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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 people2. Allowing retired persons to maintain their living standards3. Promoting solidarity among and within generationsFinancial viability of pension schemes:4. Raising employment rates5. Prolonging the professional life cycle6. Guaranteeing viable pensions within the framework of healthy public finance7. Adjusting benefits and contributions in a balanced fashion8. Ensuring that private pension schemes are adapted and financially healthyAdapting 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 men11. Making pension schemes more transparent and proving their capacity to overcome obstacles
Viable and adequate pensions
Causes of demographic ageing: the baby-boom generation will reach retirement age within ...
Reference: P-009744
Date:
Viable and adequate pensions
The common objectives: guaranteeing viable pensions within a context of healthy public ...
Reference: P-009744
Date:
Viable and adequate pensions
The common objective: adjusting benefits and contributions so as to distribute in a fair ...
Reference: P-009744
Date:
Viable and adequate pensions
The common objectives: ensuring that private pension plans are adapted and are financially ...
Reference: P-009744
Date:
Viable and adequate pensions
The common objectives: adapting pension plans to new, more flexible employment and career ...
Reference: P-009744
Date:
Viable and adequate pensions
The common objectives: responding to aspirations of more equality between women and men
Reference: P-009744
Date:
Viable and adequate pensions
The common objectives: making pension plans more transparent and proving their capacity to ...
Reference: P-009744
Date:
Viable and adequate pensions
Causes of demographic ageing: the baby-boom generation will reach retirement age within ...
Reference: P-009744
Date:
Viable and adequate pensions
Causes of demographic ageing: the weak birth rate of recent decades
Reference: P-009744
Date:
Viable and adequate pensions
Causes of demographic ageing: life expectancy continues to rise
Reference: P-009744
Date:
Viable and adequate pensions
The common objectives: preventing social exclusion of elderly people
Reference: P-009744
Date:
Viable and adequate pensions
The common objectives: allowing retired persons to maintain their standard of living
Reference: P-009744
Date:
Viable and adequate pensions
The common objective: promoting solidarity among and within generations
Reference: P-009744
Date:
Viable and adequate pensions
The common objectives: increasing employment rates
Reference: P-009744
Date:
Viable and adequate pensions
The common objectives: prolonging the professional life cycle
Reference: P-009744
Date:

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