Overview

• Upb projects a drop of about 700,000 workers by 2030 and 1.8 million by 2035 if current employment rates persist.
• Pension and healthcare spending is forecast to peak at 28.3% of GDP around 2036 and remain elevated through 2040.
• Long-term public finances would remain broadly stable under the contributory pension system if automatic age adjustments are preserved.
• Cavallari opposed government proposals to pause pension age indexation and stressed its importance for controlling future spending.
• The Upb called for coordinated reforms on labor participation, family incentives, work-life balance, education and skilled immigration.