15 Amendments of Pascal CANFIN related to 2010/2239(INI)
Amendment 2 #
Draft opinion
Paragraph 1
Paragraph 1
1. NotObserves that both the Broad Economic Policy Guidelines and the Stability and Growth Pact refer to age-related public expenditures; recognises that the correct inclusion of pension liabilities is only one of many conditions for sustainability; requests that the economic governance reform takes this dimension duly into accountpension systems are diversified across the European Union; notes that this diversity reflects different societal choices within different Member States; considers that the subsidiarity principle should fully apply to pension systems; deems that the European Commission should aim in this perspective to improve the transferability of pension rights of workers having a career that spans periods in different Member States;
Amendment 17 #
Draft opinion
Paragraph 2
Paragraph 2
2. Having in mind that a sustainable and well functioning pension system is extremely important to the stability of public finances, calls on the Commission to promote a system which would fairly take into account full costs of pfor citizens; considers that pensions systems has to be sustainable for public finances on a long term basis in order to ensure confidence of workers in their future pensions; deems therefore that the reform of pensions systems should not be oriented by the short-term reduction of public deficits, but instead should be guided by longer term objectives such as the prevenstion reforms when initiating decisions linked to the excessive deficit proceduresof age poverty as well as the objectives of coping with the demographic challenge and ensuring adequate and universal coverage;
Amendment 25 #
Draft opinion
Paragraph 3
Paragraph 3
3. Emphasises that sustainable public finances require including the total of public and private debt in the assessment; recallconsiders that public pension savings are not only savings earmarked as pension; requests that the full scale of unfunded public sector pension liabilities is made transparent by including these in thystem liabilities cannot be considered as a debt as these expenditures will in principle be gcovernment debt-to-GDP ratioed by future fiscal incomes;
Amendment 34 #
Draft opinion
Paragraph 4
Paragraph 4
4. Insists that Member States better include the EU dimensCalls on the Commission to make appropriate proposals in order to tackle the disadvantages related to pensions schemes to which are confronted workers who move across borders; considers, therefore, that it is in the best interest of the European Union inand their policies with a view to improving the functioning of the internal marke Member States to increase workers’ mobility; stresses that obstacles to internal and cross-border mobility must be removed; deems that issues such as the lack of transferability, long vesting periods, preservation of dormant rights, non- regression and differences in tax treatment and facilitating workers‘ mobilitytuarial principles must be addressed at EU level;
Amendment 40 #
Draft opinion
Paragraph 5
Paragraph 5
5. Observes that pension reforms are necessaryadvisable whenever required in the context of demographic ageing and the financial and economic crisis, but notes at the same time that the first objective of a reform should be to ensureguaranteeing adequate retirement income for all; in order to ensure that all pensioners live above the poverty line; observes that private pension funds have proved to be unstable during the financial crisis; recalls that pension funds do not solve the problem of an ageing population and the issue of economic transfers from active people to retired people; notes that pension funds transfer the risk of financial markets fluctuations to individuals in the financing of their pensions;
Amendment 58 #
Draft opinion
Paragraph 6
Paragraph 6
6. Believes that the EU has a strong role to play in developing a definition of an adequate retirement benefit, in the form of a set of goods and services that older people need to enjoy f; stresses, in this perspective, that the EU should establish the principles of what constitutes adequate and universal pensions, so as to establish joint standards and support a decent lifelife in dignity for pensioners;
Amendment 62 #
Draft opinion
Paragraph 7
Paragraph 7
7. Recognises that there is no perfect pension system, but is convinced that a balanced multi pillar system of public, work related and private as well as funded and unfunded should be found; is of the opinion that each Member State should define a minimum target income level after retirement above the poverty line, so as to avoid raising poverty among ageing population;
Amendment 79 #
Draft opinion
Paragraph 9
Paragraph 9
9. Realises that workers generally do not work until their notional retirement age; stresses that the firsone important priority in reaching sustainability is to ensurable workers‘ ability to work until that age by implementing adequate employment enhancing policies including antidiscrimination policies;
Amendment 88 #
Draft opinion
Paragraph 11
Paragraph 11
Amendment 128 #
Draft opinion
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Points to the fact that workers who move across borders in the EU still suffer major disadvantages as regards supplementary pension schemes as they may get fragmented occupational pensions and lose tax and social security benefits related to national occupational schemes;
Amendment 129 #
Draft opinion
Paragraph 13 b (new)
Paragraph 13 b (new)
13b. Notes that EU regulation should not only coordinate pension rights of mobile workers but also monitor and supervise the performance of national overall pension systems to protect pension rights of mobile workers and ensure that they have access to reliable data to make an informed decision before moving across borders;
Amendment 149 #
Draft opinion
Paragraph 14
Paragraph 14
14. Considers that Solvency II is a valuable starting point for developing a solvency regime for IORPs; underlines that such a regime needs to be adapted to the specificities of pensions, in particular as regards the conditionality of pension rights, the duration of pension portfolios and the dedicated purpose vehicle operating a homogenous product portfolio; deems, in this perspective, that it is crucial, given the specific long-term nature of pensions, to ensure that strict investment rules are implemented in order to preserve long- term solvency;
Amendment 154 #
Draft opinion
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Underlines the right to information of individuals concerning the countries, sectors and products in which pension funds invest their assets;
Amendment 193 #
Draft opinion
Paragraph 22
Paragraph 22
22. Notes that more choice is not always better; underlines that the subject matter is of low interest to employees and very complex; is of the opinion that default options should be available, preferably with mandatory membership and that opt- outs should be limited;
Amendment 204 #
Draft opinion
Paragraph 24
Paragraph 24