BOARD: France as a role model?

Demographic change is putting increasing pressure on pay-as-you-go pension schemes. Many countries have therefore moved to supplement the pay-as-you-go system with funded schemes backed by shares. Employer-organised share-based pension schemes can also make a substantial contribution to retirement income, write our Executive Director Henriette Peucker and our Head of Think Tank Dr Norbert Kuhn in their guest article for BOARD. The authors have examined occupational pension schemes and reform efforts in France and Germany and derived recommendations for action in Germany.

The article was published in print on 20 May 2026.