The European Commission has proposed a package of measures to help citizens secure adequate retirement income by improving access to better and more effective supplementary pensions. The package also includes the long-awaited proposal to amend the Directive on Institutions for Occupational Pension Provision (IORP) II. Pensio Plus has issued a position on the proposed changes to IORP II. Their main concerns are: lack of proportionality in the proposal; the directive no longer represents minimum harmonisation; the revision does not lower burdens and costs, and the proposed changes conflict with national social and labor law and fail to respect the role of social partners. The revision would, however, introduce some improvements for cross-border activities and transfers. The package signals continued EU-level pension reform discussion and governance updates, highlighting tensions between unified EU standards and national social dialogue. The stance by Pensio Plus emphasises potential burdens and regulatory conflicts, while acknowledging some cross-border improvements.
The European Commission proposes amendments to IORP II to improve pension adequacy, while Pensio Plus voices concerns about proportionality, harmonisation, and burden-sharing, though noting some cross-border improvements. The discussion indicates ongoing EU-level reform efforts without a final decision yet.