Implementing the Open Method of Co-ordination in Pensions

Abstract

The article presents an insight into the European Union Open Method of Co-ordination (OMC) in area of pension. The author’s goal was to present the development and the effects of implementation the OMC. The introduction is followed by three topic paragraphs: 1. the OMC – step by step, 2. the evaluation of the OMC, and 3. the effects of OMC implementation. In the summary, the author highlights as except of advantages there are also disadvantages of the implementation of the OMC, and there are many doubts exist in the context of efficiency of performing that method in the future.