Eurostat

The supplementary table on accrued-to-date  pension entitlements in social insurance (pensions in National Accounts) is compiled in accordance with the European System of Accounts (ESA 2010) and is transmitted by EU Member States, EEA Members (Norway, Iceland) and Switzerland following the ESA2010 transmission programme (Table 29) established by the Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union, annexes A and B respectively). By introducing this table, ESA 2010 added enhanced reporting on pensions, covering both entitlements of pension schemes recorded in the core national accounts, and unfunded "pay-as-you-go" pension schemes managed by general government. The latters' entitlements are excluded from the core national accounts and are considered as contingent liabilities. However, full coverage of all pension schemes in one table provides a complete overview of organisation of pension social insurance in a given country and enhances cross-country analysis of pension entitlements of households. At the same time, it should be stressed that accrued-to-date pension entitlements in social insurance are not a measure of the sustainability of public finances and not part of government debt. The European reporting system on age-related expenditure is multifaceted. National accountants focus in this dataset on already earned (accrued-to-date) pension entitlements of current persons employed and current pensioners, whereas the Economic Policy Committee (EPC) is analysing the impact of ageing on European societies from a wider angle. The EPC'S Ageing Report includes estimates for pension entitlements (and related contributions) being accrued in the future. Data are presented by means of two tables: 1.  "Accrued-to-date pension entitlements in social insurance" (nasa_10_pens1) The table gives an overview of accumulation of pension entitlements by all types of social insurance pension schemes (defined contribution vs. defined benefit schemes, private vs. general government schemes, core accounts schemes vs. social security schemes) in a given period due to pension contributions, payment of pension benefits and other changes. 2. "Sensitivity analysis of accrued-to-date pension entitlements in general government pension schemes outside of core national accounts" (nasa_10_pens2) The data on unfunded general government pension schemes outside of core national accounts are based on actuarial calculations. Thus, the results for pension entitlements depend to a large extent on the underlying assumptions. To ensure a consistent approach and cross-country data comparability, actuarial assumptions for these schemes in ESA 2010 Table 29 are aligned with those proposed by the EPC Ageing Working group (AWG), including the discount rate to calculate present value of pension entitlements. Actuarial assumptions are regularly reviewed by the AWG in the framework of 3-yearly Ageing reports. Analysis shows that the discount rate is the most important parameter that impacts on the resulting value of pension entitlements. Therefore, table 2 shows how the outcome of actuarial calculations varies based on a different choice of discount rate. Three scenarios are presented as follows under SECTOR dimension: S13_BC – base case scenario with current discount rate 5% in nominal terms (3% in real terms) S13_SC1 –scenario with discount rate 1 percentage point less than in base case S13_SC3 –scenario with discount rate 1 percentage point higher than in base case Data, as far as they are available, are expressed in national currency and millions of euro in current prices. In line with ESA2010 Transmission programme requirements data series start from 2015 and are to be transmitted on 3-yearly basis. Countries may transmit longer time series or transmit data annually on voluntary basis.

This ad-hoc module "transition from work to retirement" aimed at answering the following main questions: how people leave the labour market,why they left the labour market,why they did not stay longer and,how long the active population, aged 50 to 69, expects to be in the labour market.

The indicator is defined as the ratio of the median individual gross pensions of 65-74 age category relative to median individual gross earnings of 50-59 age category, excluding other social benefits. For 2004-2005 data, aggregate income replacement ratio is based on net income components for ES, EL, IT, LV, PT. EU aggregate figures are calculated as population-weighted averages of national values.

Ratio of the median individual gross pensions of 65-74 age category relative to median individual gross earnings of 50-59 age category, excluding other social benefits.

The indicator is defined as the ratio of the median individual gross pensions of 65-74 age category relative to median individual gross earnings of 50-59 age category, excluding other social benefits. The indicator is based on the EU-SILC (statistics on income, social inclusion and living conditions).

