Caixa Geral de Aposentações: why social responsibility is needed?

Rute Abreu and Fátima David

Global Business and Economics Review, 2012, vol. 14, issue 1/2, 125-138

Abstract: This paper examines annual reports of the Caixa Geral de Aposentações (CGA) that administers the Portuguese pension program for civil servants (retirement, survivor and other minor special pensions). Our results suggest that constant changes in laws and regulations distort the real purpose of the CGA to the extent that the continued survival of the Portuguese pension programme is threatened. The CGA has implemented new questionable strategies for the maintenance of the programme to prevent its failure despite the existence of several limitations and social, economic and political constraints. Thus, future social responsibility and prudent policy are required to ensure the collective welfare of current and future generations.

Keywords: pension schemes; financial information; sustainability; accountability; Portugal; sustainable development; civil servants; Portugal; social responsibility; annual reports. (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ids:gbusec:v:14:y:2012:i:1/2:p:125-138

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