Activities of Liem HOANG NGOC related to 2010/2239(INI)
Shadow opinions (1)
OPINION on the Green Paper entitled ‘Towards adequate, sustainable and safe European pension systems’
Amendments (13)
Amendment 2 #
Draft opinion
Paragraph 1
Paragraph 1
1. Stresses that pensions have to be adequate and sustainableat the same time to be economically viable, guarantee decent pension entitlements and levels for all and take account of the diversity of professional circumstances and careers.
Amendment 6 #
Draft opinion
Paragraph 2
Paragraph 2
2. UnderlPoinets out that due to the different traditions and national set-up of pension systems the principle of subsidiaritytraditions, economic and demographic situations and specific labour market features differ from Member State to Member State and that the principle of subsidiarity, under which Member States retain full responsibility for the organisational set-up of their pension systems, has to be respected.
Amendment 11 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Considers that the priority must be to ensure the smooth functioning of first- pillar retirement schemes, on which most European citizens depend, in particular those on the most modest incomes, and which are at the heart of the European social model.
Amendment 15 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2b. Notes, as does the Commission, that the economic and financial crisis has underscored the role of public pension schemes as automatic stabilisers, as well as the fragility of private pension savings schemes; therefore concludes that the latter do not represent a dependable solution to the pension funding problem.
Amendment 16 #
Draft opinion
Paragraph 3
Paragraph 3
3. States that many pension systems still lack transparency concerning the expected future benefits, the risks involved and all relevant costs, both at a pre-contractual stage and when the pension agreement is concludedcontribution amounts and expected pension levels; stresses that this lack of transparency is particularly problematic in the case of private pension schemes, in connection with which citizens must have reliable and information available to them as to the risks incurred and relevant costs.
Amendment 24 #
Draft opinion
Paragraph 3
Paragraph 3
3. Emphasises that sustainable public finances require including the total of public and private debt in the assessment; recalls that 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 the government debt-to-GDP ratio;
Amendment 29 #
Draft opinion
Paragraph 7
Paragraph 7
7. Emphasises that to meet citizen's expectations as regards the Union's internal market, ideally all pension rights should be portable within the EU; considerspoints out that, currently only, the portability of statutory and occupational pensions are portable in theoryis established in law, but rarely ensured in practice, and that nothing has yet been done with regard to the second pillar.
Amendment 39 #
Draft opinion
Paragraph 10
Paragraph 10
10. Acknowledges that for individual pension insurances (third pillar) being offered across borders, obstacles remain. Requests suggestions from the Commission for overcoming these, as well as a general framework for regulating these activities.
Amendment 43 #
Draft opinion
Paragraph 5
Paragraph 5
5. Observes that pension reforms are necessary 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 ensure adequate retirement income for all; notes that, in this context, the range of possible reforms is not restricted to lengthening the contribution period;
Amendment 64 #
Draft opinion
Paragraph 7
Paragraph 7
7. Recognises that there is no perfect pension system, but is convinced that a balanced multi pillar system; recalls that, in keeping with the principle of psublic, work related and private as well as funded and unfunded should be foundsidiarity, it is for each Member State to determine the breakeven point between the various pension pillars; is of the opinion that each Member State should define a minimum target income level after retirement so as to avoid raising poverty among ageing population;
Amendment 83 #
Draft opinion
Paragraph 9
Paragraph 9
9. Realises that workers generally do not work until their notional retirement age; age at which they are entitled to draw their pension; stresses that the first priority in reaching sustainability is to ensure workers' ability to work until that age by implementing adequate employment enhancing policies;
Amendment 92 #
Draft opinion
Paragraph 11
Paragraph 11
11. Considers that tha possible increase in retirement age needs to be correlated with life expectancy and working conditions, in line with the specific demographic and employment-market factors existing in individual Member States;
Amendment 115 #
Draft opinion
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. States that there must be extremely meticulous supervision of supplementary funded pensions in line with the G20’s call for none of the players and none of the territories being able to avoid sound regulation and supervision;