Structural business statistics (SBS) describes the structure, conduct and performance of economic activities, down to the most detailed activity level (several hundred economic sectors). SBS are transmitted annually by the EU Member States on the basis of a legal obligation from 1995 onwards.   SBS covers all activities of the business economy with the exception of agricultural activities and personal services and the data are provided by all EU Member States, Norway and Switzerland, some candidate and potential candidate countries. The data are collected by domain of activity (annex) : Annex I - Services, Annex II - Industry, Annex III - Trade and Annex IV- Constructions and by datasets. Each annex contains several datasets as indicated in the SBS Regulation. The majority of the data is collected by National Statistical Institutes (NSIs) by means of statistical surveys, business registers or from various administrative sources. Regulatory or controlling national offices for financial institutions or central banks often provide the information required for the financial sector (NACE Rev 2 Section K / NACE Rev 1.1 Section J). Member States apply various statistical methods, according to the data source, such as grossing up, model based estimation or different forms of imputation, to ensure the quality of SBSs produced. Main characteristics (variables) of the SBS data category: Business Demographic variables (e.g. Number of enterprises)"Output related" variables (e.g. Turnover, Value added)"Input related" variables: labour input (e.g. Employment, Hours worked); goods and services input (e.g. Total of purchases); capital input (e.g. Material investments) All SBS characteristics are published on Eurostat’s website by tables and an example of the existent tables is presented below: Annual enterprise statistics: Characteristics collected are published by country and detailed on NACE Rev 2 and NACE Rev 1.1 class level (4-digits). Some classes or groups in 'services' section have been aggregated.Annual enterprise statistics broken down by size classes: Characteristics are published by country and detailed down to NACE Rev 2 and NACE Rev 1.1 group level (3-digits) and employment size class. For trade (NACE Rev 2 and NACE Rev 1.1 Section G) a supplementary breakdown by turnover size class is available.Annual regional statistics: Four characteristics are published by NUTS-2 country region and detailed on NACE Rev 2 and NACE Rev 1.1 division level (2-digits) (but to group level (3-digits) for the trade section). More information on the contents of different tables: the detail level and breakdowns required starting with the reference year 2008 is defined in Commission Regulation N° 251/2009. For previous reference years it is included in Commission Regulations (EC) N° 2701/98 and amended by Commission Regulation N°1614/2002 and Commission Regulation N°1669/2003. Several important derived indicators are generated in the form of ratios of certain monetary characteristics or per head values. A list with the available derived indicators is available below in the Annex.

Structural business statistics (SBS) describes the structure, conduct and performance of economic activities, down to the most detailed activity level (several hundred economic sectors). SBS are transmitted annually by the EU Member States on the basis of a legal obligation from 1995 onwards.   SBS covers all activities of the business economy with the exception of agricultural activities and personal services and the data are provided by all EU Member States, Norway and Switzerland, some candidate and potential candidate countries. The data are collected by domain of activity (annex) : Annex I - Services, Annex II - Industry, Annex III - Trade and Annex IV- Constructions and by datasets. Each annex contains several datasets as indicated in the SBS Regulation. The majority of the data is collected by National Statistical Institutes (NSIs) by means of statistical surveys, business registers or from various administrative sources. Regulatory or controlling national offices for financial institutions or central banks often provide the information required for the financial sector (NACE Rev 2 Section K / NACE Rev 1.1 Section J). Member States apply various statistical methods, according to the data source, such as grossing up, model based estimation or different forms of imputation, to ensure the quality of SBSs produced. Main characteristics (variables) of the SBS data category:Business Demographic variables (e.g. Number of enterprises)"Output related" variables (e.g. Turnover, Value added)"Input related" variables: labour input (e.g. Employment, Hours worked); goods and services input (e.g. Total of purchases); capital input (e.g. Material investments) All SBS characteristics are published on Eurostat’s website by tables and an example of the existent tables is presented below:Annual enterprise statistics: Characteristics collected are published by country and detailed on NACE Rev 2 and NACE Rev 1.1 class level (4-digits). Some classes or groups in 'services' section have been aggregated.Annual enterprise statistics broken down by size classes: Characteristics are published by country and detailed down to NACE Rev 2 and NACE Rev 1.1 group level (3-digits) and employment size class. For trade (NACE Rev 2 and NACE Rev 1.1 Section G) a supplementary breakdown by turnover size class is available.Annual regional statistics: Four characteristics are published by NUTS-2 country region and detailed on NACE Rev 2 and NACE Rev 1.1 division level (2-digits) (but to group level (3-digits) for the trade section). More information on the contents of different tables: the detail level and breakdowns required starting with the reference year 2008 is defined in Commission Regulation N° 251/2009. For previous reference years it is included in Commission Regulations (EC) N° 2701/98 and amended by Commission Regulation N°1614/2002 and Commission Regulation N°1669/2003. Several important derived indicators are generated in the form of ratios of certain monetary characteristics or per head values. A list with the available derived indicators is available below in the Annex.

