The revised document takes into consideration the numerous comments received on previous drafts and incorporates notable revisions to the proposals in key areas such as: •  Rights of pension plan members and beneficiaries;  •  Governance of pension plans; and  •  Winding up of pension plans.
But the objective of Economic and Monetary Union should be to strive to achieve “economic and social progress” as was the intention of the signatories to the Maastricht Treaty. And for this, we need sustained growth and job creation. The resilient recovery we have witnessed in recent times has been a welcome step towards this objective.