Conference Paper

Today Europe has different pension systems. According to the history of forming, there are some based on the Bismarck model, like in central and southern Europe; and others on Beveridge’s model, like in UK, Ireland, Netherlands and Cyprus; and those based on the Scandinavian model in the Scandinavian countries. In the past two decades there are pension reforms that are conducted in the eastern European countries based on the World Bank model. Most Western European countries did not reform their pension systems. In the past two decades they have made only adjustments but not reforms.