The Necessity for a Restructuring of the Welfare System

At the Turin conference, authoritative academics, members of the professions, from the world of finance and insurance, policy makers, met to discuss the subject of population ageing. In particular they considered the repercussions of longevity and the increase in life expectancy on the economic sustainability of Welfare systems.
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Flexible Retirement in Europe

1. Introduction

The pensions systems of the enlarged Europe are gradually adapting their individual features to the requirements imposed by population ageing in a situation in which their financial sustainability is coming under ever increasing pressure. One of the main means by which this objective can be attained is the raising of the retirement age. In this regard almost all the recent pension reforms reflect the will to increase incentives for postponing retirement and for encouraging working lives to continue to an older age.
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