"I would not be opposed to devising a new system of pensions, in which one part was based on collective provision, but which also gave incentives for people to take out an additional, personal plan"
About this Quote
The architecture he sketches - a collective pillar plus a personal add-on - is classic Delors-era social Europe: preserve solidarity as the moral foundation, then graft on market-style incentives to keep the system solvent and politically survivable. The subtext is that pay-as-you-go pensions can’t carry aging demographics forever, at least not without painful tax hikes or benefit cuts. So the clever move is to normalize a second track that shifts some risk from the state to the individual, while still insisting the first track remains the core.
It also telegraphs a cultural recalibration. "Incentives" isn’t just policy jargon; it’s an argument about citizenship. The good retiree becomes a planner, an investor, someone who responsibly tops up what the collective provides. That may sound empowering, but it quietly privileges those with stable incomes and financial literacy, nudging inequality into what used to be a universal promise.
Context matters: Delors emerged as a high priest of integration and social partnership, trying to keep European welfare legitimacy intact while accommodating globalization, fiscal constraints, and the EU’s growing obsession with competitiveness. This quote is reform framed as continuity - the signature move of a builder managing an anxious continent.
Quote Details
| Topic | Saving Money |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Delors, Jacques. (2026, January 16). I would not be opposed to devising a new system of pensions, in which one part was based on collective provision, but which also gave incentives for people to take out an additional, personal plan. FixQuotes. https://fixquotes.com/quotes/i-would-not-be-opposed-to-devising-a-new-system-85090/
Chicago Style
Delors, Jacques. "I would not be opposed to devising a new system of pensions, in which one part was based on collective provision, but which also gave incentives for people to take out an additional, personal plan." FixQuotes. January 16, 2026. https://fixquotes.com/quotes/i-would-not-be-opposed-to-devising-a-new-system-85090/.
MLA Style (9th ed.)
"I would not be opposed to devising a new system of pensions, in which one part was based on collective provision, but which also gave incentives for people to take out an additional, personal plan." FixQuotes, 16 Jan. 2026, https://fixquotes.com/quotes/i-would-not-be-opposed-to-devising-a-new-system-85090/. Accessed 12 Feb. 2026.

