Pension Systems in the EU. Contingent Liabilities and Assets in the Public and Private Sector

  • Christine Mayrhuber
  • Gerhard Rünstler
  • Thomas Url (WIFO)
  • Werner Eichhorst
  • Michael J. Kendzia (Forschungsinstitut zur Zukunft d Arbeit (Inst.for the study of Labor))
  • Maarten Gerard (IDEA Consult)
  • Connie Nielsen (NIRAS)

This study provides an overview of the different pension systems across EU member countries and describes contingent liabilities and assets in the public and private sectors. Therefore, the study assesses both the recent development of the pension schemes and the current stay of play. As a result, good practices are identified and sound features commended which are to be implemented across the EU. Key elements of an adequate and sustainable pension scheme include, for example, a higher labour market participation rate, most notably amongst older workers, a higher retirement age and an appropriate mix of pension pillars.