[makeitsuckless]

There are no European standards for pension systems. It's typically one of those things that hasn't been unified.

Both the pension fraud and the early retirement age in Greece where hotly debated and well documented topics, not "rumors".

I think the problem here lies in the different cultural perception of the phrase "widely misused". For Greek values, 1% is a bureaucratic rounding error. For North European values it's sign of massive corruption.