IORP

(redirected from Institutions for Occupational Retirement Provision)
AcronymDefinition
IORPInstitutions for Occupational Retirement Provision
References in periodicals archive ?
The Czech Republic, whose pension system does not include a second pillar and which prohibits the establishment in its territory of institutions for occupational retirement provision, had initially failed to transpose certain provisions of Directive 2003/41/EC, to the extent that it imposed obligations on the member states in the territory of which such institutions are established.
Thus, on the one hand, the Commission has committed to make Directive 2003/41/EC on the activities and supervision of institutions for occupational retirement provision in order to facilitate cross-border activities and to modernise the supervision of funds, including solvability criteria.
It then asked stakeholders about the need to review the directives on the activities and supervision of institutions for occupational retirement provision (Directive 2003/41/EC) and on insolvency (2008/94/EC).
Most responses support a revision of Directive 2003/41/EC on institutions for occupational retirement provision, announced for December 2011, to clarify the legal uncertainties related to the exercise of a cross-border activity.
This could include revision of Directive 2003/41/EC on the activities and supervision of institutions for occupational retirement provision, which currently excludes certain occupational schemes from its scope, or of Directive 2008/94/EC on the protection of employees in the event of the insolvency of their employer.
Whatever funding targets may be introduced to replace those in the institutions for occupational retirement provision (IORP) directive (2003/41/EC), the regulation of the industry must adopt a long-term perspective in relation to the monitoring of the performance and position of individual schemes.
Directive 2003/41/EC on the activities and surveillance of institutions for occupational retirement provision (IORP Directive); and 2.
A reasoned opinion will be sent to Poland over the incomplete transposition of Directive 2003/41/EC on the activities and supervision of institutions for occupational retirement provision.
The Commission has decided to refer Italy to the EU Court of Justice for not having transposed Directive 2003/41/EC on the activities and supervision of institutions for occupational retirement provision.
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