Text · Opinion parliamentary committee
Proposal for a Directive of the European Parliament and of the Council amending Directives (EU) 2016/2341 and 2016/97 as regards the strengthening of the framework for occupational retirement provision
Full title
Proposal for a Directive of the European Parliament and of the Council amending Directives (EU) 2016/2341 and 2016/97 as regards the strengthening of the framework for occupational retirement provision
Document EMPL-AD-787878 · COM(2025)0842 – C10-0306/2025 – 2025/0362(COD)
- Kind
- Opinion parliamentary committee EMPL-AD-787878
- Date
- 6 August 2026
- Committee
- Committee on Employment and Social Affairs
- Rapporteur
- Estelle Ceulemans
- Dossier
- 2025-0362
More facts (3)
- Formats
- Official page PDF Word
- Subject matter
- LES, SOCI
- Reference
- COM(2025)0842 – C10-0306/2025 – 2025/0362(COD)
In short
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The Committee on Employment and Social Affairs gives its opinion on the proposed directive amending Directives (EU) 2016/2341 and 2016/97 on occupational retirement provision. It recalls that strong public pension systems hold the primary responsibility for adequate retirement income, with occupational pensions only complementary. It finds that the IORP II framework improved governance, transparency and cross-border activity, but that fragmentation and uneven access persist. It asks for better risk management, supervisory convergence, protection of members and beneficiaries, and clear information to scheme members. It wants environmental, social and governance factors integrated into pension fund management, and cross-border activity that does not lower social standards.
Position. The committee's rapporteur proposes to build on the current framework while addressing its shortcomings from a social perspective, strengthening IORPs' effectiveness and resilience without letting them substitute strong public pension systems.
Key points
- The rapporteur states that primary responsibility for adequate and sustainable retirement income lies with strong public pension systems (Pillar 1).
- Occupational pensions may play a complementary role but must not replace or weaken public schemes.
- The existing framework, notably the IORP II Directive, has improved governance, transparency and cross-border activity.
- Differences in national pension systems, regulatory fragmentation and limited cross-border participation still hinder occupational schemes.
- Access to occupational schemes remains uneven, often excluding lower-income workers, those in precarious employment and many women.
- The report aims to strengthen the effectiveness and resilience of IORPs while keeping their development consistent with broader social objectives.
- Any further harmonisation must fully respect Member States' competences and diverse social models.
- The report gives particular attention to improving risk management, enhancing supervisory convergence and ensuring a high level of protection for members and beneficiaries, with emphasis on safeguarding workers' rights.
- Clear, accessible and comparable information to scheme members is essential for informed decisions, protection from undue financial risks and trust in pension systems.
- The integration of environmental, social and governance (ESG) factors should contribute to long-term stability and support the Union's social and environmental objectives, including a just transition.
- Facilitating cross-border activity for IORPs must not lead to regulatory competition or a lowering of social standards.
- Protection of beneficiaries, respect for collective bargaining and preservation of national social systems must remain paramount.
Who is affected
- Institutions for Occupational Retirement Provision (IORPs) in the European Union, whose functioning and development the report addresses.
- Scheme members and beneficiaries, for whom a high level of protection and clear information are sought.
- Lower-income workers, those in precarious employment and many women, who are often excluded from occupational schemes.
- Member States, whose competences and diverse social models must be fully respected in any further harmonisation.
Text
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Short justification
This report addresses the functioning and further development of Institutions for Occupational Retirement Provision (IORPs) within the European Union. In the context of demographic change, increasing life expectancy, and growing pressure on pension systems, the rapporteur recalls that the primary responsibility for ensuring adequate and sustainable retirement income lies with strong public pension systems (Pillar 1), which remain the cornerstone of social protection and solidarity in the Union. Occupational pensions may play a complementary role, but they must not replace or weaken public schemes.
The rapporteur considers that the existing framework, notably under the IORP II Directive, has contributed to improving governance, transparency, and cross-border activity. However, important challenges remain. Differences in national pension systems, regulatory fragmentation, and limited cross-border participation continue to hinder the functioning of occupational schemes. At the same time, access to such schemes remains uneven, often excluding lower-income workers, those in precarious employment, and many women, thereby risking the reinforcement of existing social inequalities.
This report therefore aims to strengthen the effectiveness and resilience of IORPs while ensuring that their development remains consistent with broader social objectives. Any further harmonisation must fully respect Member States’ competences and diverse social models. Particular attention is given to improving risk management, enhancing supervisory convergence, and ensuring a high level of protection for members and beneficiaries, with a strong emphasis on safeguarding workers’ rights.
Furthermore, the report highlights the importance of transparency and communication towards scheme members. Clear, accessible, and comparable information is essential not only to enable informed decisions, but also to protect individuals from undue financial risks and to strengthen trust in pension systems as a whole.
The rapporteur also emphasises the growing role of sustainability considerations in pension fund management. The integration of environmental, social, and governance (ESG) factors should contribute to long-term stability while supporting the Union’s social and environmental objectives, including a just transition that leaves no one behind.
In addition, while facilitating cross-border activity for IORPs may bring certain efficiencies, this must not lead to regulatory competition or a lowering of social standards. The protection of beneficiaries, respect for collective bargaining, and the preservation of national social systems must remain paramount.
Back matter, 2
Parts that accompany the text rather than belong to it: explanatory statement, annexes, opinions appended by other committees. Collapsed.
