Tag: pension reforms

A European Commission roadmap for reforming EU pensions to be presented later this month has received a broad welcome, though some experts warned that the proposals fail to take sufficient account of gender issues and "would hit women much harder than men".

A new report published by the European Commission yesterday (20 October) warns that the increasing number of EU citizens moving to private pension schemes could find themselves receiving "inadequate" pensions. The situation could get worse as the financial turmoil spreads to the real economy.

As railroad workers fight for higher income and the preservation of special pension schemes, strikes paralysing French and German railway systems may have severe effects on the two countries' economies, employers' federations warn. 

Companies will have to carry the main burden of transferring supplementary pension schemes that workers join to complement their social-security retirement benefits, according to a Directive approved by Parliament on 20 June.

Migration will not provide a long-term solution to Europe's ageing crisis. Instead, policymakers must focus on getting people to have more babies while working 'longer and better', business leaders declared at the European Business Summit.

The demographic challenge is growing but the EU has come a good deal closer to winning the race for balanced pension schemes as the population grows older, says an EU report.

Despite widespread talk of a pension time bomb, national governments are failing to implement rules agreed at EU level, says Internal Market Commissioner McCreevy.