Pension policy in EU25 and its impact on pension benefits

This article provides a brief summary of the most recent changes in public pension policies in the countries of the European Union and describes how they affect pension benefits for future pensioners. The pension systems in Europe have been changing fast. The common trends are that the generosity of public pension benefits is on the decline, the changes are likely to shift more risks towards individuals and there are fewer possibilities of redistribution. Our analyses point towards the importance of a more comprehensive assessment of these reforms so as to reduce the risk of pensioner poverty in the future.