Retirement Reform

Retirement reform refers to changes made to the systems and policies governing pensions, retirement savings, and social security to improve financial security for retirees. These reforms can involve adjustments to the eligibility age, benefit calculations, funding mechanisms, and the overall structure of retirement programs. The goal of retirement reform is to ensure sustainability, adequacy, and fairness in retirement income, addressing challenges such as an aging population, increasing life expectancy, and the potential shortfalls in existing retirement systems. Reform efforts may also aim to encourage personal savings and investment for retirement, enhance access to retirement plans, and protect retirees from financial risks. Overall, retirement reform seeks to create a more viable and equitable framework for supporting individuals in their post-working years.