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The Financial Sustainability of the Portuguese Social Security System

Author

Listed:
  • Carlos Manuel Pereira da Silva

    (School of Economics and Management, Technical University of Lisbon, Portugal)

  • João Paulo Tomé Calado

    (School of Economics and Management, Technical University of Lisbon, Portugal)

  • Maria Teresa Medeiros Garcia

    (School of Economics and Management, Technical University of Lisbon, Portugal)

Abstract

This paper analyses the account of the benefits sub-system as well as its impact on the portfolio of Social Security Trust Fund (“FEFSS”). Section 2 describes state social security and the account projections of the benefits sub-system. Section 3 analyses the actuarial and financial equilibrium of the system in the short and long term and the fund's assets. Section 4 concludes. The Geneva Papers on Risk and Insurance (2004) 29, 417–439. doi:10.1111/j.1468-0440.2004.00295.x

Suggested Citation

  • Carlos Manuel Pereira da Silva & João Paulo Tomé Calado & Maria Teresa Medeiros Garcia, 2004. "The Financial Sustainability of the Portuguese Social Security System," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 29(3), pages 417-439, July.
  • Handle: RePEc:pal:gpprii:v:29:y:2004:i:3:p:417-439
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    Citations

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    Cited by:

    1. Garcia, Maria Teresa Medeiros & Fontainha, Elsa & Passos, José, 2017. "Hiring older workers: The case of Portugal," The Journal of the Economics of Ageing, Elsevier, vol. 9(C), pages 71-77.
    2. Olexandr Yemelyanov & Anastasiya Symak & Tetyana Petrushka & Roman Lesyk & Lilia Lesyk, 2018. "Assessment of the Technological Changes Impact on the Sustainability of State Security System of Ukraine," Sustainability, MDPI, vol. 10(4), pages 1-24, April.
    3. Swati Prasad & Ravi Kiran & Rakesh Kumar Sharma, 2021. "Examining saving habits and discriminating on the basis of demographic factors: A descriptive study of retail investors'," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 2859-2870, April.
    4. Maria Teresa Medeiros Garcia, 2017. "Overview of the Portuguese Three Pillar Pension System," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 23(2), pages 175-189, May.
    5. Carlos Pestana Barros & Maria Teresa Medeiros Garcia, 2006. "Performance Evaluation of Pension Funds Management Companies with Data Envelopment Analysis," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 9(2), pages 165-188, September.
    6. Garcia, Maria Teresa Medeiros, 2010. "Efficiency evaluation of the Portuguese pension funds management companies," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 20(3), pages 259-266, July.

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