{"id":379323,"date":"2025-08-28T03:41:11","date_gmt":"2025-08-28T03:41:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/379323\/"},"modified":"2025-08-28T03:41:11","modified_gmt":"2025-08-28T03:41:11","slug":"1-in-5-europeans-will-retire-in-poverty-without-urgent-reform-eu-watchdog-warns-politico","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/379323\/","title":{"rendered":"1 in 5 Europeans will retire in poverty without urgent reform, EU watchdog warns \u2013 POLITICO"},"content":{"rendered":"

\u201cAutomatically, you will be included in the pension funds if you work. If you don’t want that, you have to consciously opt out.” <\/strong>Currently, she said, people could opt into a workplace pension, but inertia means few do.<\/p>\n

“The assumption is that the inertia will also work the other way around,\u201d EIOPA\u2019s chief said, meaning few people would opt out. Where it is in place, the mechanism works and leads to more people saving through their jobs for their retirement, she said.\u00a0<\/p>\n

The idea is to have “something that is also available for people who are self-employed or who are gig workers, to ensure that also they can save for later,\u201d she added.<\/p>\n

Ultimately national governments must launch such reforms, and the topic of pensions is politically explosive.<\/p>\n

Fran\u00e7ois Bayrou\u2019s French government lost the support<\/a> of the Socialists when workers and employers failed to find an agreement on pension reforms. This summer, Germany\u2019s Chancellor Friedrich Merz suggested that young people save for their retirement, triggering a backlash<\/a> from trade unions in defense of the state pension system.<\/p>\n

How much is at stake?<\/a> In Germany workplace pensions amount to \u20ac267 billion, whereas in Sweden \u2014 a country with one-eighth the population of Germany but where almost everyone has a pension fund \u2014 workplace pension savings amount to \u20ac516 billion, or 92 percent of GDP.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cAutomatically, you will be included in the pension funds if you work. If you don’t want that, you…\n","protected":false},"author":2,"featured_media":379324,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[331,6659,68102,3677,2000,299,5187,37,1945,1824,1197,2199,14790,8175,2441,617,770,3046,2443,812,1200,1201],"class_list":{"0":"post-379323","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-banks","9":"tag-crisis","10":"tag-demographics","11":"tag-digital","12":"tag-eu","13":"tag-europe","14":"tag-european","15":"tag-francois-bayrou","16":"tag-friedrich-merz","17":"tag-germany","18":"tag-investment","19":"tag-italy","20":"tag-labels","21":"tag-labor","22":"tag-markets","23":"tag-pensions","24":"tag-poland","25":"tag-portugal","26":"tag-regulation","27":"tag-sweden","28":"tag-tax","29":"tag-trade"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115104322950592499","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/379323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=379323"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/379323\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/379324"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=379323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=379323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=379323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}