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Budget Level of Social Security Pension in Romania Compared to Social Aid Established by the Legislator

Author

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  • Viorel Craciuneanu

    ()

  • Daniel Stefan

    ()

Abstract

At global level pension system is going through a crisis that is likely to become more acute. Currently, the European Union, the funding of the pension scheme generates impressive cost in order to keep it afloat. In order to design a basic scenario of demographic transformations in the public pension system, the most recent amendments to the legislation are forseen, as is the case in Romania. Saving public pension system may be achieved through the implementation of private pension plans, capital generating, the reference solution proposed by the Dutch economists Lans Bovenberg and Casper van Ewijk.

Suggested Citation

  • Viorel Craciuneanu & Daniel Stefan, 2015. "Budget Level of Social Security Pension in Romania Compared to Social Aid Established by the Legislator," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 7(1), pages 116-121, March.
  • Handle: RePEc:khe:journl:v:7:y:2015:i:1:p:116-121
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    References listed on IDEAS

    as
    1. Georges de Menil, 2000. "A Comment on the Place of Funded Pensions in Transition Economies," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 7(4), pages 431-444, August.
    2. Ashish Agarwal, 2005. "Pension funds may get tax breaks," Working Papers id:58, eSocialSciences.
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