Structural business statistics (SBS) describes the structure, conduct and performance of economic activities, down to the most detailed activity level (several hundred economic sectors). SBS are transmitted annually by the EU Member States on the basis of a legal obligation from 1995 onwards.   SBS covers all activities of the business economy with the exception of agricultural activities and personal services and the data are provided by all EU Member States, Norway and Switzerland, some candidate and potential candidate countries. The data are collected by domain of activity (annex) : Annex I - Services, Annex II - Industry, Annex III - Trade and Annex IV- Constructions and by datasets. Each annex contains several datasets as indicated in the SBS Regulation. The majority of the data is collected by National Statistical Institutes (NSIs) by means of statistical surveys, business registers or from various administrative sources. Regulatory or controlling national offices for financial institutions or central banks often provide the information required for the financial sector (NACE Rev 2 Section K / NACE Rev 1.1 Section J). Member States apply various statistical methods, according to the data source, such as grossing up, model based estimation or different forms of imputation, to ensure the quality of SBSs produced. Main characteristics (variables) of the SBS data category: Business Demographic variables (e.g. Number of enterprises)"Output related" variables (e.g. Turnover, Value added)"Input related" variables: labour input (e.g. Employment, Hours worked); goods and services input (e.g. Total of purchases); capital input (e.g. Material investments) All SBS characteristics are published on Eurostat’s website by tables and an example of the existent tables is presented below: Annual enterprise statistics: Characteristics collected are published by country and detailed on NACE Rev 2 and NACE Rev 1.1 class level (4-digits). Some classes or groups in 'services' section have been aggregated.Annual enterprise statistics broken down by size classes: Characteristics are published by country and detailed down to NACE Rev 2 and NACE Rev 1.1 group level (3-digits) and employment size class. For trade (NACE Rev 2 and NACE Rev 1.1 Section G) a supplementary breakdown by turnover size class is available.Annual regional statistics: Four characteristics are published by NUTS-2 country region and detailed on NACE Rev 2 and NACE Rev 1.1 division level (2-digits) (but to group level (3-digits) for the trade section). More information on the contents of different tables: the detail level and breakdowns required starting with the reference year 2008 is defined in Commission Regulation N° 251/2009. For previous reference years it is included in Commission Regulations (EC) N° 2701/98 and amended by Commission Regulation N°1614/2002 and Commission Regulation N°1669/2003. Several important derived indicators are generated in the form of ratios of certain monetary characteristics or per head values. A list with the available derived indicators is available below in the Annex.

