Overview of the Portuguese Three Pillar Pension System

Maria Teresa Garcia ()

International Advances in Economic Research, 2017, vol. 23, issue 2, No 4, 175-189

Abstract: Abstract In order to cope with alleged future financial problems, several changes were made to the design of the Portuguese pension system since 2000. The aim was to achieve the diversification of retirement income sources across providers, both public and private, across the three pillars: public, industry-wide, and personal, and also across the financing forms of pay-as-you-go and funded. This paper describes these changes and analyses the results regarding, principally, the weight of each pillar and the investment performance of both public pension reserves and private pension funds. The main finding is that, in effect, there is one substantial longstanding pillar, and that is the public system.

Keywords: Pension system; Reforms; Rate of return (search for similar items in EconPapers)
JEL-codes: G22 H55 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (5)

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DOI: 10.1007/s11294-017-9636-x

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