EU taxpayers risk bailing out MEP pension scheme

EU taxpayers risk bailing out the European Parliament due to a €326 million actuarial deficit for an MEP pension scheme.

First set up in 1990 and open to MEPs until 2009, the voluntary pension fund risks bleeding large amounts of cash from the parliament's budget given, in part, a sharp increase in the number of people reaching an early retirement age.

"Already after five years there was a deficit up to €9 million, which was not normal," Belgian Green MEP Bart Staes told EUobserv...