Structural business statistics (SBS) describes the structure, conduct and performance of economic activities, down to the most detailed activity level (several hundred economic sectors). SBS are transmitted annually by the EU Member States on the basis of a legal obligation from 1995 onwards.   SBS covers all activities of the business economy with the exception of agricultural activities and personal services and the data are provided by all EU Member States, Norway and Switzerland, some candidate and potential candidate countries. The data are collected by domain of activity (annex) : Annex I - Services, Annex II - Industry, Annex III - Trade and Annex IV- Constructions and by datasets. Each annex contains several datasets as indicated in the SBS Regulation. The majority of the data is collected by National Statistical Institutes (NSIs) by means of statistical surveys, business registers or from various administrative sources. Regulatory or controlling national offices for financial institutions or central banks often provide the information required for the financial sector (NACE Rev 2 Section K / NACE Rev 1.1 Section J). Member States apply various statistical methods, according to the data source, such as grossing up, model based estimation or different forms of imputation, to ensure the quality of SBSs produced. Main characteristics (variables) of the SBS data category: Business Demographic variables (e.g. Number of enterprises)"Output related" variables (e.g. Turnover, Value added)"Input related" variables: labour input (e.g. Employment, Hours worked); goods and services input (e.g. Total of purchases); capital input (e.g. Material investments) All SBS characteristics are published on Eurostat’s website by tables and an example of the existent tables is presented below: Annual enterprise statistics: Characteristics collected are published by country and detailed on NACE Rev 2 and NACE Rev 1.1 class level (4-digits). Some classes or groups in 'services' section have been aggregated.Annual enterprise statistics broken down by size classes: Characteristics are published by country and detailed down to NACE Rev 2 and NACE Rev 1.1 group level (3-digits) and employment size class. For trade (NACE Rev 2 and NACE Rev 1.1 Section G) a supplementary breakdown by turnover size class is available.Annual regional statistics: Four characteristics are published by NUTS-2 country region and detailed on NACE Rev 2 and NACE Rev 1.1 division level (2-digits) (but to group level (3-digits) for the trade section). More information on the contents of different tables: the detail level and breakdowns required starting with the reference year 2008 is defined in Commission Regulation N° 251/2009. For previous reference years it is included in Commission Regulations (EC) N° 2701/98 and amended by Commission Regulation N°1614/2002 and Commission Regulation N°1669/2003. Several important derived indicators are generated in the form of ratios of certain monetary characteristics or per head values. A list with the available derived indicators is available below in the Annex.

The 'Pensions' aggregate comprises part of periodic cash benefits under the disability, old-age, survivors and unemployment functions. It is defined as the sum of the following social benefits: disability pension, early-retirement due to reduced capacity to work, old-age pension, anticipated old-age pension, partial pension, survivors' pension, early-retirement benefit for labour market reasons.

The domain "Income and living conditions" covers four topics: people at risk of poverty or social exclusion, income distribution and monetary poverty, living conditions and material deprivation, which are again structured into collections of indicators on specific topics. The collection "People at risk of poverty or social exclusion" houses main indicator on risk of poverty or social inclusion included in the Europe 2020 strategy as well as the intersections between sub-populations of all Europe 2020 indicators on poverty and social exclusion. The collection "Income distribution and monetary poverty" houses collections of indicators relating to poverty risk, poverty risk of working individuals as well as the distribution of income. The collection "Living conditions" hosts indicators relating to characteristics and living conditions of households, characteristics of the population according to different breakdowns, health and labour conditions, housing conditions as well as childcare related indicators. The collection "Material deprivation" covers indicators relating to economic strain, durables, housing deprivation and environment of the dwelling.

The domain "Income and living conditions" covers four topics: people at risk of poverty or social exclusion, income distribution and monetary poverty, living conditions and material deprivation, which are again structured into collections of indicators on specific topics. The collection "People at risk of poverty or social exclusion" houses main indicator on risk of poverty or social inclusion included in the Europe 2020 strategy as well as the intersections between sub-populations of all Europe 2020 indicators on poverty and social exclusion. The collection "Income distribution and monetary poverty" houses collections of indicators relating to poverty risk, poverty risk of working individuals as well as the distribution of income. The collection "Living conditions" hosts indicators relating to characteristics and living conditions of households, characteristics of the population according to different breakdowns, health and labour conditions, housing conditions as well as childcare related indicators. The collection "Material deprivation" covers indicators relating to economic strain, durables, housing deprivation and environment of the dwelling.

