PENSION SYSTEM IN ROMANIA – CURRENT ISSUES

Marius Gavriletea () and Aura Carmen Moga
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Aura Carmen Moga: Babes-Bolyai University, Cluj-Napoca

Theoretical and Applied Economics, 2009, vol. 12(541)(supplement), issue 12(541)(supplement), 400-405

Abstract: The popular saying "who doesn't have elderly, should buy" had lost its relevance in the face of many current problems of pension systems. Aging population, declining birth rates and fertility are the current demographic trends worldwide, threatening the sustainability of social protection systems. The study explores the public pension system in Romania, operating principles, sustainability, the evolution of the average pension, retirement ages compared with other European Union countries.

Keywords: public pension system; sustainability; demographic tendency; trends; pillar II pension. (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:12(541)(supplement):y:2009:i:12(541)(supplement):p:400-405

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