Today, April 15, the European Parliament adopted the compromise reached with the Council of EU Ministers on the draft directive improving the acquisition and preservation of supplementary pension rights. The new law aims to limit obstacles to the free movement of workers, by supervising the conditions for the acquisition of supplementary pension rights (duration of internship clauses or acquisition of entry rights to the system), and by ensuring the preservation of vested pension rights, or where appropriate guaranteeing portability. The Council still needs to formally adopt this text in the coming weeks. The Member States will have 4 years to transpose the law.
Encourage mobility within Europe. By adopting this text, European institutions are putting an end to nearly a decade of deadlock on an initiatives that originally aimed to ensure the portability of pension rights vested via occupational pension schemes, not only in case of intra-Community migrations but also in case of mobility from one company to another in the same country. In line with a European policy aiming to develop this new pillar as a way to ensure the durability of pension schemes,
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