France -Reports raise alarm on private pensions -December 18, 2014

In a short period of time two reports have pointed to a funding crisis in the pension system. The Cour des Comptes state audit body raised the alarm on private pensions, followed by a report from the pension watchdog COR that monitors the system's evolution.

In a short period of time two reports have pointed to a funding crisis in the pension system. The Cour des Comptes state audit body raised the alarm on private pensions, followed by a report from the pension watchdog COR that monitors the system's evolution. The Cour des Comptes state audit body concludes that the shortfall in the system of private-sector supplementary pension provision risks growing faster than forecasted. The audit body reveals that the initiatives taken by the social partners have contributed to important reserves that could be acquired between 1998 and 2008. However, the sustainable growth of the funds has been obstructed since the crisis started.  

English: http://uk.reuters.com/article/2014/12/15/uk-france-deficit-pensions ...    

French: https://www.ccomptes.fr/Actualites/A-la-une/Garantir-l-avenir-des-retraites ...   

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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