Amendments 333 blocks
The Committee on Employment and Social Affairs submits the following to the Committee on Economic and Monetary Affairs, as the committee responsible :
| Text proposed by the Commission | Amendment |
|---|---|
| (1) In view of the ageing population of the European Union and the rising dependency ratio, strengthening complementary sources of retirement income has become indispensable to preserve intergenerational solidarity, social cohesion and the long-term stability of pension systems across the Union. | (1) It is essential to ensure that all people in the Union can rely on adequate, safe and sustainable pension systems that guarantee a decent standard of living in old age. The right of workers to an adequate pension, however, is challenged by the population ageing in the European Union, the rising dependency ratio, long-term unemployment, uninsured and undeclared work, as well as the increase in flexible and atypical forms of employment. These phenomena undermine intergenerational solidarity, social cohesion and the long-term stability of pension systems across the Union. |
| (1a) The development of supplementary pension arrangements through IORPs should not adversely affect the adequacy of retirement income or the role and capacity of public pension in preventing old age poverty and ensuring a life in dignity but rather support the overall sustainability and resilience of pension systems in line with Principle 15 of the European Pillar of Social Rights. | |
| (1b) Public statutory pension schemes remain the cornerstone of pension systems in the Union and play a fundamental role in preventing old-age poverty. At the same time, complementary sources of retirement income, such as occupation pension schemes, can contribute to ensuring adequate, safe and sustainable retirement provisions and supporting the resilience of pension systems. In 2023, however, 83% of pensioners had no other pension than a statutory one1a. Moreover, current occupational pension schemes disproportionally benefit higher-income groups and workers with stable careers, while women, lower-income groups, people in non-standard or precarious employment, and workers with interrupted careers often have limited access. As the schemes are linked to employment, they can also reinforce labour market fragmentation and inequalities between and within sectors and companies. | |
| 1a European Commission; https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52025SC0367&qid=1763971481746 |
| Text proposed by the Commission | Amendment |
|---|---|
| (1a) In the Union, the gender pension gap decreased from 34% in 2010 to 29% in 20191a and stood at 25% in 20241b. The gap is due to more frequently interrupted careers of women, lower wages and lower access to occupational pension schemes, which exacerbates inequalities. However, there is only limited union-wide data available as regards the gender pension gaps when it comes to occupational and private pension schemes. Nevertheless, research in some Members States suggests a larger pension gender gap in occupational and private pension schemes than in public ones1c. The Commission, in cooperation with the Member States, should make efforts to improve the statistical data basis in this regard as it is an important precondition to closing the gender pension gap. | |
| 1a Eurostat: https://ec.europa.eu/eurostat/web/products-eurostat-news/-/ddn-20210203-1 | |
| 1b Eurostat: https://ec.europa.eu/eurostat/web/products-eurostat-news/w/ddn-20260225-1 | |
| 1c In Germany, Sweden, the Netherlands: Institute of Labour Economics, Exposing the Gap: Gender Inequality in Occupational Pension Coverage and Income Across Europe, in Denmark, Statistics Denmark, Gender equality - Statistics Denmark, and in Spain, Closingap Report, https://closingap.com/en/sin-categorizar/the-gender-gap-in-savings-and-pensions-costs-the-spanish-economy-28-5-billion-euros-and-half-a-million-jobs-per-year/ |
| Text proposed by the Commission | Amendment |
|---|---|
| (2) While the organisation of pension systems remains a national competence, the adequacy and financial sustainability of pensions are of common concern for the stability and cohesion of the Union. Ensuring that citizens have access to well-designed personal pension products contributes both to individual financial security and to the resilience of the Union’s economy. | (2) In accordance with Article 153 TFEU the definition of fundamental principles of national social security systems is primarily the competence of Member States. This includes the organisation of pension systems and related taxation and labour law matters. While the organisation of pension systems remains a national competence, the adequacy and financial sustainability of pensions are a matter of common concern for the Union. Union action should therefore fully respect the principle of subsidiarity and support Member States in ensuring adequate pensions without compromising national pension systems. It should also respect the role and autonomy of social partners regarding the development of occupational pension schemes through collective agreements. |
| Text proposed by the Commission | Amendment |
|---|---|
| (2a) Without prejudice to Member State competences, Union-level coordination, including the exchange of best practices and the development of common communication tools, can contribute to improving awareness and understanding of pension arrangements across the Union. Union standards relating to value for money, transparency or governance should constitute minimum standards and not prevent Member States from maintaining or introducing more stringent measures to protect the interest of members and beneficiaries. |
| Text proposed by the Commission | Amendment |
|---|---|
| (2b) Pension tracking systems should provide a comprehensive overview of accrued retirement entitlements across statutory, occupational and personal pension schemes, with a clear distinction between guaranteed and non-guaranteed elements and transparent information on administrative costs. |
| Text proposed by the Commission | Amendment |
|---|---|
| (2c) Member States, in consultation with social partners, should take measures aimed at improving occupational pension coverage for workers with fragmented or discontinuous careers, including through the portability of pension entitlements, the preservation of rights and simplified participation mechanisms. |
| Text proposed by the Commission | Amendment |
|---|---|
| (3) Despite being among the world’s highest savers, Union households still hold a large share of their financial wealth in short-term bank deposits with limited returns. Developing attractive occupational and personal pension products can help mobilise those savings for long-term investment, generating higher returns for savers and channelling capital towards productive uses that support growth, innovation and the green and digital transitions. | (3) Developing attractive occupational pension products can help mobilise savings for long-term investment, generating returns for savers and supporting growth, innovation and the green and digital transitions which can bring additional positive benefits to savers by improving the overall economic situation. However, the primary objective of occupational pension systems should remain the provision of stable and adequate retirement income for members and beneficiaries, in full respect of the prudent person rule and in view of the protection of pension rights. |
| Text proposed by the Commission | Amendment |
|---|---|
| (3a) In accordance with Principle 2 of the European Pillar of Social Rights, this Directive contributes to the equality between women and men, in particular by addressing the gender pension gap. Member States, in close cooperation with social partners, should develop targeted polies in this area and implement existing rules, such as the Pay Transparency Directive. Demographic change, low birth rates and population ageing represent long-term challenges for pension adequacy and sustainability, requiring complementary policies supporting inter alia the participation of women in the labour market, better childcare and care services, quality job creation and intergenerational solidarity. |
| Text proposed by the Commission | Amendment |
|---|---|
| (3b) Member States may consider tax incentives in order to support occupational pension schemes designed by social partners and established on the basis of collective agreements. |
| Text proposed by the Commission | Amendment |
|---|---|
