The European Union said “more needs to be done” by EU member states to ensure adequate pensions across the bloc.
“Member states pay more and more attention to sustainable, adequate pensions in their reforms, but further measures will be needed in the future,” according to the latest Pensions Adequacy Report, published on Monday.
“Our priority must to be to pursue ongoing reforms that encourage adequate pensions for everyone,” Marianne Thyssen, Commissioner for Employment, Social Affairs, Skills and Labour Mobility, said in a statement. “Adequate pensions are essential in preventing poverty and social exclusion among older people in Europe, especially women. And we need to make that sure that people in non-standard work or self-employment are not left out,” she said.