes and individual savings should be portable from one employer to another, and across countries. Savers deserve transparent information, which is easy to understand and available. Yes, we need safe saving schemes, but rules on capital must be intelligent. Risks for pensions are not the same as insurance companies or banks. The cost of regulation falls on the consumer and, in this case, the old-age pensioner."@en1
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