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 is possible as of 58 years, albeit with the pension being reduced by a fixed pension reduction coefficient per year before the pensionable age. For staff who entered service 2014 or later, the annual accrual rate is 1.8%, the pensionable age is 66 years, early retirement is possible as of 58 years with a pension reduction ...
Social security includes different kinds of benefits (maternity, unemployment, disability, sickness, old age, etc.) [1] A social pension is a stream of payments from the state to an individual that starts when someone retires and continues to be paid until death. [2]
As can be seen in the graph to the right, the Nordic model holds the highest level of social insurance. Its main characteristic is its universal provision nature which is based on the principle of "citizenship". Therefore, there exists a more generalised access, with lower conditionability, to the social provisions. [clarification needed]
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 Commission on Wednesday proposed a series of measures to ease access to social security services across borders by speeding up digitalisation in member states. The Commission said ...
The state scheme is financed by a payroll tax known as "social security contributions". The rate in 2013 is 15.15% (8.4% for the employer and 6.75% for the employee) of pay up to the social security contribution ceiling of €37,032, and 1.7% (1.6% for the employer and 0.1% for the employee) on the remainder of the salary. [7]
The Directorate-General for Employment, Social Affairs and Inclusion (DG EMPL) is a Directorate-General of the European Commission. [1] It was formerly known as the Directorate-General for Employment, Social Affairs and Equal Opportunities.