2009 AGE Statement on Pensions: Ensuring adequate pensions for all in the EU - a shared responsibility for society
In the present document, after a brief description of AGE key objectives of pension systems (I), we examine some of the most important challenges remaining to complete pension reforms across the EU (II), present recommendations on how best implement these reforms by involving all respective stakeholders (III), and maximising the role of the Open Method of Coordination (IV).
Table of contents
Preface
Pension reform and the crisis
I. WHAT should be the key objectives of pension reforms - AGE goals
Adequacy of old-age income
Replacement rate
Indexation
Equal access and gender equality
Portability of supplementary pension rights and solvency mechanism
Information and financial literacy
II. WHY further reforms are needed - Remaining challenges
Need to anticipate demographic ageing
Guarantee a minimum pension to prevent poverty among the most vulnerable older people
Restore equity and solidarity across the pension architecture
Promote intergenerational solidarity to strengthen social cohesion
Facilitate employment of older workers
Enhance gender equality
Ensure portability of supplementary pensions and improve solvency mechanism
Improve information and encourage financial literacy
III. WHO should implement and monitor pension reforms - Role of stakeholders
Member States
European Commission
European Parliament
Bodies managing private funded supplementary pension schemes
Social Partners and civil society organisations
IV. HOW to build support for pension reforms – Role of the Open Method of Coordination
Social Protection Committee
National and European older people’s organisations
European Pension Forum
Conclusions
References
Glossary
Members of AGE Social Protection Expert Group
Date: 10/01/2009
Author: AGE Platform Europe
Organization: AGE Platform Europe
Reference: http://www.age-platform.eu/images/stories/EN/pdf_AGE-pensions_FINAL_UK_web.pdf
Only for Members: No
Content type: Good practises
Tags: demography, generations, senior generation
Categories: