private pension plan [ private pension | private plan ]

Enhancing the Supervision of Pension Plans under the Pension Benefits Standards Act, 1985 [ Enhancing the Supervision of Pension Plans under the Pension Benefits Standards Act, 1985: Changes to the Prudential and Supervisory Framework for Federally-Regulated Private Pension Plans ]

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

occupational pension scheme | occupational retirement pension scheme | occupational scheme

pension plan member [ plan member ]

pension plan | retirement benefit plan | retirement plan

employer pension plan | employer plan | employer-sponsored pension plan | employment pension plan

approved pension plan

pension plan | pension scheme

contributions to social security, pension and similar schemes

By way of derogation from point (b) of paragraph 1, officials under pensionable age who, since taking up their duties, have, in order to establish or maintain pension rights, paid into a national pension scheme, a private insurance scheme or a pension fund of their choice which satisfies the requirements set out in paragraph 1, and whose service terminates for reasons other than death or invalidity without their qualifying for an immediate or deferred retirement pension, shall be entitled, on leaving the service, to a severance grant ...[+++]equal to the actuarial value of their pension rights acquired during service in the institutions.

Considers that, given budgetary pressure, efficiency in social spending is of major importance; considers that, in view of the current budgetary pressure, social spending has played a significant economic and social role in softening the effects of the crisis; considers that pay-as-you-go schemes have demonstrated their fundamental role in creating solidarity between generations; also considers that the second and third pillars have a supplementary role to play in reducing pressure; calls on Member States to ensure the best possible mix of forms of pension provision to safeguard pensions in the future; calls upon Member States to improve citizens’ ...[+++]access to private savings schemes; points out that, because of the financial crisis, several Member States are planning to introduce changes to their pension systems; urges them, however, to ensure that all pension systems remain stable, reliable and sustainable, and that all changes are made after adequate social dialogue and on the basis of the provision of sufficient information; advocates that, if choices can be made by employees, enough time should be provided for them to make informed and well thought-out decisions;

88. Notes with concern that the deduction of contributions to the pension scheme from the general expenditure allowance leaves Members exposed to allegations that public funds may be put towards the cost of private pension contributions, and therefore calls on the Bureau to propose before 31 March 2007 measures to ensure that such payments are made directly by pension scheme members through direct debit orders;

88. Notes with concern that the deduction of contributions to the pension scheme from the general expenditure allowance leaves Members exposed to allegations that public funds may be put towards the cost of private pension contributions, and therefore calls on the Bureau to propose before 31 March 2007 measures to ensure that such payments are made directly by pension scheme members through direct debit orders;