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Session
Committees
Groups
Constituency Week
Conciliation Committee
07.07.2010
12:30
The Future of Pensions in Europe
European Commission - Employment, Social Affairs and Equal Opportunities DG
Rue de la Loi 200
1049 Brussels
Phone: +32 (0)2 299 44 34
Fax: +32 (0)2 296 36 60
Email: empl-info@cec.eu.int
Link to the organizer
12:30
The Future of Pensions in Europe
European Commission - Employment, Social Affairs and Equal Opportunities DG
Rue de la Loi 200
1049 Brussels
Phone: +32 (0)2 299 44 34
Fax: +32 (0)2 296 36 60
Email: empl-info@cec.eu.int
Link to the organizer
Press Conference / Press Meeting
Type of Event
Employment and Social Affairs
Policy Field of Event
Registration required
Limitation
Contact
Brussels
Brussels
Brussels
Location of event
The European Commission will present a Green Paper launching a wide-ranging debate on the future of pensions in Europe. The Green Paper will open a several month long consultation period in which the Commission welcomes all views on how the EU can best support national efforts to deliver adequate, sustainable and safe pensions in the light of the challenges facing pension systems from demographic ageing and the financial and economic crisis.
Following a decade of pension reforms in the EU, there is now a need to thoroughly review the European pension framework, taking an integrated approach to exploit synergies across economic and social policies and financial market regulation.
This Green Paper is a joint initiative of Commissioners Andor, Barnier and Rehn, taking into account the respective portfolio responsibilities including the social dimension of pensions, internal market rules and issues of sustainability. The consultation will call for views and fresh ideas for possible future EU actions.
Background:
Ensuring an adequate and sustainable retirement income for EU citizens now and in the future is a priority for the EU. Achieving these objectives in an ageing Europe is a major challenge. Most countries in the EU have sought to prepare for this by reforming their pension systems.
In 2008 there were four people of working age (15-64 years old) for every EU citizen aged 65 years or over. By 2060 that ratio will drop to two to one. The recent financial and economic crisis has aggravated and amplified the impact of these demographic trends. Setbacks in economic growth, public budgets, financial stability and employment have made it more urgent to adjust retirement practices and the way people build up entitlements to pensions. The crisis has revealed that more must be done to improve the efficiency and safety of pension schemes.
Following a decade of pension reforms in the EU, there is now a need to thoroughly review the European pension framework, taking an integrated approach to exploit synergies across economic and social policies and financial market regulation.
This Green Paper is a joint initiative of Commissioners Andor, Barnier and Rehn, taking into account the respective portfolio responsibilities including the social dimension of pensions, internal market rules and issues of sustainability. The consultation will call for views and fresh ideas for possible future EU actions.
Background:
Ensuring an adequate and sustainable retirement income for EU citizens now and in the future is a priority for the EU. Achieving these objectives in an ageing Europe is a major challenge. Most countries in the EU have sought to prepare for this by reforming their pension systems.
In 2008 there were four people of working age (15-64 years old) for every EU citizen aged 65 years or over. By 2060 that ratio will drop to two to one. The recent financial and economic crisis has aggravated and amplified the impact of these demographic trends. Setbacks in economic growth, public budgets, financial stability and employment have made it more urgent to adjust retirement practices and the way people build up entitlements to pensions. The crisis has revealed that more must be done to improve the efficiency and safety of pension schemes.
Infos
