Towards Better Consideration of Pension Liabilities in European Union Countries

The goal of this study is to provide a broad picture of explicit and implicit pension liabilities in the EU-27 countries’ pension systems, together with an assessment of the risks each of them face. As structural deficits become a target in the Eurozone and beyond, it is fundamental to evaluate the extent to which the increasing funding needs, and the decreasing funding basis of public pensions, could add to public deficits.