Stournaras Warns Future Public Pensions Will Not Be Enough

10 sourcesFirst reported 1 month agoUpdated 1 month ago

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Bank of Greece Governor Yannis Stournaras warns that public pensions will struggle to provide sufficient income for future retirees.
He emphasizes the urgent need to expand occupational pension schemes, currently covering a small fraction of the workforce.
The European Union is advocating for the strengthening of these pension plans to boost long-term savings.
Stournaras also highlights low worker participation and an underdeveloped savings culture as obstacles to growth.
He calls for coordinated efforts by regulators and employers to build public trust in private retirement solutions.

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19 June

Greek Central Bank Chief Warns State Pensions Won't Be Enough, Urges Expansion of Private Plans