4 Amendments of Bernard MONOT related to 2017/0143(COD)
Amendment 184 #
Proposal for a regulation
Recital 1 a (new)
Recital 1 a (new)
(1a) A substantial part of old age pensions is provided under public schemes, so that there is a direct connection between national pension systems and the sustainability of public finances. Given the exclusive national competence regarding the organisation of pension systems as determined by the Treaties, only the Member States are responsible for income adequacy and financial sustainability of national pension systems.
Amendment 189 #
Proposal for a regulation
Recital 1 b (new)
Recital 1 b (new)
(1b) The Union is facing several challenges, including demographic challenges because of the fact that Europe is an ageing continent. In addition, career patterns, the labour market and the distribution of wealth are undergoing radical changes, not least as a result of the digital revolution. At the same time, it is increasingly clear that national security systems are not adjusted to a globalised knowledge economy with open borders, labour mobility and migration which should be cause for a halt to immigration and a stop to social dumping. Too many people are not, or are inadequately covered by the traditional national pension systems.
Amendment 194 #
Proposal for a regulation
Recital 1 c (new)
Recital 1 c (new)
(1c) Priority should be given to further developing, strengthening and reforming the first (public) and second (occupational) pillars of the national pensions systems. However, it is expected that the share of first pillar pay-as-you-go public pensions as part of the placement rate will decline. This could be partly compensated by accrued pension entitlements from second pillar funded schemes. But a well-developed third pillar could and should contribute substantially to improving the adequacy and sustainability of the existing national pension systems. It should stay an exclusive national competence.
Amendment 210 #
Proposal for a regulation
Recital 3 a (new)
Recital 3 a (new)
(3a) The European pension market is highly fragmented and diverse, so PEPP cannot be implemented without encroaching upon the competences of the Member States. In Member States where the first and second pillar are insufficiently developed, PEPP might override national solutions for people who do not currently have access to adequate provisions. In Member States with highly developed pension markets, the PEPP could cannibalise the national first and second pillar.