1. Structural Reforms Without Prejudices
2. The replacement rate is the ratio between the average first public pension (old-age earnings-related part) and the average wage at retirement. In Cyprus, Portugal and Spain, the benefit ratio is projected to decline by around 20 pp. over the period 2013-60 (against -9.5 pp. on average in the euro area). The replacement rate is projected to decrease by more than 30 pp. in Spain, and close to 27 pp. in Portugal over the same period (against around -9 pp. on average in the euro area);The benefit ratio is the ratio between average public pension benefits and the economy-wide average wage,2000
3. Private (occupational and individual) pension schemes expenditure in 2013 and 2060 Notes: The table only presents the countries which provided data for private pension schemes;A Table;Source: Ageing Report,2015
4. Thar an Tairseach: Aistí ar Litríocht agus ar Chultúr na nÓg