Adopt a comprehensive pension reform that reduces the projected increase in public spending on pensions over the period 2010-60 to 2½ percent of GDP.
Introduced at R0. Macrocritical relevance: Improves fiscal sustainability. At R1, Well advanced; and mostly observed, with follow up at end-December 2010 and end-March 2011. At R2, Legislation has been approved by parliament. An actuarial assessment including supplementary plans will evaluate the need for further adjustments to pensions to secure the full reduction in public pension spending, in order to deliver the full reduction to 2½ percent of GDP .