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Europe Live Thursday 23rd May 2013

Presentation of a White Paper on Pensions

20th February 2012

On 16th February the European Commission presented a white paper on "adequate, safe and viable" pensions. The ageing population and budgetary restrictions are threatnening the present pension systems. To rise to this challenge the Commission is suggesting several ways to approach the problem; rebalancing working time in relation to life expectancy, encouraging individual savings, guaranteeing pensions, notably for EU citizens living in a country other than their own. The main measure is still the extension of professional life, which leads to longer contribution times and a reduction in the length of the retirement period. It also means employers adapting to their eldest employees.

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