Pensions,Work and Retirement

European Economic and Social Committee, Bâtiment Jacques Delors (JDE) 99-101, rue Belliard, 1040 Bruxelles. 14:10 for 14:30 start, 18 June 2012

This event was hosted by the European Economic and Social Committee and was kindly supported by Prudential

The recently published White Paper (An Agenda for Adequate, Safe and Sustainable Pensions) highlighted the urgency for European action on pensions. The introduction stated:

Unless women and men, as they live longer, also stay longer in employment and save more for their retirement, the adequacy of pensions cannot be guaranteed as the required increase in expenditure would be unsustainable.

Together, longevity growth and the transition into retirement of the baby-boomers will have far-reaching economic and budgetary consequences in the EU, reducing the economic growth potential and exercising pressure on public finances.  (COM/2012/055)

The Commission highlighted that these challenges are “further aggravated by the current financial and economic crisis.” (COM/2012/055)

Later this year, the European Parliament will be discussing and drafting a report (with MEP Ria Oomen-Ruijten as rapporteur) on the Commission’s White Paper.

This debate considered how Europe's policy framework is supporting and engaging with the long term savings debate through both the Pensions White Paper and future regulation of pensions.

Alongside the debate, ILC will publish a draft report which will

  • Highlight the broad pensions/retirement saving context across Europe
  • Explore the potential context of the economic crisis in relation to pension saving
  • Consider broader cultural and social change which may influence the European role
  • Review recent developments including the Pensions White Paper.

This draft report was debated at the event and ILC will produce a final report incorporating the debate on the day (comments of participants will be non-attributable).

This event was organised by the ILC. There are three ILC members across the European Union. The ILC is an independent, non-partisan charity dedicated to addressing issues of longevity, ageing and population change. We develop ideas, undertake research and create a forum for debate.

ILC is a member of the International Longevity Centre Global Alliance (ILC Global Alliance), a multinational consortium consisting of member organisations. The Global Alliance aims to help societies to address longevity and population ageing in positive and productive ways, typically using a life course approach, highlighting older people's productivity and contributions to family and society as a whole.

The event toot the form of a panel discussion featuring speakers from the European institutions, followed by contributions from the audience.  The discussion, which took place in English, began at 14:30 and finished at 16:45.  Refreshments were available before and afterwards.

Speakers included:

  • Mervyn Kohler, Age Platform Europe Social Protection Group
  • Maureen O’Neill, European Economic and Social Committee
  • David Sinclair, International Longevity Centre
  • Fritz von Nordheim, European Commission
  • Xavier Verboven, Vice President, Labour Market Observatory of the EESC
  • Chris Verhaegen, Chair, EIOPA Occupational Pensions Stakeholder Group
  • Ria Oomen-Ruijten MEP, rapporteur of the European Parliament on the Whitepaper on Pensions