Structural business statistics (SBS) describes the structure, conduct and performance of economic activities, down to the most detailed activity level (several hundred economic sectors). SBS are transmitted annually by the EU Member States on the basis of a legal obligation from 1995 onwards.   SBS covers all activities of the business economy with the exception of agricultural activities and personal services and the data are provided by all EU Member States, Norway and Switzerland, some candidate and potential candidate countries. The data are collected by domain of activity (annex) : Annex I - Services, Annex II - Industry, Annex III - Trade and Annex IV- Constructions and by datasets. Each annex contains several datasets as indicated in the SBS Regulation. The majority of the data is collected by National Statistical Institutes (NSIs) by means of statistical surveys, business registers or from various administrative sources. Regulatory or controlling national offices for financial institutions or central banks often provide the information required for the financial sector (NACE Rev 2 Section K / NACE Rev 1.1 Section J). Member States apply various statistical methods, according to the data source, such as grossing up, model based estimation or different forms of imputation, to ensure the quality of SBSs produced. Main characteristics (variables) of the SBS data category: Business Demographic variables (e.g. Number of enterprises)"Output related" variables (e.g. Turnover, Value added)"Input related" variables: labour input (e.g. Employment, Hours worked); goods and services input (e.g. Total of purchases); capital input (e.g. Material investments) All SBS characteristics are published on Eurostat’s website by tables and an example of the existent tables is presented below: Annual enterprise statistics: Characteristics collected are published by country and detailed on NACE Rev 2 and NACE Rev 1.1 class level (4-digits). Some classes or groups in 'services' section have been aggregated.Annual enterprise statistics broken down by size classes: Characteristics are published by country and detailed down to NACE Rev 2 and NACE Rev 1.1 group level (3-digits) and employment size class. For trade (NACE Rev 2 and NACE Rev 1.1 Section G) a supplementary breakdown by turnover size class is available.Annual regional statistics: Four characteristics are published by NUTS-2 country region and detailed on NACE Rev 2 and NACE Rev 1.1 division level (2-digits) (but to group level (3-digits) for the trade section). More information on the contents of different tables: the detail level and breakdowns required starting with the reference year 2008 is defined in Commission Regulation N° 251/2009. For previous reference years it is included in Commission Regulations (EC) N° 2701/98 and amended by Commission Regulation N°1614/2002 and Commission Regulation N°1669/2003. Several important derived indicators are generated in the form of ratios of certain monetary characteristics or per head values. A list with the available derived indicators is available below in the Annex.

The pension expenditure indicator includes gross public pensions (i.e. before taxes and compulsory social security contributions) as a percentage of GDP. It is the sum of different categories of pension benefits, some of which (for example, disability  pensions) may be paid to people who have not reached the standard retiring age. The projections are made on the basis of Eurostat's population projection - EUROPOP2010 - and commonly agreed underlying economic assumptions that have been prepared by the European Commission (DG ECFIN) and the Economic Policy Committee (Ageing Working Group).

This variable shall comprise the total number of members whose pension schemes are under the administration of pension funds. This includes the number of active members, deferred members and retired persons.

This variable shall include all kinds of expenditure to the members of the pension scheme and their dependants, outgoing transfers, etc.

This variable is the sum of the following variables asset items: Land and buildings + investments in affiliated enterprises and participating interests + shares and other variable-yield securities + units in undertakings for collective investment in transferable securities + debt securities and other fixed-income securities + participation in investment pools + loans guaranteed by mortgages and other loans not covered elsewhere + other investments.

This characteristic comprises all pension contributions, due during the financial year, in respect of pension contracts, such as all mandatory contributions, other regular contributions, voluntary additional contributions, incoming transfers, other contributions.

