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Convergence of Social Insurance Public System with Private Pension System in Romania

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  • Vîrlãnuþã Florina

    ()
    (“Dunarea de Jos” University of Galati)

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    Abstract

    Romania has a long tradition as regards social security, which is a modern system, since the early twentieth century. Although they are based on increasing the contribution of each citizen, in proportion to the amount being fixed it, PAYG pension system implies certain redistribution based on the principle of social solidarity and between categories of pensioners. In this paper we have proposed an analysis of the current pension system, considering its two components, mandatory and optional. We also conducted an analysis of key financial guarantees private pension system.

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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/rezumate2011p1.pdf
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    Bibliographic Info

    Article provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.

    Volume (Year): XI (2011)
    Issue (Month): 1 (May)
    Pages: 2289-2292

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    Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:2289-2292

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    Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice
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    Keywords: insurance system; financial guaranties; social security;

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