FINANCIAL VIABILITY AND REFORM PENSION SYSTEM IN THE EUROPEAN UNION
Abstract
Most European Union Member States are developing reforms of their public systems in order to respond to the aging of their populations and the pressure of financial markets to assure their long-term financial viability.
This article explores the financial viability of the pension systems, and their impact on public finance, the pensions policy in the European Union, the public systems of pensions in the European Union Countries and the main components of the different reforms (changes in legal retirement age, pension benefits, sustainability factor and so on) in recent decades aimed at strengthening the future sustainability of the pensions systems.
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