EP adopted report on portability of supplementary pension rights

20 June 2007

The European Parliament adopted the report on the portability of supplementary pension rights drafted by Ms Ria Oomen-Ruijten (EPP-ED, NL). This directive allows workers to preserve their supplementary pension rights when they change employment and hence facilitates mobility in the EU.

The Committee report includes both new and old contracts in the scope of the directive while in the Council negotiations this was not the case. It foresees 5 years of employment relationship to acquire the right for the pension or a minimum age of 25 years. It introduces a 5 year transition period following the adoption of the directive for the implementation by Member States.

The report also lists what is meant by fair treatment of the value of dormant rights. In order to keep some perspective for the transfer of capital, the report proposes to come back to the issue in five years following the adoption.

The Council did not reach a common position on this dossier therefore no first reading agreement is possible.

Text adopted
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