Changes to Pensions Systems – February 2007

The reform of the Maltese pensions system has been the subject of detailed public debate over a number of years.  The main aim of such a reform was to structure the pensions system in a manner so as to ensure that pensions for future generations are both adequate and sustainable.  


Following the Pensions White Paper of 2004 and the Pensions Working Group Final Report presented to Government in June 2005, Act No XIX of 2006 was issued in December 2006 in order to bring into effect the new pensions system.


This newsletter sets out a summary of the salient points introduced by Act XIX of 2006.