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14 May 2003
Key among the findings is that with the 'baby-boom' generation reaching retirement age in the next 10 to 15 years, low birth rates in recent decades and increasing life expectancy, the ratio of people over 65 to people of working age will double between now and 2050. In most member states, pensions expenditure is expected to rise significantly from about 2015 onwards. Other challenges will include the need to adapt systems to more flexible working and career patterns, and the changing roles of men and women in society.
In addition, while EU countries have made some progress towards reforms to supplement and strengthen future pension provision to deal with these challenges, most need to take further action.
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