Data on expenditure and receipts of social protection, on net social protection benefits as well as on pension beneficiaries contained in the ESSPROS domain are drawn up according to the ESSPROS (European System of integrated Social Protection Statistics) domain. Detailed information on the ESSPROS 'Concepts and Definitions' is available in Section 3.4 below. The ESSPROS domainIn Eurostat database, ESSPROS domain, ESSPROS data on expenditure and receipts, data on net social protection benefits as well as data on Pension beneficiaries for the total of schemes are currently disseminated. The qualitative information is available in the dedicated section "Social protection" of the Eurostat website. The release of ESSPROS data, quality reports and the qualitative information is made annually. Among the three main categories of data soruces - administrative data, national accounts and other estimates, surveys/census - most of the countries report administrative data and register-based data as their main data sources. Data on expenditure and receipts correspond to two collections "EXPEND" (Social protection expenditure) and "RECEIPTS" (Social protection receipts). The collection "EXPEND" is composed by three groups: 1. expsum (Expenditure - Summary tables); it contains two summary tables:e sum Expenditure: main results. The data include the expenditure broken down in social benefits, administration cost and other expenditure. In addition, social benefits are classified by functions of social protection. e pens Pensions. The data include the social benefits relating to pensions (old age, disability, survivors and unemployment pensions). In addition the data are split between means-tested and non means-tested benefits. 2. expcur (Expenditure - Tables by functions and aggregated benefits); it contains five tables corresponding to different "currencies": national currencies (e nac), euros (e eur), Purchasing Power Standards (e pps), Purchasing Power Standards per head (e ppsh) and % of the GDP (e gdp). For each table data (social protection benefits) are published:according to the classification by function of social protection: eight functions (Sickness /Health care; Disability; Old age; Survivors; Family/children; Unemployment; Housing; Social exclusion not elsewhere classified) and the total of social benefits;according to the detailed classification of benefits by type - cash benefits and benefits in kind- and by characteristic -split between means-tested and non means-tested benefits. 3. expfunc (Expenditure - Tables by benefits and currency); it contains nine tables corresponding to the eight different functions of social protection and one for the total of social benefits. In each table data are published according to the detailed classification of benefits by function,type and characteristic. The collection "RECEIPTS"is composed by two groups: 1. recsum (Receipts - Summary tables); it contains two tables:r sumt Receipts by type. The data include the receipts of social protection broken down in the different types of receipts - social contributions, general government contributions and other receipts.r sums Receipts by sector of origin. The data include the receipts of social protection broken down by the different sectors of origin -corporations, general government, households, non-profit institutions serving households, rest of the world. 2. reccur (Receipts by different "currencies"); it contains three tables: national currencies (r nac), euros (r eur) and % of the GDP (r gdp). For each table data (receipts) are published:according to the classification by types of receipts;according to the classification by sectors of origin. Data on net social protection benefits correspond to the table " spr_net_ben" (Net social protection benefits) in the collection "NET". The ESSPROS module on net social protection benefits (restricted approach) measures net expenditure by collecting information on the average rates of taxes and social contributions paid by recipients of each cash benefit reported in the Core system. These rates are then applied to the gross expenditure on each benefit to obtain a net value as follows: Net social benefits = Gross social benefits * (1 – AITR – AISCR) where AITR / AISCR are the Average itemized tax / social contribution rates. The net social protection benefits are complemented by the value of “Fiscal benefits” provided in the form of tax breaks that would be defined as social protection benefits, if they were provided in cash. Tax breaks promoting the provision of social protection or promoting private insurance plans are excluded. Exceptionally, if some fiscal benefits cannot be taken into account in the assessment of the actual taxes and social contributions paid on social benefits (this happen for few countries), then the value of net benefits should be complemented by the residual value of the fiscal benefit. In this case the formula above becomes: Net social benefits = Gross social benefits * (1 – AITR – AISCR) + Residual fiscal benefitsData on pension beneficiaries correspond to the collection "PENS" that contains the table "spr_pns_ben" (Pension Beneficiaries at 31 December of each year). The data include the number of recipients of one or more periodic cash benefits under a social protection scheme falling within seven pension categories grouped into four basic functions. The seven categories of pensions in this module are:Disability pension;Early retirement benefit due to reduced capacity to work;Old-age pension;Anticipated old-age pension;Partial pension;Survivor's pension;Early retirement benefit due to labour market reasons. The four functions of the module are:Disability (grouping the first two categories of pensions above);Old age (grouping the next three);Survivors (the sixth category);Unemployment (the last category). The data, available by gender for the total of schemes, are expressed in "units". Methodological definitions and more details about social protection classifications and breakdowns can be found in the ESSPROS Manual - The European System of integrated Social PROtection Statistics.

