{"id":5022,"date":"2023-10-17T09:39:16","date_gmt":"2023-10-17T08:39:16","guid":{"rendered":"https:\/\/unionsyndicale.eu\/?p=5022"},"modified":"2023-10-18T08:53:59","modified_gmt":"2023-10-18T07:53:59","slug":"provident-funds-watch-out","status":"publish","type":"post","link":"https:\/\/unionsyndicale.eu\/en\/provident-funds-watch-out\/","title":{"rendered":"Provident Funds : Watch Out !"},"content":{"rendered":"<section class=\"l-section wpb_row height_auto\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"g-cols wpb_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-2 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><div class=\"vc_col-sm-8 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p class=\"x_MsoNormal\"><span lang=\"EN-GB\">Dear Local Agents colleagues,<\/span><span lang=\"EN-GB\">\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-GB\">We are\u00a0<b>EXTREMELY CONCERNED<\/b>\u00a0of the present ALARMING and SCANDALOUS situation regarding the losses of your Provident Fund contributions, which for the great majority of you is the only pension scheme at the age of retirement.<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-GB\">It is\u00a0<b>UNACCEPTABLE<\/b>\u00a0to have colleagues leaving the Institutions after years of service, with less than they have contributed all these years.<\/span><span lang=\"EN-GB\">\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-GB\">It is\u00a0<b>UNACCEPTABLE<\/b>\u00a0to have losses related not only to the gained interests but also to your contributions, especially for colleagues who have recently joined the Institution.<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-GB\">It is\u00a0<b>UNACCEPTABLE<\/b>\u00a0for Administration not to assume its responsibility for these losses and to use the economic crisis and the war in Ukraine to justify this improper management of your funds.<\/span><span lang=\"EN-GB\">\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-GB\">It is\u00a0<b>UNACCEPTABLE<\/b>\u00a0to claim co responsibility since \u201cno-risk\u201d investments do not exist, even though you have never decided for the financial management of your funds, and you are simply being informed after decisions have been made for you.<\/span><\/p>\n<p class=\"x_MsoNormal\"><b><span lang=\"EN-GB\">UNION SYNDICALE<\/span><\/b><span lang=\"EN-GB\">\u00a0<\/span><span lang=\"EN-GB\">has continuously asked over the past years for more transparency and for immediate action to protect the capital invested and avoid negative returns.<\/span><\/p>\n<p class=\"x_MsoNormal\"><b><span lang=\"EN-GB\">UNION SYNDICALE<\/span><\/b><span lang=\"EN-GB\">\u00a0<\/span><span lang=\"EN-GB\">is ready to SUPPORT YOU and provide you with LEGAL HELP in order to get a fair solution to this alarming situation.<\/span><\/p>\n<p class=\"x_MsoNormal\" align=\"center\"><span lang=\"EN-GB\">Please contact us:<\/span><\/p>\n<p class=\"x_MsoNormal\" align=\"center\"><span lang=\"EN-GB\"><a href=\"mailto:OSP-US-BXL@ec.europa.eu\" data-linkindex=\"7\">OSP-US-BXL@ec.europa.eu<\/a><\/span><\/p>\n<p class=\"x_MsoNormal\" align=\"center\"><span lang=\"EN-GB\">\u00a0<\/span><\/p>\n<\/div><\/div><div class=\"w-separator size_large\"><\/div><div class=\"w-separator size_medium with_line width_50 thick_3 style_solid color_primary align_center\"><div class=\"w-separator-h\"><\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-2 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_auto\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"<p>We are extremely concerned of the present alarming and scandalous situation regarding the losses of your Provident Fund contributions<\/p>\n","protected":false},"author":2,"featured_media":1347,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,69,68],"tags":[],"dossier-special":[],"class_list":["post-5022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agencies","category-special-report","category-working-conditions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Provident Funds : Watch Out ! - Union Syndicale<\/title>\n<meta name=\"description\" content=\"We are EXTREMELY CONCERNED of the present ALARMING and SCANDALOUS situation regarding the losses of your Provident Fund contributions\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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