"Safe, adequate and sustainable is the guarantee we wish to give to European citizens on pensions. EU coordination is necessary, particularly for the functioning of the internal market, the EU 2020 Strategy and the Stability and Growth Pact. But Member States will keep the lead," said Ria Oomen-Ruijten, presenting her report on pensions.
Ageing populations in all Member States have put existing retirement systems under massive strain and the financial and economic crisis has only increased this pressure. Unfortunately not all the Member States have put money aside for pensions.