The Central European Bank (CEB) is in favor of introducing progressively a
complementary system to the state pension system in which the private sector,
with a pension fund, will be able to participate. The monetary authorities make
a sketch with three pillars which, if put into practice, would «contribute to
the sustainability of the public finances», says the CEB in its monthly report
from July. The transformation of the system would need a long time to develop.
As far as we are concerned, we must be on the alert for any initiative coming
from the European Commision.
CGER Bank, as a result of the conversion of Caisse Général d’Épargne et Retraite
into a bank, has disappeared after being taken over by Fortis Group. It is
another example of what happens when a savings bank changes its status for that
of a public company.
Our next Euromeeting will be held in ISDABE (Estepona, Málaga - Spain), 8-15 May
«Eurogatherings» will be encouraged, supported by a group of
In the General Assembly held in Platja d’Aro the balance sheet and the result
account from the financial year 1999 were approved.
We are working on the creation of a web page in Internet to inform about the
Our next General Assembly will be held in Lisbonon 31 October 2000, and the main
topic will be the adaptation of the statutes to our present
José-Roberto López has been appointed Treasurer of the European
The Association of Retired University Professors took part in the Euromeeting in
Platja d’Aro for the first time.