Expanding private pension plans coverage is seen as an alternative to address the growing pension gap. Indeed, due to recent reforms, lower public pension system replacement rates are expected for future generations of retirees. However, in most countries, private provision remains voluntary and...

This chapter deals with the French PAYGO mandatory occupational pension scheme for the private sector workers (AGIRC-ARRCO), one of the world's oldest pension point systems. In a first section, we trace the history of the setup of this system which relies on a particular mode of governance...

Recent reforms of public pension systems implemented in various countries, including Spain, have sought to ensure the sustainability of benefits. However, achieving a structural budget balance (i.e. long-run equality between income and expenditure) may result in a decrease in the replacement...