In recent years, pension systems have been subject to reforms
in practically all Council of Europe member States. Often, these
have been mainly aimed at enhancing the sustainability of systems
facing demographic changes (ageing population and higher life expectancy)
resulting in longer retirement periods overall, but, more recently,
also at reacting to the impact of the financial and economic crisis.
Whilst the viability of retirement systems is in the process
of being consolidated, all countries are not yet in a position to
guarantee adequate levels of retirement pensions to all pensioners
in the foreseeable future. The Parliamentary Assembly should invite
the member States of the Council of Europe to constitute retirement schemes
which are balanced between several pillars, by preserving the intergenerational
solidarity of pay-as-you-go systems whilst opening up to new modes
of financing by capitalisation.
Special support has to be given to social categories which
do not have the same possibilities for preparing their retirement,
in particular women who have to interrupt their professional activity
due to their responsibilities with regard to dependent persons (children
or parents), people with disabilities or migrants.