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New version applies from 13/01/2019 — introduced by Directive (EU) 2016/2341. 71 provisions change. Recital 5 is deleted from 13/01/2019.

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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