Pension reform, from 1 January 2013 a reality in Luxembourg
Introduction
The need for a reform of the pension systems has been the subject of intense debate in the media for several years now, both in Luxembourg and in the surrounding countries.
In the Grand Duchy, this debate has been relatively muted. The principal reason for this restraint has been the current surplus in the private sector pension system arising from the increase in employment over the last thirty years, thus masking the need for reform.