report 2018 pension adequacy

288 Pages·2017·5.7 MB·English

PENSION ADEQUACY
REPORT 2018
CURRENT AND FUTURE INCOME
ADEQUACY IN OLD AGE IN THE EU
VOLUME 2 - COUNTRY PROFILES
European Commission
Directorate-General for Employement, Social Affairs and Inclusion
1049 Brussels
BELGIUM
Manuscript completed in 2018
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PDF ISBN 978-92-79-85660-0 doi:10.2767/653851 KE-01-18-458-EN-N
European Commission
Directorate-General for Employment, Social Affairs and Inclusion
Social Protection Committee

The 2018 Pension Adequacy Report: current and
future income adequacy in old age in the EU

Country profiles
Volume II

Joint Report prepared by the Social Protection Committee (SPC)
and the European Commission (DG EMPL)

2018
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Acknowledgements
The initial drafts for the country profiles in Volume II of the 2018 Pension Adequacy Report
were developed by the European Social Policy Network (ESPN),1 including the national
experts in the 28 EU Member States (Volume II). The ESPN input was coordinated by Slavina
Spasova, Dalila Ghailani and Ramón Peña-Casas.
Subsequently these drafts were reviewed and revised by the Pension Team at the Directorate-
General for Employment, Social Affairs and Inclusion of the European Commission (Audronė
Balkytė-De Smedt, Ettore Marchetti and Valdis Zagorskis) and by the national delegates of the
Working Group on Ageing Issues of the Social Protection Committee.
.

1 The European Social Policy Network: http://ec.europa.eu/social/main.jsp?catId=1135&langId=en.
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Table of Contents
Belgium (BE) ............................................................................................................................. 9
Bulgaria (BG) .......................................................................................................................... 17
Czech Republic (CZ) .............................................................................................................. 26
Denmark (DK) ........................................................................................................................ 36
Germany (DE) ........................................................................................................................ 46
Estonia (EE) ............................................................................................................................ 56
Ireland (IE) ............................................................................................................................. 65
Greece (EL) ............................................................................................................................. 75
Spain (ES) ................................................................................................................................ 85
France (FR) ............................................................................................................................. 95
Croatia (HR) ......................................................................................................................... 103
Italy (IT) ................................................................................................................................ 111
Cyprus (CY) .......................................................................................................................... 122
Latvia (LV) ............................................................................................................................ 132
Lithuania (LT) ...................................................................................................................... 142
Luxembourg (LU) ................................................................................................................ 152
Hungary (HU) ....................................................................................................................... 160
Malta (MT) ............................................................................................................................ 169
The Netherlands (NL) .......................................................................................................... 180
Austria (AT) .......................................................................................................................... 188
Poland (PL) ........................................................................................................................... 198
Portugal (PT) ........................................................................................................................ 208
Romania (RO) ....................................................................................................................... 217
Slovenia (SI) .......................................................................................................................... 228
Slovakia (SK) ........................................................................................................................ 239
Finland (FI) ........................................................................................................................... 247
Sweden (SE) .......................................................................................................................... 257
United Kingdom (UK) .......................................................................................................... 265
European Union (EU) .......................................................................................................... 276
Annex: Background statistics .............................................................................................. 278

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Introduction
Volume II of the 2018 Pension Adequacy Report provides country-specific information on
pension systems and an assessment of the current and future adequacy of pensions.
Every country profile gives, first of all, an overview of the pension system in the country
(Section 1) and the main reform trends (Section 2). Section 3 focuses on the assessment of the
current and future adequacy of pensions and related challenges. Section 4 concludes with the
main opportunities for addressing pension-related challenges.
Finally, every country profile contains tables with background statistics, including the variant
cases of the theoretical replacement rates. The main characteristics of the indicators used for
the background statistics, as agreed by the Indicators sub-group of the Social Protection
Committee, are described in the Annex.

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