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New version applies from 21/07/2011 — introduced by Alternative Investment Fund Managers Directive (AIFMD). 45 provisions change. Later versions: 20/06/2013, 13/01/2019. Recital 5 changes in this version: compare with the current text.

Recital 5

Recital 5

(5)Since social-security systems are coming under increasing pressure, occupational retirement pensions will increasingly be relied on as a complement in future. Occupational retirement pensions should therefore be developed, without, however, calling into question the importance of social-security pension systems in terms of secure, durable and effective social protection, which should guarantee a decent standard of living in old age and should therefore be at the centre of the objective of strengthening the European social model.

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