The Communist Party of Malta deplores the way the Minister of Finance is addressing the pension reform. The strategy adopted, although it strengthens the basic minimum state pension, it also aims to part-privatize the national pension system.
“The national strategy, to opt for a second and third pillar schemes, is none other than the opening up of the state pension system to private institutions. These policies form part of the neo-liberal agenda dictated by the right wing gurus and the financial institutions”, stated the Communist Party of Malta.
The Communist Party of Malta urges the Trade unions and the working class to voice their opposition to such neo-liberal policies and to stop once and for all the privatization of the national pension system.