The domain "Income and living conditions" covers four topics: people at risk of poverty or social exclusion, income distribution and monetary poverty, living conditions and material deprivation, which are again structured into collections of indicators on specific topics. The collection "People at risk of poverty or social exclusion" houses main indicator on risk of poverty or social inclusion included in the Europe 2020 strategy as well as the intersections between sub-populations of all Europe 2020 indicators on poverty and social exclusion. The collection "Income distribution and monetary poverty" houses collections of indicators relating to poverty risk, poverty risk of working individuals as well as the distribution of income. The collection "Living conditions" hosts indicators relating to characteristics and living conditions of households, characteristics of the population according to different breakdowns, health and labour conditions, housing conditions as well as childcare related indicators. The collection "Material deprivation" covers indicators relating to economic strain, durables, housing deprivation and environment of the dwelling.

The supplementary table on accrued-to-date  pension entitlements in social insurance (pensions in National Accounts) is compiled in accordance with the European System of Accounts (ESA 2010) and is transmitted by EU Member States, EEA Members (Norway, Iceland) and Switzerland following the ESA2010 transmission programme (Table 29) established by the Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union, annexes A and B respectively). By introducing this table, ESA 2010 added enhanced reporting on pensions, covering both entitlements of pension schemes recorded in the core national accounts, and unfunded "pay-as-you-go" pension schemes managed by general government. The latters' entitlements are excluded from the core national accounts and are considered as contingent liabilities. However, full coverage of all pension schemes in one table provides a complete overview of organisation of pension social insurance in a given country and enhances cross-country analysis of pension entitlements of households. At the same time, it should be stressed that accrued-to-date pension entitlements in social insurance are not a measure of the sustainability of public finances and not part of government debt. The European reporting system on age-related expenditure is multifaceted. National accountants focus in this dataset on already earned (accrued-to-date) pension entitlements of current persons employed and current pensioners, whereas the Economic Policy Committee (EPC) is analysing the impact of ageing on European societies from a wider angle. The EPC'S Ageing Report includes estimates for pension entitlements (and related contributions) being accrued in the future. Data are presented by means of two tables: 1.  "Accrued-to-date pension entitlements in social insurance" (nasa_10_pens1) The table gives an overview of accumulation of pension entitlements by all types of social insurance pension schemes (defined contribution vs. defined benefit schemes, private vs. general government schemes, core accounts schemes vs. social security schemes) in a given period due to pension contributions, payment of pension benefits and other changes. 2. "Sensitivity analysis of accrued-to-date pension entitlements in general government pension schemes outside of core national accounts" (nasa_10_pens2) The data on unfunded general government pension schemes outside of core national accounts are based on actuarial calculations. Thus, the results for pension entitlements depend to a large extent on the underlying assumptions. To ensure a consistent approach and cross-country data comparability, actuarial assumptions for these schemes in ESA 2010 Table 29 are aligned with those proposed by the EPC Ageing Working group (AWG), including the discount rate to calculate present value of pension entitlements. Actuarial assumptions are regularly reviewed by the AWG in the framework of 3-yearly Ageing reports. Analysis shows that the discount rate is the most important parameter that impacts on the resulting value of pension entitlements. Therefore, table 2 shows how the outcome of actuarial calculations varies based on a different choice of discount rate. Three scenarios are presented as follows under SECTOR dimension: S13_BC – base case scenario with current discount rate 5% in nominal terms (3% in real terms) S13_SC1 –scenario with discount rate 1 percentage point less than in base case S13_SC3 –scenario with discount rate 1 percentage point higher than in base case Data, as far as they are available, are expressed in national currency and millions of euro in current prices. In line with ESA2010 Transmission programme requirements data series start from 2015 and are to be transmitted on 3-yearly basis. Countries may transmit longer time series or transmit data annually on voluntary basis.