The European Commission has released a Green Paper on European pension systems with a view to inviting comments from key stakeholders on how the EU could act to achieve ‘adequate, sustainable and safe’ pensions for EU citizens. The open consultation was initiated by EU Commissioners Olli Rehn (Economic and Monetary affairs), Michel Barnier (Internal Market and Services) and László Andor, (Employment, Social Affairs and Inclusion). The paper highlights demographic aging, changes in pension systems and the impact of the financial and economic crisis as the key challenges to pension reform. Interested parties can submit their views via the website (http://ec.europa.eu/yourvoice/ipm/f...) until 15 November 2010.

Photo : EC Audiovisual Service