Half-reforms for the few

The article provides a critical look at the ongoing pension reform dialogue involving the government, unions, and employer organizations. It argues that current proposals focus on protecting high earners while ignoring the long-term risk of poverty for future retirees. The author critiques the push to abolish the 12% actuarial reduction, viewing it as a populist move rather than a structural improvement. There is a significant concern that without addressing actuarial deficits now, future generations will suffer from pension inadequacy. Despite favorable economic growth, there is a lack of political will to increase contributions or implement necessary institutional changes. The piece warns that current half-reforms will ultimately fail to provide a dignified standard of living for the majority of citizens.