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Council and Parliament adopt the revised directive on occupational pensions

In December, the Council of ministers of the EU has finally adopted the revised ‘Directive on Institutions for Occupational Retirement Provision’ (IORP-II), regulating occupational pensions, after the approval of the European Parliament in its plenary session. The directive aims to strengthen requirements on the protection of beneficiaries, mainly through improved information, transparency and governance requirements. AGE has been accompanying the revision process started in 2014 and welcomes the adoption of the revision, while regretting that important improvements have been left out of the proposal.
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Work-life balance, women in poverty and gender pension gap: gender equality on the agenda of European Parliament and Council

While the Parliament has put emphasis on the fight against poverty of women in a recent report, the Council of ministers of social affairs has also supported action to fight poverty of women in conclusions negotiated under the Slovakian presidency. The Council calls for the implementation of the Commission’s roadmap on work-life balance, the proposed European pillar of social rights, and to include two new indicators on the at-risk-of poverty rate of migrant women and of inactive women, including by age groups. The Parliament went further and supports the call for recognising care periods through care leave arrangements, employee-driven flexible working time, care credits in pension schemes and supporting services. AGE welcomes many of the points taken up by the Parliament and the Council, but considers that some points are missing. Continue Reading