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...
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Already a member? Login hereNikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.
Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.