A Legal Analysis of the Pension Fund System in the European Union

The management and status of pension funds have always been a major concern in modern societies. In terms of functions, these funds have a multifaceted impact. The deterioration of pension funds can have serious effects on society and the economy. The situation of pension funds in Europe has long been under scrutiny, and legal studies in this area are conducted with foresight and caution. Officials realized that neglect of the pension funds could engulf these funds in a crisis of legitimacy and efficiency. Therefore, they implemented continuous reforms according to the requirements of each country. In this paper, an attempt has been made to examine the evolution of the concept of social support in European countries in the context of the welfare state. However, it should be borne in mind that the level of development of the funds is not the same among European countries. Also, the role of the European Union in implementing reforms in the pension programs of member states is significant.