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Pension reform18th of May 2011
The European Commission is working to convince member states to adopt 'automatic adjustments' in pension legislations so the retirement age is pegged to longevity.
The question of how to reform Europe's generous pension systems is growing in importance as Europe's population continues to age.
Consequently, while at present there are four people of working age for every person over 65, by 2060 there will be just two. The burden on public finance is expected to grow steadily without significant policy changes.
Three commissioners are involved in shaping EU policy on pensions with the intention of encouraging reform.