The Four Pillars: Looking at the Last 25 Years and the Next 25 Years
Life and Pensions (Four Pillars) Newsletter No. 50
The year 2012 marked the 25th anniversary of the Four Pillars Programme. The Programme was set up in 1987, with the aim of studying the key importance in the new service economy of Social Security, Insurance, Savings and Employment, the four key components of retirement systems. The Programme focuses on the future of pensions, welfare, insurance and employment. The main key drivers for this work are changing demography and its financing impact; complementarity between social security and insurance; and the changing perspective of the welfare state, employment and
life cycles. This report reviews the past 25 years and assesses the future challenges for retirement systems.
