{"id":14469,"date":"2023-10-17T08:31:49","date_gmt":"2023-10-17T07:31:49","guid":{"rendered":"https:\/\/bruxelles.unionsyndicale.eu\/?p=14469"},"modified":"2024-08-30T15:06:26","modified_gmt":"2024-08-30T14:06:26","slug":"provident-funds-watch-out","status":"publish","type":"post","link":"https:\/\/bruxelles.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=\"wpb_text_column us_custom_432d3f53\"><div class=\"wpb_wrapper\"><p class=\"x_MsoNormal\"><span lang=\"EN-GB\">Dear Local Agents colleagues,<\/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><\/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><\/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\">\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\" align=\"center\"><strong><span lang=\"EN-GB\">Please contact us:<\/span><\/strong><\/p>\n<p class=\"x_MsoNormal\" align=\"center\"><strong><span lang=\"EN-GB\"><a href=\"mailto:OSP-US-BXL@ec.europa.eu\" data-linkindex=\"7\">OSP-US-BXL@ec.europa.eu<\/a><\/span><\/strong><\/p>\n<\/div><\/div><\/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 Provident Fund contributions<\/p>\n","protected":false},"author":1,"featured_media":1347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70],"tags":[],"dossier-special":[],"class_list":["post-14469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"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! 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