Pension adequacy report underlines importance of resilient European pension systems in the face of global challenges
Ministers of Employment and Social Affairs have adopted council conclusions on pension adequacy, following the publication of the 2024 Pension Adequacy Report, drafted by the Commission and the Social Protection Committee.
The report highlights that European pension systems have protected retired Europeans’ living standards in the face of global challenges. Resilient public pensions, indexation, and redistribution mechanisms have maintained pension adequacy during crises.
However, pensions are predicted to decrease, calling for reinforced policies to promote longer careers, healthy ageing policies, inclusive labour markets, and greater flexibility in retirement pathways. The report calls for further reforms to ensure fair retirement security for all and prevent socio-economic inequalities from increasing with age, amid demographic and labour market changes.
The Pension Adequacy Report has two volumes:
- the first analyses the EU’s overall pension adequacy and the impact of recent crises on pensioners’ living standards
- the second provides detailed profiles of pension systems in each of the 27 Member States and Norway
