The main purpose of this paper is to:

• present the overall  context within which the 2009 exercise of age-related expenditure  projections in all EU M-S (M-S) was conducted;
• provide a brief  description of the underlying assumptions used and projection  methodologies adopted in the pensions and health care expenditure  projections;
• present the 2009 pension projection results for  Greece and Cyprus; and 
• identify the main areas for improvement  in the Ageing Working Group (AWG) projection methodologies by assessing  their compatibility with standard actuarial practice methodologies.