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).
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 ...
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]
There are 15 special retirement plans. Most suffer from an imbalance in regards to the number of workers relative to the number of pensioners, in total there are 500,000 workers contributing to the funds and 1,100,000 pensioners. [citation needed] In comparison, in the private sector there are 18 million workers versus 15 million pensioners.
This is then multiplied by the number of years contributed and the percentage of the average salary earned during the person's lifetime. The average pension in 2012 was €1,263.15 per month. The maximum pension for someone having earned twice the average salary (€64,200) would be €2,526.30. [7]
The Treaty on the Functioning of the European Union (deriving from the Treaty of Lisbon) lists in article 2(1) the European Union's competence in the field of labour law. What is conspicuously not included is unjust dismissal of workers, and according to article 153(5) "pay, the right of association, the right to strike or the right to impose ...
The draft rules, first proposed by the European Commission in 2021, are aimed at an estimated 28 million workers in the EU, whose numbers are forecast to rise to 43 million next year.
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]