EU: Pension adequacy report underlines importance of resilient European pension systems in the face of global challenges

Submitted by pmassetti on
European Commission (20.06.2024) The report highlights that European pension systems have protected retired Europeans’ living standards in the face of global challenges. Resilient public pensions, indexation, and redistribution mechanisms have maintained pension adequacy during crises. However, pensions are predicted to decrease, calling for reinforced policies to promote longer careers, healthy ageing policies, inclusive labour markets, and greater flexibility in retirement pathways. The report calls for further reforms to ensure fair retirement security for all and prevent socio-economic inequalities from increasing with age, amid demographic and labour market changes.
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