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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]
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 European Personnel Selection Office (EPSO) is responsible for selecting staff to work for the institutions and agencies of the European Union including the European Parliament, the European Council, the Council of the European Union, the European Commission, the European Court of Justice, the Court of Auditors, the European External Action Service, the Economic and Social Committee, the ...
This rate increases progressively based on the number of years worked to a maximum of 2% for those who have contributed a minimum of 40 years. [13] These pensioners are rewarded by being able to retire at the minimum retirement age of 62 while collecting their pensions at the maximum aforementioned rate of 2%, instead of collecting full pension ...
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).
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.
Directive 2003/98/EC on the re-use of public sector information set the path for both EU and member state portals.. Decision 2006/291/EC on the reuse of Commission documents provided the rules for the opening of the European Commission's data for re-use and was later amended by Commission Decision 2011/833/EU, which committed to making data available in machine-readable formats and established ...