| (4) Appropriate regulation and supervision at Union and national level remain important for the development of safe and secure occupational retirement provision across all Member States. Directive (EU) 2016/2341 of the European Parliament and of the Council3 has contributed to a more harmonised prudential framework for institutions for occupational retirement provision (IORPs). However, the supplementary pension sector remains underdeveloped in many Member States, which could jeopardise the financial security of citizens, in particular in light of ongoing demographic trends within the Union. As part of strong multi-pillar pension systems, developed in dialogue with social partners, it is essential to support the further uptake of supplementary pensions such as IORPs and to help deliver better outcomes for long-term savers. This requires policy action both at national and at Union level. | (4) Appropriate regulation and supervision at Union and national level remain important for the development of safe and secure occupational retirement provision across all Member States. Directive (EU) 2016/2341 of the European Parliament and of the Council3 has contributed to a more harmonised prudential framework for institutions for occupational retirement provision (IORPs). However, the supplementary pension sector remains underdeveloped in many Member States, which could jeopardise the financial security of citizens, in particular in light of ongoing demographic trends within the Union. As part of strong multi-pillar pension systems, developed in dialogue with social partners, it is essential to support the further uptake of supplementary pensions such as IORPs and to help deliver better outcomes for long-term savers. This requires policy action both at national and at Union level. All policy interventions should take into account the social purpose of occupational pension schemes. Their aim is to guarantee adequate retirement provision, with occupational pension schemes being offered as a social benefit for employees. |
| 3 Directive (EU) 2016/2341 of the European Parliament and of the Council of 14 December 2016 on the activities and supervision of institutions for occupational retirement provision (IORPs) (recast) (OJ L 354, 23.12.2016, p. 37, ELI: http://data.europa.eu/eli/dir/2016/2341/oj). | 3 Directive (EU) 2016/2341 of the European Parliament and of the Council of 14 December 2016 on the activities and supervision of institutions for occupational retirement provision (IORPs) (recast) (OJ L 354, 23.12.2016, p. 37, ELI: http://data.europa.eu/eli/dir/2016/2341/oj). |
| Text proposed by the Commission | Amendment |
|---|---|
| (5) The Savings and Investments Union (SIU) announced by the Commission in its Communication of 19 March 20154 aims to enable citizens to save and invest for their future, channel investments towards the priorities of the Union, deepen integration and scale in the Union’s capital markets, and ensure effective supervision across the single market. Among those four strands, helping citizens save and invest for their future is at the heart of the SIU’s ambition. Ensuring that Union citizens can build adequate retirement income is one of the most concrete ways in which the Union can make a difference in people’s lives. The work on supplementary pensions, and in particular on occupational pensions, embodies this citizen-centred approach. | (5) The Savings and Investments Union (SIU) announced by the Commission in its Communication of 19 March 20154 aims to enable citizens to save and invest for their future, channel investments towards the priorities of the Union, deepen integration and scale in the Union’s capital markets, and ensure effective supervision across the single market. Among those four strands, helping citizens save and invest for their future is at the heart of the SIU’s ambition. While supporting the development of the Capital Markets Union, this Directive should not undermine the primary objective of ensuring adequate, safe and sustainable retirement income for members and beneficiaries. The development of capital markets should not lead to an excessive financialisation of pension systems. Occupational pension schemes should be managed with a long-term perspective, rather than maximising short-term financial returns. |
| 4 Communication from the Commission to the European Parliament, the European Council, the Council, the European Central Bank, the European Economic and Social Committee and the Committee of the Regions of 19 March 2025, COM(2025) 124 final. | 4 Communication from the Commission to the European Parliament, the European Council, the Council, the European Central Bank, the European Economic and Social Committee and the Committee of the Regions of 19 March 2025, COM(2025) 124 final. |
| Text proposed by the Commission | Amendment |
|---|---|
| (6) With approximately three trillion euros in assets under management, institutions for occupational retirement provision (‘IORPs’) play an essential role in the Union’s financial system but tend to be less active in listed equity, private equity, venture capital and infrastructure markets. Provided that investments in equity and alternative asset classes are prudently managed, such investments can be a valuable component of their portfolios, offering diversification, higher long-term returns for pension savers and protection against inflation, while also providing crucial funding for the real economy. It is therefore important to ensure that there are no undue regulatory barriers to such investments. | (6) With approximately three trillion euros in assets under management, institutions for occupational retirement provision (‘IORPs’) play an essential role in the Union’s financial system but tend to be less active in listed equity, private equity, venture capital and infrastructure markets. Provided that investments in equity and alternative asset classes are prudently managed , such investments can be part of the diversification of portfolios and thus be a valuable component of the objective of higher long-term returns for pension savers and protection against inflation, with the secondary benefit of providing crucial funding for the real economy. Such investments should be carried out in a manner consistent with the prudent person rule, taking into account the long-term nature of pension liabilities and the need to preserve members’ and beneficiaries’ capital. The investments should remain subject to robust monitoring by competent authorities and social partners. Occupational pension funds should not be exposed to excessive or disproportionate market, liquidity or valuation risks. It is therefore important to ensure that appropriate regulatory safeguards are in place and that the regulatory framework allows the use of such investments only in the pursuit of the long-term interests of members and beneficiaries. |
| Text proposed by the Commission | Amendment |
|---|---|
| (7) The review of Directive (EU) 2016/2341 builds on the European Insurance and Occupational Pensions Authority (EIOPA)’s 2023 technical advice for the review of the IORP II Directive5 and its 2025 ‘technical input on the review of the IORP II Directive and the PEPP Regulation in the context of the Savings and Investments Union’6 . It also takes into account recent findings and recommendations from the Special Report 14/2025 of the European Court of Auditors concerning the development of supplementary pensions in the Union7 , as well as the OECD Core Principles of Private Pension Regulation8 , which set out internationally recognised standards for the governance, transparency and supervision of occupational pensions. | (7) Given the intertwined roles of statutory first-pillar pensions schemes and supplementary schemes, the Commission should set up a European Pension Forum ('Forum') to monitor pension policies on an annual basis. The Forum should involve competent authorities of the Member States, social partners, relevant financial stakeholders and civil society organisations. The review of Directive (EU) 2016/2341 builds on the European Insurance and Occupational Pensions Authority (EIOPA)’s 2023 technical advice for the review of the IORP II Directive5 and its 2025 ‘technical input on the review of the IORP II Directive and the PEPP Regulation in the context of the Savings and Investments Union’6. It takes note of recent findings and recommendations from the Special Report 14/2025 of the European Court of Auditors concerning the development of supplementary pensions in the Union7, which highlighted that the limited success of Directive (EU) 2016/2341 stems from differences in applicable national labour and social law that cannot be solved at Union level. It also takes into account the OECD Core Principles of Private Pension Regulation8, which set out internationally recognised standards for the governance, transparency and supervision of occupational pensions. However, the review is not limited to financial market aspects but also assess the social dimension of occupational pension provision, including adequacy, coverage, inequalities and the role of social partners. |
