Study regarding the return of retirement pension plans and programs in Romania

Sahlian Daniela Nicoleta (), Trasca Daniela Livia (), Irina-Denisa Munteanu, Matac Liviu () and Pavel Daniela Codruta ()
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Sahlian Daniela Nicoleta: Bucharest University of Economic Studies, Bucharest, Romania
Trasca Daniela Livia: Bucharest University of Economic Studies, Bucharest, Romania
Matac Liviu: Bucharest University of Economic Studies, Bucharest, Romania
Pavel Daniela Codruta: Bucharest University of Economic Studies, Bucharest, Romania

Proceedings of the International Conference on Business Excellence, 2020, vol. 14, issue 1, 246-255

Abstract: Quite often, people ask questions about the size of their retirement funds, nevertheless, demographic changes are fueling an existing insecurity. Thereby, in the actual context, it is necessary to analyze the current retirement system in order to be able to provide reliable solutions in the future. The objective of the research is to elaborate an econometric analysis based on the information available for Pillar II of retirement pensions for each fund apart, but also at the market level. The mandatory private funds of Pillar II are managed by companies existing on the Romanian market. The study aims to analyze the causal relationship between the size of the fund, analyzed through the size of the total net assets, and its profitability. The research method consists in testing the connection between the two variables through a linear regression at the market and individual level, in terms of each fund. The results of the research will complete the already existing researches and, moreover, it will provide an updated base in order to evaluate the previsions regarding the investments made from these funds and act accordingly to increase the benefits that employees receive during their retirement age.

Keywords: retirement pension fund; return on retirement pension fund; size of total net assets; econometric analysis (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:14:y:2020:i:1:p:246-255:n:23

DOI: 10.2478/picbe-2020-0023

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