Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-05-21-Speech-2-438-000"

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"en.20130521.37.2-438-000"2
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"Mr President, with regard to pensions, the figures are truly frightening. In Ireland, some calculations show that we would need a further – a further – EUR 20 billion per annum between now and 2050 in order to guarantee the same level of pensions. Even if the retirement age were to rise significantly and even if these calculations are over-estimated, there is still a yawning gap between what we are currently providing and what we need to provide. So we need a multi-pillar pension approach and this would include three axes, as it were. First of all, a pay-as-you-go universal system; secondly, a supplementary occupational funded system; and thirdly, an individual third-pillar system based on savings, with special incentives for those on lower incomes, the self-employed and those with incomplete contributions. Finally, in the case of those who need to leave work or simply to work part-time in order to carry out care duties, we must ensure the introduction of care-related pension credits so that those persons do not lose out on their pensions and become the next generation of poorer older people, mainly women."@en1
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