The Communist Party of Malta has said that it 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-privatise 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 urged the Trade unions and the working class to voice their opposition to, what it describes as "such neoliberal policies and to stop once and for all the privatisation of the national pension system."
Photograph: Alain Salvary