Report comment

There is utter confusion regarding.

..'fully funded at all times for 'new schemes' and maintaining a guiding principle of IORP being rooted in social and labur law and has a social function'

because of what is actually happening to those in occupational IORP cross border scheme in Ireland

Pensions in a non segregated Irish DB cross border scheme has reduced current pensions in payment for the 70/80 and 90 year old pensioners to meet Pension Authority solvency rules in 25 years time . However this only applies to Irish pensionable service and excludes other European countries pensionable service. This was done without their consent.

Has anyone drafting or discussing these new proposals considered what is actuarlly currently happening -

it is certainly not in the interest of the members or their beneficiaries drawing down pensions -

I does not encourage anyone to consider investing for the long term.

Or is Ireland unique in cutting the income of current pensioners in IORP Defined Benefit multi aviation employer pension schemes.

Where is the current IORP fully funded protection for those drawing down their pension having contributed to a compulsory employer occupational IOPR pension scheme for over 40 years