Pensions/retirement, Energy, Europe

Global trade union federations have welcomed the initiative of the ENGIE energy multinational to commit to cover any hospitalisation and death-related costs arising from the COVID-19 virus for any of its 170000 employees around the world. The company is bringing forward implementation of a new CARE programme for employees that would provide help with such costs but, in the period up to 31 December 2020, is boosting this by providing full coverage of hospitalization costs related to COVID-19 and for employees temporarily without social protection providing all-cause death cover and

Employees of the Organisation for Economic Co-operation and Development (OECD) and a number of other international bodies, including NATO and the Council of Europe, joined a protest in Paris on 2 July in opposition to threats to change pension arrangements. The Member Countries of the Coordination System are calling for changes to the CPS pension scheme that was closed 17 years ago. This could involve raising the age of pension entitlement; adjusting pensions to inflation and not to salaries; and removing entitlement to the education allowance for pensioners. The OECD staff association and

A new report from the Committee on Workers' Capital reveals the obscure way in which many fund managers charge costs to pension funds. It makes suggestions and provides guidance on how these costs can be made public and how this contributes to better pension fund performance and ultimately to higher pay-outs.

The European Trade Union Confederation (ETUC) says that the proposals for Pan-European Personal Pensions (PEPP) should include stronger protection for workers' savings. The ETUC welcomed some improvements voted through by the European Parliament related to regulation and preferential treatment of schemes with good governance. However, it underlined that initiatives like PEPP should not be used to undermine collective and publicly-provided pension schemes which need to be maintained and strengthened.

The European Commission has published its annual review of Employment and Social Developments which has a focus on intergenerational issues. The review notes the slow decline in unemployment but underlines that there remain major problems in some countries around youth unemployment while young workers in employment are more likely to face precarious employment conditions. At the other end of the age spectrum the Commission continues to focus on trends to higher effective retirement ages and the need, as it sees it, to increase retirement ages.

(May 2017) The revised labour code has been a major issue of debate in Lithuania for the last three years. The ETUI research organisation has just published a an update on this and other labour market, industral relations and pensions developments in the country. This is part of the ETUI's Reform Watch website covering all EU Member States.

(January 2017) The European Trade Union Institute has launched a new online service that will monitor developments in labour markets, pension reforms and strike activities as well as changes to legislation on industrial action. The Reforms Watch information service includes country files and will be updated through regular news reports. This is also linked to existing information on collective bargaining and industrial relations.