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Europe Daily Bulletin No. 8778

4 September 2004
Contents Publication in full By article 31 / 33
GENERAL NEWS / (eu) eu/social
Observatory of Industrial Relations (EIRO) says State pensions should remain major source of revenue for retired

Brussels, 03/09/2004 (Agence Europe) - The main source of revenue for retired people should continue to be traditional State pensions. The social partners will, however, look at how to adapt professional and private pension systems in the light of demographic change. The falling birth rate, and, most of all, an increased life expectancy and the ageing of the "baby boomers" have built up the pressure on the sustainability of current pension schemes. This was a major finding of a recent study...

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