Search results
Results from the WOW.Com Content Network
An official is entitled to an EU pension after at least 10 years of service (or if he reaches the age of 63). [4] EU officials normally reach retirement age at 63, but it is also possible to take early retirement with a reduced pension from the age of 55, or to work up until the age of 67 (but with no corresponding increase in pension rights).
Early retirement had been possible as of 55 years for all staff, with a pension reduction coefficient of 3.5% per year before the pensionable age, except that a small percentage of officials could retire early without that pension reduction if it was in the interest of the service. [21]
The EU Regulation 1049/2001 specifies that documents subject to access to information are those concerning "policies, activities and decisions falling within the institutions’ sphere of responsibility" and this applies to all documents held by the EU institutions "in all areas of activity of the European Union". [25]
Within the European Union (EU), these pension funds can vary throughout certain Member States due to differences in retirement ages in Europe, salaries and length of careers, labour and tax laws, and phases of reform. [2] This form deferred compensation can be paid out regularly each month once the employee has retired. It is both beneficial ...
The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS), a Level-3 Committee of the European Union under the Lamfalussy process, was established in 2004 under the terms of European Commission's Decision 2004/6/EC of 5 November 2003, later repealed and replaced by Decision 2009/79/EC. It was composed of high level ...
The European Assembly (Pay and Pensions) Act 1979 (c. 50) since 1986 named the European Parliament (Pay and Pensions) Act 1979 is an act of the Parliament of the United Kingdom which made provision for the payment of salaries and pensions, and the provision of allowances and facilities, to or in respect of Representatives to the Assembly of the European Communities (now known as MEPs).
California has just 72 percent of the assets needed to make payments to retired public workers, many of whom get to collect six-figure annual payments.
The European Union is committed to fighting old-age poverty. Currently, only 27% of Europeans between 25 and 59 years old have enrolled themselves in a pension product. [7] With the PEPP the EU is responding to changing demographics due to the aging of the population, the modern forms of labour, and embracing the opportunities of digitalisation.