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Private Pension Funds

In: Financial Sustainability of Pension Systems

Author

Listed:
  • Stefania Amalia Jimon

    (Vasile Goldis Western University of Arad)

  • Florin Cornel Dumiter

    (Vasile Goldis Western University of Arad)

  • Nicolae Baltes

    (Lucian Blaga University of Sibiu)

Abstract

The sociodemographic situation in CEE, characterized by the reduction of birth rate and increased share of elderly, draws attention to national social protection systems and in particular to public pension systems. The direct link between the labor market and public pension systems, based on the principle of social solidarity between generations, runs the risk of diminishing budgetary resources obtained from social contributions, while spending on benefits will increase, due to a higher number of beneficiaries, as well as due to the increase in life expectancy, which will determine that the period for which the benefits will be provided will be longer.

Suggested Citation

  • Stefania Amalia Jimon & Florin Cornel Dumiter & Nicolae Baltes, 2021. "Private Pension Funds," Financial and Monetary Policy Studies, in: Financial Sustainability of Pension Systems, chapter 0, pages 101-124, Springer.
  • Handle: RePEc:spr:fimchp:978-3-030-74454-0_5
    DOI: 10.1007/978-3-030-74454-0_5
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