| 5 See EIOPA’s Technical advice for the review of the IORP II Directive | 5 See EIOPA’s Technical advice for the review of the IORP II Directive |
| 6 See EIOPA’s Technical input for the reviews of the IORP II Directive and the PEPP Regulation in the context of the Savings and Investments Union. | 6 See EIOPA’s Technical input for the reviews of the IORP II Directive and the PEPP Regulation in the context of the Savings and Investments Union. |
| 7 See the Special report 14/2025 of the European Court of Auditors | 7 See the Special report 14/2025 of the European Court of Auditors |
| 8 See OECD Core Principles of Private Pension Regulation | 8 See OECD Core Principles of Private Pension Regulation |
| Text proposed by the Commission | Amendment |
|---|---|
| (8) Achieving sufficient scale is often a prerequisite for the efficient and sustainable functioning of IORPs. Smaller IORPs may face higher administrative and investment costs, limited diversification, and difficulties in attracting or retaining the necessary professional expertise. Greater scale can help mitigate those constraints by improving risk pooling, governance capacity, and access to a broader range of investment opportunities, thereby contributing to more stable and cost-effective outcomes for members and beneficiaries. | (8) Achieving sufficient scale is often a prerequisite for the efficient and sustainable functioning of IORPs. Smaller IORPs may face higher administrative and investment costs, limited diversification, and difficulties in attracting or retaining the necessary professional expertise. Greater scale can help mitigate those constraints by improving risk pooling, governance capacity, and access to a broader range of investment opportunities, thereby contributing to more stable and cost-effective outcomes for members and beneficiaries, which should be done without undermining the role of smaller IORPs. Measures designed to achieve economies of scale should not lead to excessive market concentration. |
| Text proposed by the Commission | Amendment |
|---|---|
| (15) The organisation of occupational retirement provision may benefit from greater flexibility in how IORPs structure and manage pension schemes and sponsorship arrangements. Therefore, Member States should ensure that IORPs are allowed to operate different pension schemes, including those with distinct investment policies, and to accept sponsorship from multiple sponsoring undertakings, including within the same pension scheme. That flexibility can facilitate the achievement of greater scale, thereby enhancing cost efficiency, risk diversification and governance capacity, to the benefit of members and beneficiaries. | (15) The organisation of occupational retirement provision may benefit from greater flexibility in how IORPs structure and manage pension schemes and sponsorship arrangements. Therefore, Member States should ensure that IORPs are allowed to operate different pension schemes, including those with distinct investment policies, and to accept sponsorship from multiple sponsoring undertakings, including within the same pension scheme. That flexibility can facilitate the achievement of greater scale, thereby enhancing cost efficiency, risk diversification and governance capacity, to the benefit of members and beneficiaries. Such flexibility should, however, not affect the transferability of pension rights or the continuity of coverage for workers, notably in the case of mobility or career breaks. With a view to preventing gaps in pension coverage, there should be a particular focus on workers with fragmented careers, periods of inactivity and non-linear career paths. |
| Text proposed by the Commission | Amendment |
|---|---|
| (15a) Measures designed to improve the efficiency and uptake of occupational pension schemes should encourage SMEs and their workers to participate in such schemes. |
| Text proposed by the Commission | Amendment |
|---|---|
| (20) The rules governing collective transfers of all or part of a pension scheme’s liabilities, technical provisions, and other obligations and rights play a key role in supporting consolidation and the achievement of scale in occupational retirement provision. Where such rules are overly strict, they create undue obstacles to achieving scale and facilitating consolidation, which can be detrimental to the long-term interests of savers. At the same time, it is important that members and beneficiaries, or their representatives, can effectively express their views on proposed cross-border transfers. To facilitate such transfers, it is therefore appropriate to clarify and simplify the applicable Union rules, ensuring that procedures remain transparent, proportionate and consistent with the protection of members and beneficiaries, while enabling greater efficiency and integration in the internal market. This should include provisions for timely notification, approval by the sponsoring undertaking where applicable, and the possibility for members and beneficiaries to formally express opposition. | (20) The rules governing collective transfers of all or part of a pension scheme’s liabilities, technical provisions, and other obligations and rights play a key role in supporting consolidation and the achievement of scale in occupational retirement provision. Where such rules are overly strict, they create undue obstacles to achieving scale and facilitating consolidation, which can be detrimental to the long-term interests of savers. At the same time, it is important that members and beneficiaries, or their representatives, are duly properly informed and fully involved, can effectively express their views on proposed cross-border transfers, and have sufficient time to assess the related implications. To facilitate such transfers, it is therefore appropriate to clarify and simplify the applicable Union rules, ensuring that procedures remain transparent, proportionate and consistent with the protection of members and beneficiaries, while enabling greater efficiency and integration in the internal market. This should include provisions for timely notification, approval by the sponsoring undertaking where applicable, and the possibility for members and beneficiaries to submit comments and be given an appropriate response or to formally express opposition. |
| Text proposed by the Commission | Amendment |
|---|---|
| (20a) Member States should ensure that IORPs take all necessary measures to reach a broad participation of members and beneficiaries for the approval of a cross-border transfer of all or a part of pension scheme liabilities, technical provisions, and other obligation rights. Such measures should include sufficient notice and prior information as part of the approval process. |
| Text proposed by the Commission | Amendment |
|---|---|
| (22) Member States have the option to allow temporary underfunding of occupational pension schemes. Different Member States have implemented that option in varying ways, while others have chosen not to use it, resulting in inconsistencies that may affect the protection of members and beneficiaries. While preventing underfunding is important, an absolute prohibition could, in some cases, force abrupt reductions in pension promises, which may be detrimental to members and beneficiaries. To ensure a balanced and proportionate approach and an adequate protection of members and beneficiaries, Member States should allow temporary underfunding for a limited period, determined by national law, which in any case should not exceed ten years. | (22) Member States have the option to allow temporary underfunding of occupational pension schemes. Different Member States have implemented that option in varying ways, while others have chosen not to use it, resulting in inconsistencies that may affect the protection of members and beneficiaries. While preventing underfunding is important, an absolute prohibition could, in some cases, force abrupt reductions in pension promises, which may be detrimental to members and beneficiaries. To ensure a balanced and proportionate approach and an adequate protection of members and beneficiaries, Member States should allow temporary underfunding for a limited period, determined by national law, which in any case should not exceed ten years. Temporary underfunding should only be allowed in exceptional, duly justified circumstances and should be subject to strict safeguards, including credible rebalancing plans and measures to protect the interests of members and beneficiaries. |
| Text proposed by the Commission | Amendment |
|---|---|
