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.
Latest employment analysis from the European Commission
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Government proposals to reform the pension system have yet to convince the three main trade union confederations – the ACV/CSC, ABVV/FGTB and ACLVB/CGSLB. While they welcome achieving the aim of a minimum pension of €1500 (monthly amount will reach €1630 by 1 January 2024), they are concerned about the tougher rules applying to the 20 years of work required to achieve the minimum and the fact that periods of unemployment will not be taken into account. With the plan to increase the retirement age to 67 by 2030, the unions are also disappointed that there are no proposals on early retirement or
As reported in epsucob@NEWS 05 in March, community employment advisors are campaigning to secure pension rights that should have been provided for them 11 years ago following a decision by the Labour Court. With no action from the government the workers are now planning five days of strike action to increase the pressure on the government to resolve the dispute.
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.