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Image header Agence Europe
Europe Daily Bulletin No. 7945
Contents Publication in full By article 35 / 52
GENERAL NEWS / (eu) eu/economic and social committee

Directive on occupational retirement pensions is "step in right direction"

Brussels, 12/04/2001 (Agence Europe) - At its 28/29 March plenary session in Brussels, the Economic and Social Committee (ESC) adopted an opinion on the draft Directive relating to institutions for occupational retirement pensions (rapporteur: Jakob van Dijk, Workers' Group, Netherlands), which it described as a "step in right direction". The ESC stresses the importance of tax measures (not addressed by the Directive) for the single market in supplementary pensions and wonders to what extent Member States should be allowed to continue forcing retirement pension institutions to continue to make 70% of their investment in shares in national currency once the Euro is introduced.

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