| (29) In line with the OECD Core Principles of Private Pension Regulation and their Implementing Guidelines, it is appropriate to further strengthen the requirements of the statement of investment policy principles by ensuring that it sets out clear investment objectives consistent with each scheme’s retirement income goal, liabilities and risk tolerance, defines performance objectives and monitoring methods, and addresses the use of complex or alternative asset classes and related counterparty risk. Where members may choose investments, the statement should also provide for an appropriate range of options, including a default one. | (29) In line with the OECD Core Principles of Private Pension Regulation and their Implementing Guidelines, it is appropriate to further strengthen the requirements of the statement of investment policy principles by ensuring that it sets out clear investment objectives consistent with each scheme’s retirement income goal, including a clear and understandable estimation of the retirement income members can expect to accrue, as well as liabilities and risk tolerance, defines performance objectives and monitoring methods, and addresses the use of complex or alternative asset classes and related counterparty risk. Where members may choose investments, the statement should also provide for an appropriate range of options, including a default one. |
| Text proposed by the Commission | Amendment |
|---|---|
| (32a) Transparency requirements are essential to allow members and beneficiaries to take informed decisions regarding their occupational pension. Excessively complex or technical disclosures could, however, limit the effective use of such information. Information requirements should therefore be proportionate and the provided information easy to comprehend for all, including for persons with special needs. |
| Text proposed by the Commission | Amendment |
|---|---|
| (36) The shift from defined benefit pension schemes to defined contribution pension schemes places greater financial risk on members and beneficiaries, as variable benefits replace previously guaranteed benefits. Members and beneficiaries are often faced with complex choices regarding benefits or investments, and their ability to make appropriate decisions can be impaired by information asymmetries, limited knowledge or understanding, behavioural biases, or complex and inadequate choice environments. Combining multiple choices further increases the difficulty for members and beneficiaries to assess the potential effects of their decisions. IORPs play a key role in safeguarding the long-term interests of members and beneficiaries through prudent management of assets and sound governance. To strengthen confidence in the system and ensure that investment decisions remain aligned with members’ best interests, fiduciary duties relating to risk management and investment policy should be reinforced. To enhance protection and ensure that pension schemes deliver outcomes that members and beneficiaries might reasonably expect, IORPs should be subject to a general duty of care. Such duty should require institutions to act honestly, fairly, and professionally in the best interests of members and beneficiaries, to seek adequate, risk-adjusted and cost-efficient returns over the long term, and to provide guidance and safeguards to support informed and suitable decision-making, taking into account the nature of the pension scheme, the risks borne by members and beneficiaries, the responsibilities of the institution, and, where relevant, the role of social partners and sponsors. | (36) The shift from defined benefit pension schemes to defined contribution pension schemes places greater financial risk on members and beneficiaries, as variable benefits replace previously guaranteed benefits. Members and beneficiaries are often faced with complex choices regarding benefits or investments, and their ability to make appropriate decisions can be impaired by information asymmetries, limited knowledge or understanding, behavioural biases, or complex and inadequate choice environments. Combining multiple choices further increases the difficulty for members and beneficiaries to assess the potential effects of their decisions. IORPs play a key role in safeguarding the long-term interests of members and beneficiaries through prudent management of assets and sound governance. To strengthen confidence in the system and ensure that investment decisions remain aligned with members’ best interests, fiduciary duties relating to risk management and investment policy should be reinforced. To enhance protection and ensure that pension schemes deliver outcomes that members and beneficiaries might reasonably expect, IORPs should be subject to a general duty of care. Such duty should require institutions to act honestly, fairly, and professionally in the best interests of members and beneficiaries, to seek adequate, risk-adjusted and cost-efficient returns over the long term, and to provide guidance and safeguards to support informed and suitable decision-making, taking into account the nature of the pension scheme, the risks borne by members and beneficiaries, the responsibilities of the institution, and, where relevant, the role of social partners and sponsors. Such duty should not give rise to the adoption of uniform investment advice or management practices that unduly restrict members’ freedom of choice or the flexibility of national systems. |
| Text proposed by the Commission | Amendment |
|---|---|
| (43a) Financial literacy is crucial so that workers and members can make informed decisions about their pensions. The Commission and the Member States should support capacity building measures to improve the financial literacy of social partners and workers regarding occupational pension schemes and IORPs. |
| Text proposed by the Commission | Amendment |
|---|---|
| Member States shall ensure that national auto-enrolment systems are governed within the framework of collective agreements. |
| Text proposed by the Commission | Amendment |
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| Member States shall ensure that IORPs are allowed to operate different pension schemes, including those with different investment policies, and to accept sponsorship from multiple sponsoring undertakings within the same pension scheme. | Without prejudice to the autonomy of social partners, Member States shall ensure that IORPs are allowed to operate different pension schemes, including those with different investment policies, and to accept sponsorship from multiple sponsoring undertakings, including SMEs, within the same pension scheme. |
| Text proposed by the Commission | Amendment |
|---|---|
| 3. EIOPA shall issue guidelines, in accordance with Article 16 of Regulation (EU) No 1094/2010, on the prudential assessment to be carried out as part of the authorisation of IORPs, as well as on the requirements laid down in Titles II and III.; | 3. EIOPA shall issue guidelines, in accordance with Article 16 of Regulation (EU) No 1094/2010, on the prudential assessment to be carried out as part of the authorisation of IORPs, as well as on the requirements laid down in Titles II and III. The guidelines shall respect national competences and take into account the specific features of national pension systems and industrial relations systems; |
| Text proposed by the Commission | Amendment |
|---|---|
| Member States may provide that, for a transfer to be approved, a participation threshold of up to 25 % of the members and beneficiaries concerned shall be reached.; | Member States shall ensure that transfers are approved with broad participation of members and beneficiaries; |
| Text proposed by the Commission | Amendment |
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| 1. Member States shall require IORPs authorised in their territory to invest in accordance with the prudent person principle and in particular in accordance with the following rules:; | 1. Member States shall require IORPs authorised in their territory to invest in accordance with the prudent person rule and in particular in accordance with the following rules; |
| Text proposed by the Commission | Amendment |
|---|---|
| (b) within the prudent person principle, IORPs shall take into account sustainability risks, as defined in Article 2, point (22), of Regulation (EU) 2019/2088 of the European Parliament and of the Council\* in their investment decisions and for that purpose, IORPs shall take into account the potential long-term impact of their investment strategy and decisions on sustainability factors, as defined in Article 2, point (24), of Regulation (EU) 2019/2088. That shall be done in a proportionate manner, taking into account the nature, scale and complexity of the activities of IORPs.; | (b) within the prudent person rule, IORPs shall take into account sustainability risks, as defined in Article 2, point (22), of Regulation (EU) 2019/2088 of the European Parliament and of the Council\* in their investment decisions and for that purpose, IORPs shall take into account the potential long-term impact of their investment strategy and decisions on sustainability factors, as defined in Article 2, point (24), of Regulation (EU) 2019/2088. That shall be done in a proportionate manner, taking into account the nature, scale and complexity of the activities of IORPs; |
