When aiming at ensuring financial security in retirement, the benefits paid by institutions for occupational retirement provision should generally provide for the payment of a lifelong pension. Payments for a temporary period or a lump sum should also be possible.
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New version applies from 20/06/2013 — introduced by Directive 2013/14/EU.
42 provisions change.
Later versions: 13/01/2019.
Recital 13 changes in this version: compare with the current text.