company pension | occupational pension | workplace pension

occupational pension scheme | occupational retirement pension scheme | occupational scheme

pension industry professional

European Insurance and Occupational Pensions Authority [ EIOPA ]

Committee of European Insurance and Occupational Pensions Supervisors | CEIOPS [Abbr.]

National Vocational Rehabilitation Project [ NVRP | Canada Pension Plan National Vocational Rehabilitation Project ]

Contact:dermatitis (occupational) NOS | eczema (occupational) NOS

Canada Pension Plan Disability Vocational Rehabilitation Program [ Disability Vocational Rehabilitation Program ]

pension scheme [ occupational pension | old age pension | pension plan | retirement pension | State pension ]

professional qualifications [ professional ability | professional competence | professional incompetence | required job qualifications ]

The 2003 Directive on the activities and supervision of institutions for occupational retirement provision (IORPs) provided a EU legislative framework for workplace pensions with a specific cross-border dimension to allow for the setting up of pan-European pension funds that manage the pension schemes of employees in different member states.

2a. The Occupational Pensions Stakeholder Group shall be composed of 30 members, representing in balanced proportions Institutions for Occupational Retirement Provision operating in the Union, their employees representatives as well as consumers, users of occupational retirement provision services and representatives of SMEs.

34. Urges the Commission urgently to review Directive 2003/41/EC of the European Parliament and of the Council of 3 June 2003 on the activities and supervision of institutions for occupational retirement provision in order to provide a solid solvency regime appropriate to such institutions for occupational retirement provision, based on advice from the Committee of European Insurance and Occupational Pensions Supervisors and a thorough impact assessment, examining level playing field issues through differences in calculation and underlying assumptions for measuring liabilities; stresses that such a regime could be based on an extension ...[+++]of some aspects of the amended Commission proposal of 26 February 2008 for a Directive of the European Parliament and of the Council on the taking-up and pursuit of the business of insurance and re-insurance (Solvency II) (COM(2008)0119) to pension funds, taking into account the specificities of the institutions for occupational retirement provision, such as the long-term nature of the pension schemes they operate and the type of risk coverage or guarantees provided by pension funds; considers that such a special solvency regime would underpin financial stability and prevent regulatory arbitrage;

34. Urges the Commission to review Directive 2003/41/EC of the European Parliament and of the Council of 3 June 2003 on the activities and supervision of institutions for occupational retirement provision urgently in order to provide a solid solvency regime appropriate to such institutions for occupational retirement provision, based on advice from the Committee of European Insurance and Occupational Pensions Supervisors and a thorough impact assessment, examining level playing field issues through differences in calculation and underlying assumptions for measuring liabilities; stresses that such a regime could be based on an extension ...[+++]of some aspects of the amended Commission proposal of 26 February 2008 for a Directive of the European Parliament and of the Council on the taking-up and pursuit of the business of insurance and re-insurance (Solvency II) to pension funds, taking into account the specificities of the institutions for occupational retirement provision, such as the long-term nature of the pension schemes they operate and the type of risk coverage or guarantees provided by pension funds; considers that such a special solvency regime would underpin financial stability and prevent regulatory arbitrage;