Pension cuts in EU Member States: Research on pension cuts in public pensions and employer sponsored private pensions

For the purpose of this research, pension cuts are defined as a decrease in retirement benefits currently paid to retired citizens and (2) a decrease in accumulated pension rights related to past years of service. This paper focusses on such pension cuts in public pensions and employer sponsored private pensions in all Member
States and the U.K. (hereafter the Member States) Similar to pension cuts is the adjustment of pensions to inflation or wage increase. As a result, such adjustments are included in the research. The research also includes many recent pension reforms in the Member States.