Activities of Vicky FORD related to 2010/2239(INI)
Plenary speeches (1)
Adequate, sustainable and safe European pension systems (debate)
Amendments (11)
Amendment 27 #
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 theand explicitly disclosed in the government debt-to- GDP ratioStability and Growth Pact;
Amendment 35 #
Draft opinion
Paragraph 4
Paragraph 4
4. Insists that Member States better include the EU dimension in their policies with a view to improving the functioning of the internal market and facilitating workers‘ mobilityfacilitating workers‘ mobility with portable pensions both from employer to employer and cross-border is critical to improving saver confidence;
Amendment 46 #
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 and notes the contribution that may be made by working longer;
Amendment 57 #
Draft opinion
Paragraph 6
Paragraph 6
6. Believes that the EU has a strong role to play in developing guidance for Member States of a definition of an adequate retirement benefit, in the form of a set of goods and servicand notes that under the Open Method of Co-ordination, Member States that older people need to enjoy for a decent lifeve already agreed to common objectives on pension policy which is monitored through a number of agreed indicators, including adequacy and that these should be enhanced rather than moving away from agreed objectives and indicators;
Amendment 66 #
Draft opinion
Paragraph 7
Paragraph 7
7. Recognises that there is no perfect pension system and that pensions systems and economic circumstances differ across Member States , 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 so as to avoid raising poverty among ageing population;
Amendment 76 #
Draft opinion
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Observes that encouraging citizens to start saving at a younger age can considerably reduce the individual's pensions gap and welcomes sharing of best practice across Member States with respect, for example, to pensions portals;
Amendment 145 #
Draft opinion
Paragraph 14
Paragraph 14
14. Considers that Solvency II is a valuable stNotes the diversity of pension provision in different Member States, the vartying point for developing a solvency regime for IORPs; underlines that such a regime needs to berisks inherent in different schemes and the existence of pensions benefit guarantee schemes in certain Member States and thus recognises that any capital adequacy regime for IORPs needs to be fully impact assessed and 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;
Amendment 159 #
Draft opinion
Paragraph 15
Paragraph 15
15. Considers the qualitative elements of Solvency II to be of great importance for their application to IORPs; notes that this applies in particular to requirements in Pillar II and Pillar III in Solvency II are a valuable starting point for crelation tong good risk management in IORPs;
Amendment 181 #
Draft opinion
Paragraph 20
Paragraph 20
Amendment 196 #
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 211 #
Draft opinion
Paragraph 24 a (new)
Paragraph 24 a (new)
24a. Believes the European Institutions should lead by example in setting adequate and sustainable pensions; notes that the last full review of the European Institution's pension provisions was in 2004 and therefore requests the Commission to undertake a detailed review of current procedures and provisions and to submit a detailed report to Parliament by June 2011;