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Private Pension Expansion in the EU: Obstacles and Opportunities International Council for Capital Formation Policymakers around the world are concerned about their country's pension systems and are constantly trying to reform the current systems to meet the needs of increasingly aging populations, tightening budgets and increased movement of workers across international boundaries. Many countries are either moving away from state sponsored, pay-as-you-go (PAYG) pension models or complementing the existing system with additional tiers. The success of these reforms in meeting these goals is still an important question. This report investigates the current retirement systems across countries and shows the worldwide trends in pension reform.
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