| Text proposed by the Commission | Amendment |
|---|---|
| (22a) in Article 19, paragraph 1, point a) is replaced by the following: '(a) the assets shall be invested in the best long-term interests of members and beneficiaries as a whole; (aa) changes to multi-annual investment strategies shall be approved by the board or other governing bodies in which members and beneficiaries of statutory occupational pension institutions, including IORPs for the self-employed, are represented, either directly or through representatives elected or appointed by the social partners; (ab) IORPs shall determine members’ and beneficiaries’ investment preferences, and inform members and beneficiaries about major investment lines, including those involving ESG criteria.'; |
| Text proposed by the Commission | Amendment |
|---|---|
| (ba) In Article 19, paragraph 1, the following points are inserted: '(ba) IORPs shall ensure that the selection of investment managers and investment mandates takes into account the prudent person rule and the interests of members and beneficiaries, .'; |
| Text proposed by the Commission | Amendment |
|---|---|
| (c) investing in instruments that have a long-term investment horizon and are not traded on regulated markets, MTFs or OTFs; | (c) investing in instruments that have a long-term investment horizon and are not traded on regulated markets, MTFs or OTFs, provided that such instruments are consistent with the risk profile of members and beneficiaries and protect their long-term interests; |
| Text proposed by the Commission | Amendment |
|---|---|
| (aa) Where an IORP is provided as part of a collective agreement, the representation of social partners in the management or supervisory body shall be in accordance with such agreement. |
| Text proposed by the Commission | Amendment |
|---|---|
| 3a. IORPs that are jointly managed by representatives of employers and employees are excluded from the requirement of establishing and applying written policies in relation to remuneration where those are determined in founding collective agreements. |
| Text proposed by the Commission | Amendment |
|---|---|
| (iv) for the administrative, management or supervisory bodies, this means that the qualifications, knowledge and experience of their members are collectively adequate to enable them to perform their duties; | (iv) for the administrative, management or supervisory bodies, this means that the qualifications, knowledge and experience of their members are collectively adequate to enable them to perform their duties and to ensure a sound and prudent management of the IORP; |
| Text proposed by the Commission | Amendment |
|---|---|
| IORPs shall develop and monitor the implementation of risk plans that include quantifiable targets and processes to monitor and address any risks related to the ESG criteria, with particular regard to their potential impact on the adequacy and stability of members’ and beneficiaries’ retirement income. |
| Text proposed by the Commission | Amendment |
|---|---|
| (i) an assessment of how the risks to which the IORP is or could be exposed compare to the risk tolerance limits approved by the administrative, management or supervisory body of the IORP; | (i) an assessment of how the risks to which the IORP is or could be exposed compare to the risk tolerance limits approved by the administrative, management or supervisory body of the IORP, with particular regard to the potential impact on the adequacy and stability of members’ and beneficiaries’ retirement income; |
| Text proposed by the Commission | Amendment |
|---|---|
| (k) an assessment of the economies of scale and efficiency options, including the participation in pooled investment structures, shared services or transfers, and of their impact on members and beneficiaries.; | (k) an assessment of the economies of scale and efficiency options, including the participation in pooled investment structures, shared services or transfers, and of their impact on members and beneficiaries, with particular regard to the costs borne by members and beneficiaries and the adequacy of their retirement income; |
| Text proposed by the Commission | Amendment |
|---|---|
| Member States shall ensure that the risk assessment referred to in paragraph 1 includes a catalogue of measures to mitigate any identified risks. |
| Text proposed by the Commission | Amendment |
|---|---|
| Member States shall require that the statement identifies clear investment objectives for each pension scheme that are consistent with its retirement income objective, the overall performance objectives for the scheme and the means of monitoring performance. The statement shall also identify when deviations from the asset allocation strategy and performance objectives may be tolerated and to what extent. The investment policy shall also include any overarching decisions regarding tactical asset allocation, security selection and trade execution. | Member States shall require that the statement identifies clear investment objectives for each pension scheme that are consistent with its retirement income objective and that prioritise the provision of a stable and adequate retirement income for members and beneficiaries, the overall performance objectives for the scheme and the means of monitoring performance. The statement shall also identify when deviations from the asset allocation strategy and performance objectives may be tolerated and to what extent. The investment policy shall also include any overarching decisions regarding tactical asset allocation, security selection and trade execution. |
| Text proposed by the Commission | Amendment |
|---|---|
| The statement shall also address whether, why, to what extent and how more complex classes of assets, including alternative asset classes, will be used, and shall specify the appropriate extent of exposure to counterparty risk. | The statement shall also address whether, why, to what extent and how more complex classes of assets, including alternative asset classes, will be used, and shall specify the appropriate extent of exposure to counterparty risk, taking into account the interest of members and beneficiaries, including their capacity to bear investment risks, as well as the long-term risk profile of pension schemes. |
| Text proposed by the Commission | Amendment |
|---|---|
| The following Article 30a is inserted: Article 30a Measures to reduce the gender pension gap Member States, in close cooperation with social partners, shall assess the gender pension gap with regard to occupational pension schemes, including through data collection by IORPs, and take the necessary measures to address any problems identified. Information about measures to close the gender pay gap shall be widely disseminated, especially amongst female workers. |
| Text proposed by the Commission | Amendment |
|---|---|
| 5. Member States shall ensure that IORPs outsourcing key functions, the management of those IORPs, or other activities covered by this Directive enter into a legally enforceable written agreement with the service provider. Such agreement shall include a breakdown of direct and indirect costs and shall clearly define the rights and obligations of the IORP and the service provider. In case of a potential conflict of interest with the service provider, IORPs shall document and implement procedures to prevent or manage conflicts of interest.; | 5. Member States shall ensure that IORPs outsourcing key functions, the management of those IORPs, or other activities covered by this Directive enter into a legally enforceable written agreement with the service provider. Such agreement shall include a breakdown of direct and indirect costs and shall clearly define the rights and obligations of the IORP and the service provider, ensuring that outsourcing arrangements do neither undermine the interests of members’ and beneficiaries’ nor jeopardise the ability of IORPs to retain effective control over their core activities. In case of a potential conflict of interest with the service provider, IORPs shall document and implement procedures to prevent or manage conflicts of interest.; |
| Text proposed by the Commission | Amendment |
|---|---|
| 4. EIOPA shall issue guidelines, in accordance with Article 16 of Regulation (EU) No 1094/2010, on the information that is to be provided in accordance with Articles 41, 42 and 43.; | 4. EIOPA shall issue guidelines, in accordance with Article 16 of Regulation (EU) No 1094/2010, on the information that is to be provided in accordance with Articles 41, 42 and 43. The guidelines shall respect national competences and take into account the specific features of national pension systems and industrial relations systems. |
