There have been significant changes to occupational pension policy in some Member States of the CEE (Central and Eastern Europe) region. In this part of Europe mandatory funded pension pillars have been established prior to the EU enlargement. The Member States were inspired for their pension reform by the World Bank model. In 2005, PensionsEurope established a CEEC Forum to promote the dialogue with the private pension industry in the CEE and the regular members of PensionsEurope in order to raise the concerns of the private pension sector in Brussels.
The EU pension policy recognises the importance of funded occupational pensions in providing adequate and sustainable pensions. Nevertheless, we see worrying developments in some of those Member States. PensionsEurope is committed to defend the interest of its members at all levels and has many times added value to its members by supporting their advocacy efforts at national level. Because of, among others, short-term fiscal objectives and the current economic environment, some Member States are jeopardising existing multi-pillar pension systems in order to improve public finances. We are of the opinion that citizens might lose trust in occupational pension schemes when money is taken out of the pension fund or if the pension fund is even dismissed entirely. Moreover, pension reforms could spill-over to other Member States of Eastern and Central Europe with similar systems. Therefore, we try to raise awareness with the European institutions and we try to support the pension funds in the respective countries where we can.
PensionsEurope defends the interests of its members against adverse policy actions and where the pensions they represent may become under threat. We promote the role and the need for funded private pensions at all levels throughout Europe and we are ready to support and defend the interests of our members whenever needed and at all levels.