Five DEI employee unions has appealed to the State Council against the planned privatization of 66 of the power company’s infrastructure and power grid, arguing that the sale is unconstitutional, illegal and against the European Convention of Human Rights (ECHR).
In their appeal the unions argues that the sale cannot take place without a legally-mandated actuary study, which will outline the insurance property of DEI employees and pensioners, which are integrated in the power company’s assets.
The employee unions claim that the 66% sale includes their pension rights. As such, the ECHR, which covers property, wages and pensions and the Constitution are being violated.
Since 1999, DEI has had a rather unique pension scheme, according to which the employee pension fund was integrated into DEI’s assets, with the state fully recognizing DEI’s obligations towards its employees and pensions. Additionally, that state agreed to cover the new pension fund’s needs.