| Text proposed by the Commission | Amendment |
|---|---|
| (g) where members bear investment risk or can take investment decisions, information on the past performance of investments related to the pension scheme for a minimum of ten years, or for all the years that the scheme has been operating where this is less than ten years;; | (g) where members bear investment risk or can take investment decisions, information on the past performance of investments related to the pension scheme for a minimum of ten years, or for all the years that the scheme has been operating where this is less than ten years together with a clear explanation of the risks that might affect the future level and stability of members’ and beneficiaries’ retirement income;; |
| Present text | Amendment |
|---|---|
| (h) the structure of costs borne by members and beneficiaries, for schemes which do not provide for a given level of benefits; | (h) the structure of costs borne by members and beneficiaries, for schemes which do not provide for a given level of benefits, presented as impact of the costs on future benefits on the basis of a standardised simulation to be established at national level in order to ensure comparability between pension schemes; |
| Text proposed by the Commission | Amendment |
|---|---|
| 1. Member States shall ensure that, where pension tracking systems are in place, they cover the pension entitlements administered by IORPs. | 1. Member States shall ensure that, where pension tracking systems are in place, they cover the pension entitlements administered by IORPs including the respective breakdown of management costs borne by individuals per fund subscribed, whether collective or individual. Occupational pension entitlements shall be reported in the same manner as first pillar pension entitlements, that is, in life annuity with the same periodicity of payments. |
| Text proposed by the Commission | Amendment |
|---|---|
| 2. For the purposes of paragraph 1, Member States shall ensure that IORPs transmit to pension tracking systems, where such systems have been established, all information necessary to provide members and beneficiaries with a comprehensive, reliable and up-to-date overview of their occupational and personal pension entitlements, insofar as those entitlements are administered by the IORP. | 2. For the purposes of paragraph 1, Member States shall ensure that IORPs transmit to pension tracking systems, where such systems have been established, all information necessary to provide members and beneficiaries on request or at least on an annual basis if no such request was made, with a comprehensive, reliable and up-to-date overview of their occupational and personal pension entitlements, insofar as those entitlements are administered by the IORP. |
| Text proposed by the Commission | Amendment |
|---|---|
| 3. Member States shall ensure that the information referred to in paragraph 2 is transmitted in a standardised, machine-readable and interoperable format enabling pension tracking systems to aggregate data on accrued rights, accumulated capital and projected benefits in a coherent and comparable manner. | 3. Member States shall ensure that the information referred to in paragraph 2 is transmitted in a standardised, machine-readable and interoperable format enabling pension tracking systems to aggregate data on accrued rights, accumulated capital and projected benefits in a coherent and comparable manner thereby facilitating comparability of pension entitlements for members and beneficiaries across different pension schemes and providers. |
| Text proposed by the Commission | Amendment |
|---|---|
| 3a. Projections provided through pension tracking systems to members and beneficiaries shall clearly distinguish between guaranteed and non-guaranteed components and present expected benefits net of all administrative and management costs, expressed in real (inflation-adjusted) terms; |
| Text proposed by the Commission | Amendment |
|---|---|
| 3b. Projections provided through pension tracking systems to members and beneficiaries shall also include information on the risks covered (longevity, reduced earning capacity, and death). It shall also provide information on adjustment rules during the pension phase and make them comparable in terms of their value. |
| Text proposed by the Commission | Amendment |
|---|---|
| 1. Member States shall require IORPs to draw up a concise document containing key information for each member. That document shall provide information on the level of risk borne by the member and take into consideration the specific nature of national pension systems and of relevant national social, labour and tax law (‘Pension Benefit Statement’). The title of the document shall contain the words ‘Pension Benefit Statement’. | 1. Member States shall require IORPs to draw up a concise document containing key information for each member. That document shall provide information on the level of risk borne by the member and take into consideration the specific nature of national pension systems and of relevant national social, labour and tax law (‘Pension Benefit Statement’) including clear information on tax advantages for members, where applicable, and of projected retirement income and key risks affecting pension outcomes. The title of the document shall contain the words ‘Pension Benefit Statement’. |
| Text proposed by the Commission | Amendment |
|---|---|
| The format and structure of the Pension Benefit Statement shall be provided to members and beneficiaries using a Union standardised format, while also taking into account the characteristics of different types of pension schemes. | The format and structure of the Pension Benefit Statement shall be provided to members and beneficiaries using a Union standardised format taking into account the characteristics of different types of pension schemes as well as national specificities. |
| Text proposed by the Commission | Amendment |
|---|---|
| 6a. Member States shall ensure that IORPs provide detailed technical information to members and beneficiaries, accompanied by clear and visualised executive summaries in accessible language. |
| Text proposed by the Commission | Amendment |
|---|---|
| In addition to the Pension Benefit Statement, IORPs shall provide each member, in due time before the retirement age as specified in Article 39(1), point (a), or at the request of the member, with information about the upcoming start of the pay-out phase and the benefit pay-out options available in taking their retirement benefits, including the costs and charges associated with each option and the applicable tax treatment. | In addition to the Pension Benefit Statement, IORPs shall provide each member, in due time before the retirement age as specified in Article 39(1), point (a), or at the request of the member, with information about the upcoming start of the pay-out phase and the benefit pay-out options available in taking their retirement benefits, including the costs and charges associated with each option and the applicable tax treatment as well as their impact on the level and duration of retirement benefits for members and beneficiaries. |
| Text proposed by the Commission | Amendment |
|---|---|
| (b) the risks and factors that could adversely affect the level, stability or duration of retirement income; | (b) the risks and factors that could adversely affect the level, stability or duration of retirement income for members and beneficiaries, including projections for market volatility, longevity and inflation; |
| Text proposed by the Commission | Amendment |
|---|---|
| The information shall also describe the main factors that could affect the level or duration of retirement income, including investment and life-expectancy risks, and shall indicate, where relevant, the right to change the pay-out option.; | The information shall also describe the main factors that could affect the level or duration of retirement income, including investment and life-expectancy risks, and shall indicate, where relevant, the right to change the pay-out option in a clear and comprehensible manner enabling members and beneficiaries to assess the sustainability of their retirement income. |
| Text proposed by the Commission | Amendment |
|---|---|
