2014 Position on Commission's proposal for IORP II Directive

The Commission’s proposal to revise the activities and supervision of Institutions for Occupational Retirement Provision (IORP) is overly burdensome for employers and with no real benefits for employees.

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Ceemet key messages

  • IORPs are social institutions and need to be considered as such in the Directive
  • Overregulating IORPs’ governance will result in excessive administrative burden and undermine employees’ future pension provisions
  • A comprehensive impact assessment should cover stakeholders’ and IORPs’ voluntary actions, not only existing legal requirements
  • Administration and risk management measures should serve a purpose, not exist for their own sake
  • Information obligations must be cost effective and proportionate to members’ and beneficiaries’ needs

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