THE PUBLIC PENSION SYSTEM COMPARATIVE STUDY BETWEEN ROMANIA AND GERMANY

Stela Aurelia Toader

Romanian Economic Business Review, 2009, vol. 4, issue 2, 59-66

Abstract: Pensions are the main form of protection to citizens by the state social insurance. This paper aims to build a comparative study of the main categories of pension granted in the public pension system - the old-age pension in Romania and Germany. In an attempt to identify possible causes of the significant differences that exist today between the old age pension received by a Romanian and a German pensioner, this paper makes an analysis of key aspects regarding the settlement of public pension systems of the two states. Therefore, we will make a comparison between the main sources regarding the establishment of state social security, namely contributions due by employees and employers, how a pension is granted and how the public pension is calculated (Pillar I).

Keywords: public pension system; old-age pension; social security contributions; contribution stage; pension point (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:rau:journl:v:4:y:2009:i:2:p:59-66

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