{"id":7043,"date":"2016-08-02T09:08:00","date_gmt":"2016-08-02T08:08:00","guid":{"rendered":"https:\/\/unionsyndicale.eu\/?p=7043"},"modified":"2024-09-13T09:22:34","modified_gmt":"2024-09-13T08:22:34","slug":"brexit-british-eurocrats-and-their-pensions","status":"publish","type":"post","link":"https:\/\/unionsyndicale.eu\/en\/brexit-british-eurocrats-and-their-pensions\/","title":{"rendered":"Brexit &#8211; British Eurocrats and their Pensions"},"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 us_custom_432d3f53\"><div class=\"wpb_wrapper\"><p><em><strong>EU demands Britain pays pensions of 1,730 Eurocrats in wake of Brexit vote<\/strong><\/em><\/p>\n<p>A bitter clash is looming over who will foot the bill for paying pensions owed to thousands of British Eurocrats when the UK leaves the EU. Brussels has estimated its pensions liability at \u20ac60 billion (\u00a350.7 billion) for all retired and current officials, with annual payments currently at about \u20ac1.4 billion (\u00a31.2 billion). Some 1,730 Britons currently make up almost 8 per cent of the 22,000 retired EU officials.<\/p>\n<p>The UK insists it cannot be held responsible for Eurocrat pensions which, it says, are the responsibility of EU institutions. But EU officials say Britain would be expected to pay its part of the EU&#8217;s pension promises when it finally quits the EU. It potentially sets Theresa May&#8217;s new government on a collision course with EU leaders as\u00a0<a href=\"https:\/\/unionsyndicale.eu\/en\/files\/brexit\/\">Brexit<\/a>\u00a0is negotiated.<\/p>\n<p>F\u00e9lix Geradon, deputy head of Union SyndicaleBruxelles, the biggest EU trade union, said, \u201cThe UK is correct in its point that paying the pensions<br \/>\nis the responsibility of the European budget. But the budget is a common responsibility of the member states.\u201d According to some senior EU officials one compromise could involve the UK paying a lump sum to close its exposure and create a standalone pension fund. \u201cThis could be horrible, ugly. I hope it won\u2019t be,\u201d one official told the Financial Times. Britain has long argued that the EU&#8217;s pensions are too generous and the area is one of many where complex joint liabilities will need to be unravelled.<\/p>\n<p><strong>Pensions at risk<\/strong><\/p>\n<p>Failure to find a solution could put at risk pension payments to about 3,000 UK officials who have worked in the EU institutions since 1973. The typical EU official is entitled to a pension worth no more than 70 per cent of final basic salary, at a 1.9 per cent accrual rate &#8211; the proportion of salary earned as pension each year.<\/p>\n<p>By : Martin Banks and Michael Wilkinson from The Telegraph<\/p>\n<h4><a href=\"https:\/\/unionsyndicale.eu\/wp-content\/uploads\/2024\/09\/20160802-Article-BREXIT-Pensions-a-travers-le-Telegraph.pdf\"><em><strong>Read the entore article here<\/strong><\/em><\/a><\/h4>\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>EU demands Britain pays pensions of 1,730 Eurocrats in wake of Brexit : who will pay the pensions owed to thousands of British Eurocrats ?<\/p>\n","protected":false},"author":2,"featured_media":5604,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[128,70,69],"tags":[],"dossier-special":[],"class_list":["post-7043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brexit-special-report","category-news-en","category-special-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Brexit - British Eurocrats and their Pensions - Union Syndicale<\/title>\n<meta name=\"description\" content=\"EU demands Britain pays pensions of 1,730 Eurocrats in wake of Brexit : who will pay the pensions owed to thousands of British Eurocrats ?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/unionsyndicale.eu\/en\/brexit-british-eurocrats-and-their-pensions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brexit - British Eurocrats and their Pensions - Union Syndicale\" \/>\n<meta property=\"og:description\" content=\"EU demands Britain pays pensions of 1,730 Eurocrats in wake of Brexit : who will pay the pensions owed to thousands of British Eurocrats ?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/unionsyndicale.eu\/en\/brexit-british-eurocrats-and-their-pensions\/\" \/>\n<meta property=\"og:site_name\" content=\"Union Syndicale\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-02T08:08:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-13T08:22:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/unionsyndicale.eu\/wp-content\/uploads\/2023\/12\/brexit-1024x598.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"598\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/unionsyndicale.eu\\\/en\\\/brexit-british-eurocrats-and-their-pensions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/unionsyndicale.eu\\\/en\\\/brexit-british-eurocrats-and-their-pensions\\\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\\\/\\\/unionsyndicale.eu\\\/en\\\/#\\\/schema\\\/person\\\/1f54b67cf7545ab1a09c045a5ea7305f\"},\"headline\":\"Brexit &#8211; 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