The Public Pension Systems and the Economic Crisis

Autor: María de la Cruz del Río-Rama, Borja Encinas-Goenechea, Robert Meneu-Gaya
Rok vydání: 2020
Předmět:
Zdroj: Economic Challenges of Pension Systems ISBN: 9783030379117
DOI: 10.1007/978-3-030-37912-4_3
Popis: Concern about the long-term sustainability of European public pension systems has been a permanent feature for decades due to the unstoppable ageing of the population, but demographic change is not the only factor of concern. A deep economic and financial crisis has been added to this structural problem, whose impact on economic growth and job creation has further aggravated the situation. The combination of these two challenges has created a “perfect storm”, which is forcing most European countries to introduce far-reaching reforms in their pension systems with the aim of ensuring their sustainability. This chapter analyses the main measures that the different EU-28 countries have addressed since the beginning of the crisis to ensure the sustainability of their pensions. The wide range of measures taken include delaying the retirement age and introducing sustainability factors and automatic adjustment mechanisms.
Databáze: OpenAIRE