Challenges in the Delivery of Pensions in Europe

This report notes that ensuring that public policies cater for sustainable, accessible and adequate retirement incomes now and in the future remains a priority for the EU. While EU Member States share similar fundamental challenges, there are considerable differences in the timing of demographic ageing, the design of pension arrangements, the growth potential, and in constraints on account of the fiscal situation and external competitiveness. The projected increase in public spending due to population ageing poses an important challenge to EU Member States. Policy action to improve the long term sustainability of public finances while ensuring adequacy of pensions is crucial.