Budget Level of Social Security Pension in Romania Compared to Social Aid Established by the Legislator
Journal Title: Dezbateri social economice - Year 2015, Vol 7, Issue 1
Abstract
At global level pension system is going through a crisis that is likely to become more acute. Currently, the European Union, the funding of the pension scheme generates impressive cost in order to keep it afloat. In order to design a basic scenario of demographic transformations in the public pension system, the most recent amendments to the legislation are forseen, as is the case in Romania. Saving public pension system may be achieved through the implementation of private pension plans, capital generating, the reference solution proposed by the Dutch economists Lans Bovenberg and Casper van Ewijk.
Authors and Affiliations
Viorel Craciuneanu, Daniel Stefan
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