Pension Reform Archives - Page 2 of 50 - Pension Policy International

14AugAugust 14, 2026

German pensioners facing uphill battle to make ends meet as economic stagnation bites

Millions of pensioners in Germany are struggling to make ends meet due to fixed incomes, rising costs of housing, utilities, and healthcare, and inadequate retirement savings as the country undergoes a period of economic stagnation. In Germany, the risk of poverty generally does not refer to extreme poverty as seen in some developing countries, but rather to relative poverty, which is measured in relation to the median income of the country’s total population. According to the European Union Statistics on Income...

August 14, 2026

NewsGermany, Pension Reform

24JulJuly 24, 2026

When States Break Promises: Informal Insurance Responses to Pension Reform

By Alina Malkova When governments expand pension systems, families reduce intergenerational transfers. This paper tests the reverse: do families substitute back toward informal insurance when governments renege on pension promises? I study Russia’s 2014 funded pension freeze, which eliminated future contributions for workers born after 1967, using RLMS panel data (2010–2023) and a cohort difference-in-differences design. Affected households increased financial transfers to adult children by 3.5 percentage points under a conservative age×year fixed effects specification and by 6.5 percentage points...

July 24, 2026

Articles, System Characterization2026, Pension Reform, Russia

24JulJuly 24, 2026

UK. Torsten Bell reappointment welcomed as pension reforms gather pace

Torsten Bell’s reappointment to his dual role at the Department for Work and Pensions and HM Treasury has been broadly welcomed by the pensions industry. However, experts have reiterated the need for stability and a sharper focus on delivering reforms. Bell will remain pensions minister following the government reshuffle confirmed on 22 July, avoiding what former pensions minister Steve Webb described as “a third new pensions minister in barely two years”. Webb, now a partner at consultancy LCP, said frequent ministerial changes...

July 24, 2026

NewsPension Reform, Regulation, UK

09JulJuly 9, 2026

Germany Plans to Implement Proposed Pension Reforms by the End of 2026

The commission’s recommendations are, for now, political proposals. Concrete implementation—such as through legislative procedures—is still pending. Nevertheless, the proposed key points are notable because they may affect typical human resources and compensation structures—and because the federal government has sent a clear signal that it intends to implement all proposals. At the heart of a potential reform is the goal of placing the statutory pension system on a more stable long-term financial footing and broadening Germany’s overall retirement savings framework beyond...

July 9, 2026

NewsGermany, Pension Reform

02JulJuly 2, 2026

German coalition agrees on sweeping reform package in key breakthrough

German Chancellor Friedrich Merz’s ruling coalition has unveiled a sweeping package of tax, labour and pension reforms aimed at reviving Europe’s largest economy and countering a surge by the far right. The “Programme for Revival and Employment” announced on Thursday includes about 10 billion euros ($11.4bn) in annual income tax relief targeted at lower and middle-income earners, taking effect from January 1, 2027. The 34 reform measures also include an overhaul of the creaking pension system, tougher rules for employees’ sick...

July 2, 2026

NewsGermany, Pension Reform

01JulJuly 1, 2026

Germany’s ruling coalition to meet for crunch talks on reform package

The leaders of Germany's ruling coalition parties are meeting on Wednesday for what could be decisive talks on their reform package, with decisions on tax relief for low and middle incomes, labour market reforms, pensions, health care and long-term care all on the agenda. Whether decisions will be reached on Wednesday is unclear. Negotiations could also run into the night, with the coalition determined not to let itself be pressured by deadlines. A commission has already put forward proposals on pension...

July 1, 2026

NewsGermany, Pension Reform

25JunJune 25, 2026

German reforms could see €400bn private pension boost

Germany’s reform of its public and occupational pension system could see more than €400bn flow into the scheme over the next decade, following recommendations made in a report published on Tuesday by the country’s pension commission. In an 80-page submission, the commission – Alterssicherungskommission – made 33 recommendations to the government as to how to reform the country’s public and occupational pensions. If fully implemented, IPE analysis suggests the reforms could see capital inflows of more than €400bn across the pillars...

June 25, 2026

NewsGermany, Pension Reform

24JunJune 24, 2026

Merz backs plans to raise Germany’s retirement age to 70 in pension changes

Germany will gradually raise its retirement age to about 70 by the early 2090s under recommendations backed by the chancellor, Friedrich Merz, as a means of future-proofing the pension system for an ageing population. Presenting its findings on Tuesday, an expert commission set up to explore reforms to the pension system said retirement age should be linked to rising life expectancy and early retirement should be scrapped. “No citizen needs to worry,” said Merz, as he said the measures would prevent the collapse...

June 24, 2026

NewsGermany, Pension Reform, Retirement Age

11JunJune 11, 2026

Spain. Pension specialists denounce the short-term approach and demand reforms with a long-term horizon

Several pension specialists have denounced this Tuesday the short-term nature that, in their opinion, has dominated the debate on the future of the system and have urged to face its sustainability with a long-term perspective. In a conference promoted by Funcas and the Association of Journalists of Economic Information (APIE), the professor of Sociology at UNED and researcher at Funcas, Elisa Chuliá, stated that the 2023 pension reform has implied a "paradigm shift" compared to previous modifications. As she explained, while...

June 11, 2026

NewsPension design, Pension Reform, Spain

09JunJune 9, 2026

Ukraine plans to completely change pension calculation system

Ukraine is preparing a major pension reform that would completely overhaul the pension calculation system. According to Censor.NET, this was announced by MP Olga Vasylevska-Smahliuk while commenting on the government’s reform proposal. Under the proposed changes, pensions would consist of two parts: a basic component and an insurance component. What the government is proposing The basic portion of the pension will be funded by the state. The insurance portion will depend on a person’s length of service and the contributions they have paid. The government is also proposing to introduce...

June 9, 2026

NewsPension Reform, Ukraine

August 2026

German pensioners facing uphill battle to make ends meet as economic stagnation bites

July 2026

When States Break Promises: Informal Insurance Responses to Pension Reform

UK. Torsten Bell reappointment welcomed as pension reforms gather pace

Germany Plans to Implement Proposed Pension Reforms by the End of 2026

German coalition agrees on sweeping reform package in key breakthrough

Germany’s ruling coalition to meet for crunch talks on reform package

June 2026

German reforms could see €400bn private pension boost

Merz backs plans to raise Germany’s retirement age to 70 in pension changes

Spain. Pension specialists denounce the short-term approach and demand reforms with a long-term horizon

Ukraine plans to completely change pension calculation system