scheme ("second pillar") that will provide increasing amounts of supplementary pensions to those entering retirement in the … reforming the system, highlighting their potential impact on pension finances, public budgets, and retirement incomes. …

gradual increase in retirement ages to 67 for both men and women. The results suggest that the combined effect of both reforms … generations. The effect of higher retirement ages on benefit levels is also positive, especially for those having standard job …

implementation delays. We find that in response to structural pension retrenchments without delays, people close to retirement stay … that change retirement age and contribution years and that come with longer implementation delays …