Belgium calls on 12 experts to reform Belgian pension system

Belgian minister for pensions Alexander de Croo and Belgian politician Sabine Laruelle have announced that 12 industry experts have been put in charge of preparing a second instalment of pension reform to the Belgian pension system for between 2020 and 2040.

Speaking to Belgian news channel RTL, Laruelle stated that a new system must be implemented that “must last” and be “financially stable.” An initial Belgium reform had targeted longer careers and the harmonisation of the minimum pension.

In 2010, 17 per cent of the population were over 65 and this figure is expected to increase by 25 per cent by 2060.

Further, the number of active workers is expected to decline from 2.5 per pensioner in 2012 to 1.5 per pensioner in 2040.

UCL professor Jan Hindriks stated: “A good pension system is certainly favourable to competitivity, and is another reason to reform our pension system which is no longer able to resist the impact of ageing.”

Among the experts are Jean Hindriks and former member of the Flemish parliament Frank Vandenbroucke.

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