Pensions in the European Union: Adapting to Economic and Social Change 53 Vision und Strategie eines Unternehmens

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Pensions in the European Union: Adapting to Economic and Social Change 53 Vision und Strategie eines UnternehmensThe ageing, financial and labour market challenges facing the old age pension systems of the member states of the European Union are well known. Those who cast doubt on the ability of the present system of pension provision at least to the extent that it is pay as you go financed to cope with the problems posed by these challenges are getting more vociferous. Increasingly there are calls for pay as you go systems to be cut back and for funded systems