| 1. Member States shall, taking into account the nature of the pension scheme, ensure that every IORP authorised in their territory always acts honestly, fairly and professionally, and in accordance with the best interests of their members and beneficiaries. Those interests shall include the objective of providing adequate, risk-adjusted and cost-efficient returns over the long term, consistent with the long-term nature of pension obligations. | 1. Member States shall, taking into account the nature of the pension scheme, ensure that every IORP authorised in their territory always acts honestly, fairly and professionally, and prioritise the objective of providing stable and adequate retirement income over purely financial or short-term investment considerations, in accordance with the best interests of their members and beneficiaries. Those interests shall include, as a priority, the objective of providing adequate, risk-adjusted, cost-efficient and sustainable returns over the long term, consistent with the long-term nature of pension obligations and the safeguarding of members’ and beneficiaries’ retirement income. |
| Text proposed by the Commission | Amendment |
|---|---|
| Member States shall ensure that IORPs have procedures in place to identify deteriorating financial conditions and immediately notify the competent authorities when such deterioration occurs. | Member States shall ensure that IORPs have procedures in place to identify deteriorating financial conditions that may adversely affect the level or stability of retirement income for members and beneficiaries, immediately notify the competent authorities when such deterioration occurs and take corrective action. |
| Text proposed by the Commission | Amendment |
|---|---|
| (59a) Article 60 para 5: Support measures | |
| a) The Commission shall set up a European Pension Forum, to monitor pension policies and to exchange best practices. The Forum shall involve EIOPA, the competent authorities of the Member States, the social partners, stakeholders active in the provision of retirement products and civil society organisations and meet at least once per year. The outcomes of the Forum shall be summarised in a subsequent annual report published by the Commission, including a special focus on occupational pension schemes and social aspects of pension provisions. | |
| b) The Commission and the Member States shall support the capacity building of social partners in view of setting up occupational pension schemes based on collective agreements. | |
| c) Member States, in cooperation with social partners, shall offer educational opportunities for workers with a view to improving their financial literacy, in particular regarding statutory and occupational pension systems as well as the closing of the gender pension gap. |
| Text proposed by the Commission | Amendment |
|---|---|
| By [PO please insert date = four years after the date of application of this Directive], EIOPA shall submit a report to the Commission, the European Parliament and the Council on the implementation of this Directive, in particular regarding the following aspects: | By [PO please insert date = four years after the date of application of this Directive], EIOPA shall submit a report to the Commission, the European Parliament and the Council on the implementation of this Directive. The evaluation shall not be limited to financial market aspects but shall give equal consideration to the social dimension of pension provision. In addition it shall cover the following aspects: |
| Text proposed by the Commission | Amendment |
|---|---|
| (b) the experience acquired in applying this Directive, including its impact on the size, cost-efficiency, consolidation and professionalisation of IORPs, and its role in fostering trust, transparency and sound risk management in the interests of members and beneficiaries; | (b) the experience acquired in applying this Directive, including its impact on the size, variety, coverage, cost-efficiency, consolidation and professionalisation of IORPs as well as on the diversity of national pension systems; |
| (c) the role of this Directive in fostering trust, transparency and sound risk management in the interests of members and beneficiaries; |
| Text proposed by the Commission | Amendment |
|---|---|
| 1. Member States shall ensure that, where pension tracking systems are in place, they cover the pension entitlements administered by insurance undertakings and insurance intermediaries. | 1. Member States shall ensure that, where pension tracking systems are in place, they cover the pension entitlements administered by insurance undertakings and insurance intermediaries. It should allow members and beneficiaries simple comparability of all pension entitlements, with a clear distinction between guaranteed and non-guaranteed components and an overview of all administrative costs across different pensions schemes and providers. |
Annex: declaration of input 4 blocks
Pursuant to Article 8 of Annex I to the Rules of Procedure, the rapporteur for opinion declares that she included in her opinion input on matters pertaining to the subject of the file that she received, in the preparation of the opinion, from the following interest representatives falling within the scope of the Interinstitutional Agreement on a mandatory transparency register1, or from the following representatives of public authorities of third countries, including their diplomatic missions and embassies:
| 1. Interest representatives falling within the scope of the Interinstitutional Agreement on a mandatory transparency register |
| ETUC |
| Finance Watch |
| Better Finance AEIP |
| The European Association of Paritarian Institutions |
| Pension Schemes of Liberal Professions in Germany |
| 2. Representatives of public authorities of third countries, including their diplomatic missions and embassies |
| ETUC |
Where natural persons are identified in the list by their name, by their function or by both, the rapporteur for opinion declares that she has submitted to the natural persons concerned the European Parliament’s Data Protection Notice No 484 (https://www.europarl.europa.eu/data-protect/index.do), which sets out the conditions applicable to the processing of their personal data and the rights linked to that processing.
Procedure pages and committee votes
How the committees handled the text and how their members voted on it. Collapsed.
Procedure – committee asked for opinion 1 block
| Title | Amending Directives (EU) 2016/2341 and 2016/97 as regards the strengthening of the framework for occupational retirement provision |
| References | COM(2025)0842 – C10-0306/2025 – 2025/0362(COD) |
| Committee responsible | ECON |
| Opinion by Date announced in plenary | EMPL 12.2.2026 |
| Rapporteur for opinion Date appointed | Estelle Ceulemans 13.1.2026 |
| Discussed in committee | 22.6.2026 |
| Date adopted | 15.7.2026 |
| Result of final vote | + : 34 - : 7 0 : 9 |
Final vote by roll call by the committee asked for opinion 7 blocks
34 · For
- No group
- Jan-Peter Warnke
- EPP
- Pascal Arimont, Andrzej Bula, David Casa, Henrik Dahl, Gheorghe Falca, Loucas Fourlas, Niels Geuking, Radan Kanev, Martine Kemp, Jeroen Lenaers, Miriam Lexmann, Letizia Moratti, Angelika Niebler, Dennis Radtke, Liesbet Sommen, Romana Tomc
- Renew
- Valérie Devaux, Martin Hojsík, Hristo Petrov, Jana Toom
- S&D
- Marc Angel, Gabriele Bischoff, Estelle Ceulemans, Klára Dobrev, Isilda Gomes, Marina Kaljurand, Idoia Mendia, Matjaz Nemec, Aodhán Ó Ríordáin, Marianne Vind
- Greens
- Katrin Langensiepen, Maria Ohisalo, Villy Søvndal
7 · Against
- No group
- Branislav Ondrus
- Patriots
- Margarita de la Pisa Carrión
- The Left
- Konstantinos Arvanitis, Leila Chaibi, Kathleen Funchion, Rudi Kennes, João Oliveira
9 · Abstained
- ECR
- Chiara Gemma, Lara Magoni, Marlena Malag, Francesco Torselli, Ivaylo Valchev, Mariateresa Vivaldini
- ESN
- Petar Volgin
- Patriots
- Mélanie Disdier, Pál Szekeres
Connections
The dossier, the decisions on this text and its other versions.
No connections found for this item.
Sources & citation
Where the facts on this page come from, and how to cite it.
- Data source
- Licensed CC BY 4.0.
- Retrieved
- 25 September 2026
Cite as
European Parliament (2026). “OPINION Proposal for a Directive of the European Parliament and of the Council amending Directives (EU) 2016/2341 and 2016/97 as regards the strengthening of the framework for occupational retirement provision”. Text, 6 August 2026. docId EMPL-AD-787878. EU Parl Watch Research. https://news.eu-parl.st-solutions.dev/texts/EMPL-AD-787878 (retrieved 25 September 2026). Data: EP Open Data API: document record, https://data.europarl.europa.eu/api/v2/documents/EMPL-AD-787878 (CC BY 4.0).
BibTeX
@misc{epw-text-empl-ad-787878,
author = {{European Parliament}},
title = {{OPINION Proposal for a Directive of the European Parliament and of the Council amending Directives (EU) 2016/2341 and 2016/97 as regards the strengthening of the framework for occupational retirement provision}},
year = {2026},
date = {2026-08-06},
howpublished = {\url{https://news.eu-parl.st-solutions.dev/texts/EMPL-AD-787878}},
url = {https://news.eu-parl.st-solutions.dev/texts/EMPL-AD-787878},
urldate = {2026-09-25},
publisher = {EU Parl Watch Research},
note = {Text. docId EMPL-AD-787878. Data: EP Open Data API: document record (CC BY 4.0)}
}