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pursuant to Rule 133 of the Rules of Procedure

on the financial challenges of longevity

Gianluca Buonanno

Motion for a European Parliament resolution on the financial challenges of longevity  

The European Parliament,

–  having regard to Rule 133 of its Rules of Procedure,

A.  whereas, according to The Challenge of Longevity: Making Retirement Income Last a Lifetime, a report recently published by actuaries in Australia, the United Kingdom and the US, a start needs to be made on considering how public and private pension schemes can take account of the ‘risk’ of longevity;

B.  whereas the elderly are more prone to debilitating diseases and so need more money for care and assistance at a time when their incomes are lower;

C.  whereas, according to State Street Global Advisors’ calculations, nine out of ten persons will not have the resources they need in retirement;

1.  Calls on the Commission, acting in accordance with Article 3 TEU and Articles 9, 10 and 19, 45 to 48 and 145 to 164 TFEU, to address the issue of longevity from a financial standpoint, with a view to ensuring that pensioners in the EU have the resources they need for a dignified life.

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