Strategic Pensions Report 2025 Open for Consultation

The report by the group of experts, led by Permanent Secretary Mark Musu’, forms part of the five-yearly legal review of pensions in Malta, focusing on adequacy, sustainability, and social solidarity.

The review is taking place during a period of rapid demographic changes – a decline in fertility rates and an increase in life expectancy.

Thanks to a strong increase (almost double) in social security contributors over the past 15 years and recent pension improvement reforms, adequacy has improved by around 5 percentage points since 2020.

Long-term projections also show improved sustainability, with the point at which expenditure begins to exceed income – previously estimated to occur in 2051 – now extended by three years to 2054.

This allows for no consideration of any increase in retirement age or in the social security contribution rate.

However, the Pensions Strategy Group emphasises several structural issues that require further analysis.

The public is invited to provide feedback on 14 questions as part of the public consultation by Friday, 3 April 2026.

This will help the Group shape its recommendations on the future direction of the pension system in our country.

The report can be accessed at this link: Strategic Review on the Adequacy, Sustainability, and Solidarity of Malta’s Pension System