European Pension Benefit Statement could benefit workers says ETUC

Commenting on the proposal for a recast Directive on occupational pension funds (IORP), Claudia Menne, Confederal Secretary of the European Trade Union Confederation (ETUC), said “The ETUC is sceptical of the need for change. Pensions need stable rules that work long-term.  The vast majority of occupational pensions are purely national. There needs to be a much more detailed assessment of the long-term impact of the proposed cross-border rules. ”

“The proposal for a standard Pension Benefit Statement is interesting and could be a real advantage for workers.  There is an obvious need for reliable and understandable information on accrued pension rights.”