The pension fund of the Members of the European Parliament is on the verge of collapse, according to the German Conservative Tabloid Bild.
The crisis will be acute by 2026 according to a leaked report of the Secretary-General of the European Parliament, Klaus Welle, to the Budget Committee.
For several years the pension fund is facing a deficit of hundreds of millions of Euro. In 2016 the pension fund had assets worth €146,6 million, facing MEP entitlements of €472,6 million. The € 326,2...
This story is part of New Europe's Premium content.
|To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑|