Pension Schemes (White Paper)

The Commission presents its ideas on how to safeguard adequate, safe and sustainable pensions in the Member States. The Commission sees urgent need for action in pay-as-you-go pension schemes – which are mainly public – of Member States in order to address demographic change. With regard to funded schemes the Commission mainly calls for an EU-wide regulation and supervision. 


Raising, as proposed to Member States, both the statutory and effective retirement age and the female employment rate are right as they could lessen the financial burden engendered by demographic change. A blanket regulation based on Solvency II criteria render the occupational pension schemes unnecessarily expensive and therefore less attractive for employers and employees.