EU to monitor member states' pension schemes

MEPs approved a green paper, which also advocates pension portability between EU states, by 535 votes to 85 and 57 abstentions. "Although member states play the lead role, there are aspects where co-ordination at European level is important," Ria Oomen-Ruijten, author of the resolution, says. "The ageing of the population has a big impact because not all member states have put money aside for their pensions. This could lead to enormous expenses which will have consequences for the stability and growth pact. "The supervising authority should monitor pension systems and some member s...