period of pensionable service | years of pensionable service

scrapping

benefits and pension plan administrator

accrued pension benefits

past service retirement annuity

Ordinance of 2 December 1991 on Benefits paid on the Early Retirement of Persons in Special Service Relationships [ ERBO ]

48. Welcomes the establishment of pension tracking services for the 1st and 2nd pillars in Member States; welcomes also the discussion of – and the Commission’s intention of starting a pilot project on – the establishment of cross-border pension tracking services for the 2nd pillar to make it easier for workers to move between Member States without losing track of their pension rights; emphasises that citizens need high quality information from all pension schemes (pillars 1, 2 and 3) so that they can plan their retirement savings and consider taking up supplementary pensions; encourages the Commission to facilitate the exchange of cu ...[+++]rrent best practices in Member States and to promote the development of cross-border pension tracking services;

36. Notes that, when fully developed, pension tracking services should ideally cover not only occupational pensions, but also third-pillar schemes and individualised information on first-pillar entitlements;

46. Welcomes the Commission’s intention to promote the development of pension tracking services in all Member States; stresses – given the current trend of employees changing jobs more frequently than in the past – that such services will become more and more important for people to get a proper overview of total entitlements and to make rational decisions on pensions-related matters;

Accordingly, and as a follow-up to its 2010 Green Paper[22], the Commission will publish a White Paper on pensions which – amongst other things – will address the question of pension rights protection and encourage Member States to set up pension tracking services which will help citizens follow the development of their pension rights.