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Caixa Geral de Aposentações: why social responsibility is needed?

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  • Rute Abreu
  • Fátima David

Abstract

This paper examines annual reports of the Caixa Geral de Aposentações (CGA) that administers the Portuguese pension program for civil servants (retirement, survivor and other minor special pensions). Our results suggest that constant changes in laws and regulations distort the real purpose of the CGA to the extent that the continued survival of the Portuguese pension programme is threatened. The CGA has implemented new questionable strategies for the maintenance of the programme to prevent its failure despite the existence of several limitations and social, economic and political constraints. Thus, future social responsibility and prudent policy are required to ensure the collective welfare of current and future generations.

Suggested Citation

  • Rute Abreu & Fátima David, 2012. "Caixa Geral de Aposentações: why social responsibility is needed?," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 14(1/2), pages 125-138.
    • Handle: RePEc:ids:gbusec:v:14:y:2012:i:1/2:p:125-138
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    References listed on IDEAS

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    1. Chiara Bronchi, 2003. "The Effectiveness of Public Expenditure in Portugal," OECD Economics Department Working Papers 349, OECD Publishing.
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    5. Simon Burgess & Marisa Ratto, 2003. "The Role of Incentives in the Public Sector: Issues and Evidence," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 19(2), pages 285-300, Summer.
    6. Catriona Paisey & Nicholas J. Paisey, 2006. "And they all lived happily ever after?: Exploring the possibilities of mobilising the internet to promote a more enabling accounting for occupational pension schemes," Accounting, Auditing & Accountability Journal, Emerald Group Publishing, vol. 19(5), pages 719-758, September.
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