Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-15-Speech-2-541-000"

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"Madam President, I should like to congratulate the rapporteur on her efforts to strike the necessary balance between the economic viability and the social adequacy of pension systems, given that, in times of high unemployment, deregulation of the labour market, wage cuts and serious demographic challenges, the creation and consolidation of adequate, socially fair and economically viable pension systems is a major challenge for every Member State. However, systems must be based on the first pillar, the public, redistributive pillar, as the only basic guarantee of adequate benefits. This pillar should be supplemented, not supported by the second pillar, which should function in tandem, once care has been taken to safeguard not only universal access to it, but also its security, by establishing the relevant governance framework. In addition, linking a later retirement age to life expectancy does not, by any means, result in automatic adjustments. Of course, other parameters have to be factored in, such as location, nature of work, very unhealthy occupations, quality of life and health. Finally, any incentives to remain in work should, as a precondition, include safety valves to overcome any barriers which might prevent young people from accessing the labour market, especially at a time when unemployment has, unfortunately, soared to invisible heights."@en1
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