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Viable and adequate pensions

Several European Councils, from Lisbon to Barcelona, have shed a light on the challenge posed by an ageing population and its implications for the maintenance of viable and adequate pensions. The challenge occupies a special place in the conclusions of the European Council held in Stockholm in March 2001 and which introduced the basis for the open method of co-ordination in the area of pensions. This method was finally launched by the European Council of Laeken in December 2001, on the basis of eleven common objectives arising from three main points: preserving the capacity of the systems to attain their social objectives, maintaining financial viability and responding to the evolution of societal needs. On December 17, 2002, the Commission adopted a global analysis, at the European Union level, of national pension schemes and of their capacity to face the challenge of demographic ageing. A report adopted jointly by the Commission and the Council will be communicated to the 2003 Spring Summit of Heads of State and Government in Brussels. The 11 common objectives in the area of pension schemes are: Adequacy: 1. Preventing the social exclusion of elderly people 2. Allowing retired persons to maintain their living standards 3. Promoting solidarity among and within generations Financial viability of pension schemes: 4. Raising employment rates 5. Prolonging the professional life cycle 6. Guaranteeing viable pensions within the framework of healthy public finance 7. Adjusting benefits and contributions in a balanced fashion 8. Ensuring that private pension schemes are adapted and financially healthy Adapting to evolving needs: 9. Adapting pension plans to new and more flexible employment and career schemes. 10. Responding to aspirations of more equality between women and men 11. Making pension schemes more transparent and proving their capacity to overcome obstacles

 Causes of demographic ageing: the baby-boom generation will reach retirement age within the next ten to fifteen years Causes of demographic ageing: the baby-boom generation will reach retirement age...
Ref: P-009744 /00-1
Date: /03/2003
 The common objectives: guaranteeing viable pensions within a context of healthy public finance The common objectives: guaranteeing viable pensions within a context of healthy...
Ref: P-009744 /00-10
Date: /03/2003
 The common objective: adjusting benefits and contributions so as to distribute in a fair manner among generations the financial consequences of an ageing population The common objective: adjusting benefits and contributions so as to distribute...
Ref: P-009744 /00-11
Date: /03/2003
 The common objectives: ensuring that private pension plans are adapted and are financially healthy The common objectives: ensuring that private pension plans are adapted and are...
Ref: P-009744 /00-12
Date: /03/2003
 The common objectives: adapting pension plans to new, more flexible employment and career schemes The common objectives: adapting pension plans to new, more flexible employment...
Ref: P-009744 /00-13
Date: /03/2003
 The common objectives: responding to aspirations of more equality between women and men The common objectives: responding to aspirations of more equality between women...
Ref: P-009744 /00-14
Date: /03/2003
 The common objectives: making pension plans more transparent and proving their capacity to overcome the challenges by systematically informing those interested The common objectives: making pension plans more transparent and proving their...
Ref: P-009744 /00-15
Date: /03/2003
 Causes of demographic ageing: the baby-boom generation will reach retirement age within the next ten to fifteen years Causes of demographic ageing: the baby-boom generation will reach retirement age...
Ref: P-009744 /00-2
Date: /03/2003
 Causes of demographic ageing: the weak birth rate of recent decades Causes of demographic ageing: the weak birth rate of recent decades
Ref: P-009744 /00-3
Date: /03/2003
 Causes of demographic ageing: life expectancy continues to rise Causes of demographic ageing: life expectancy continues to rise
Ref: P-009744 /00-4
Date: /03/2003
 The common objectives: preventing social exclusion of elderly people The common objectives: preventing social exclusion of elderly people
Ref: P-009744 /00-5
Date: /03/2003
 The common objectives: allowing retired persons to maintain their standard of living The common objectives: allowing retired persons to maintain their standard of...
Ref: P-009744 /00-6
Date: /03/2003
 The common objective: promoting solidarity among and within generations The common objective: promoting solidarity among and within generations
Ref: P-009744 /00-7
Date: /03/2003
 The common objectives: increasing employment rates The common objectives: increasing employment rates
Ref: P-009744 /00-8
Date: /03/2003
 The common objectives: prolonging the professional life cycle The common objectives: prolonging the professional life cycle
Ref: P-009744 /00-9
Date: /03/2003



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