Pension policy is not safe from the potentially dramatic consequences of the pandemic. But in terms of pension politics, the pandemic also represents a window of opportunity to rethink the political debate on the future reform agenda.

The present policy brief sheds light on the short- and long-term consequences of Covid-19 for pensions in Europe. The short-term measures have consisted of temporary reduction and/or deferral of social contributions, ad hoc benefits for at-risk elderly, and the provision of additional resources to the social security budget. However, the longer-term effects are projected to be massive both for financial sustainability and social adequacy.

Although there seems to be an open room for social spending to buffer the effects of the crisis, still, pension policies recall old debates regarding the intergenerational clash between younger generations in need of greater financial support and older generations with unsustainable social (and pension) rights.

Buy printed version
€ 5.00
en

Table of contents

Pensions in the age of Covid-19. Recent changes and future_2020 final.pdf

Related content

Ana Podvršič, Joachim Becker, Dóra Piroska, Tomáš Profant, Vladan Hodulák

Mitigating the Covid-19 effect

This paper analyses the economic policy-making in the first phase of the epidemic in five Central Europe countries, Austria, Czechia... Find out more

EU-western Balkans relations at the time of the Covid-19 crisis

This issue of the SEER Journal for Labour and Social Affairs in Eastern Europe for 2020 focuses on EU-western Balkans relations at the time... Find out more

Essential but unprotected: highly mobile workers in the EU during the Covid-19 pandemic

The Covid-19 pandemic has shown that highly mobile workers who frequently move either within or in and out of the European Union (EU) are... Find out more

Covid-19 contact-tracing apps: how to prevent privacy from becoming the next victim

Contact-tracing apps to combat the Covid-19 pandemic have increasingly been mentioned as useful tools to accompany and contribute to a... Find out more