Greece's Ministry of National Economy and Finance published remarks by Minister Kyriakos Pierrakakis to the 7th Occupational Insurance Conference, arguing that occupational pension funds should play a central role in the European Union's Savings and Investments Union and in Greece's own pension strategy. In the speech, he framed second-pillar occupational insurance as a way to improve pension adequacy while directing long-term savings into productive investment. No new policy measures were announced. The minister linked the issue to Europe's broader funding needs in areas including defense, energy autonomy, digital infrastructure and artificial intelligence, and said the European Union should mobilize its own savings to finance those priorities. He cited more than EUR 10 trillion of private savings in Europe and argued that occupational pension funds can act as long-term institutional investors that connect citizens' retirement savings with economic growth. He also said expansion of the second pension pillar in Greece is a strategic choice that can strengthen the resilience of the pension system, deepen the savings culture and support a wider investment ecosystem, provided it rests on trust, transparency, accountability, sound governance and effective supervision.
Ministry of National Economy and Finance (Greece)2026-06-18
Greece's Ministry of National Economy and Finance positions occupational pension funds as central to EU savings and investment mobilization
In remarks to an occupational insurance conference, Greece's Ministry of National Economy and Finance said occupational pension funds are central to the EU Savings and Investments Union and to Greece's second-pillar pension strategy. The minister said these funds can improve pension adequacy and channel long-term savings into productive investment, while stressing the need for transparency, governance and effective supervision.