The Public Pensions System, Where To?

Cristina Ciuraru-Andrica

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 394-397

Abstract: We are well aware that, sooner or later, we will have to wear the “coat” of old age. Whether old age will be burdensome or not, or whether we will have bigger or smaller “pockets”, it is certain that we will have to wear this “coat”, even with dignity and pride. This imposes a favourable and motivating context offered, first of all, by that entity which must ensure the wellbeing of its citizens, namely the state. However, nowadays, this idea becomes more and more out-of-date, considering that the state itself questions “the security of old age”. If it is, currently, almost unable to offer a decent pension to those who have contributed for years to the public pensions system, what level of credibility could it ensure for the future pensioners?

Keywords: pension; the Public Pensions System (search for similar items in EconPapers)
JEL-codes: H55 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:394-397

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