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Paritarian
Institutions of Social Protection are widespread in Europe, especially in Western Europe and Scandinavia. The combined funds currently managed by the Paritarian Institutions of Social Protection total to a rough estimate of 1.3 trillion euro in assets and cover about 80 million European
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Within the paritarian model there are two phases: in the negotiation phase, when a collective agreement between the trade unions and the employers’ representatives set up the social fund; and in the management phase, the signatory parties decide to manage their negotiated social funds themselves by
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In 1996, a
European Organization the European Association of Paritarian Institutions of Social Protection (AEIP) was created in order to represent the Paritarian Institutions to the European Union. AEIP underlines the specific peculiarities of the Paritarian Institutions compared to other similar
31:(representatives of the employers and employees). In other words, the governance of these institutions is based on the equal representation of employees (normally the
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Even though of
European origins, paritarian institutions also exist in other parts of the world like in North America, South America, India, and Japan.
87:(from the French "paritaire"; "paritair" in Dutch, "paritätische" in German, "Paritetico" in Italian) means jointly managed on an equal basis (
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at the company, the industry-wide (such as construction sector, metal sector, etc.) or the inter-sectoral level, and they can provide several
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143:"Nuttall Shares: How Robert Oakeshott made paritarian governance good practice for EOTs"
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The social protection funds managed by the paritarian institutions are set up through
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establishing a
Paritarian Institution in which they are equally represented.
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European
Association of Paritarian Institutions of social protection (AEIP)
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Non-profit institutions which are jointly managed by the social partners
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Pension Fund
Governance: Challenges and Potential Solutions, June 2008
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National
Coordinating Committee for Multiemployer Plans (NCCMP)
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are non-profit institutions which are jointly managed by the
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OECD Guidelines for
Pension Fund Governance, 5 June 2009
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Multi-Employer
Benefit Plan Council of Canada (MEBCO)
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72:Paritarian governance is also found in some
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