Demographic, economic and societal changes over the next 50 years will affect pension systems in many different ways.
Developing countries are expected to face rapid population growth.
1. Introduction: The Pension Challenge
Pension systems are one of the great achievements of the welfare States in Europe in the last century and remain a key element of our social model(s) also in this century. The fact that poverty is no longer the status quo for people who stop working and that many are able to maintain their standard of living after retirement are key achievements of social protection policies.