Publication: Sistemul de pensii în Republica Moldova: reforme și sustenabilitate
Date
Authors
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Volume Title
Publisher
ASEM
Abstract
Description
MUNTEANU, Ștefan. Sistemul de pensii în Republica Moldova: reforme și sustenabilitate = Pension system in the Republic of Moldova: reforms and sustainability. În: Simpozion Ştiinţific Internaţional al Tinerilor Cercetători (16-17 aprilie 2021) [online]: Lucrări ştiinţifice. Ediţia a 19-a. Chişinău: ASEM, 2021, vol. 3, pp. 194-196. ISBN 978-9975-155-43-4.
Financial security after retirement is very important for both the individuals and the society, a lot of countries having to face the inevitable social, economic and financial effects of population ageing. One of the main reasons for this demographic change is the declining birth rate and the increasing life expectancy. Pensions are one of the most valuable functions of social security. They reduce the risk of extreme poverty at old age. They benefit everyone, either directly by paying out a pension after retirement, or indirectly by preventing excessive swings in national savings and borrowings. The issue is: how to make it sustainable and fair? This article aims to answer this question, analyzing the sustainability of the public pension system in the Republic of Moldova. JEL: H55, J26.
Financial security after retirement is very important for both the individuals and the society, a lot of countries having to face the inevitable social, economic and financial effects of population ageing. One of the main reasons for this demographic change is the declining birth rate and the increasing life expectancy. Pensions are one of the most valuable functions of social security. They reduce the risk of extreme poverty at old age. They benefit everyone, either directly by paying out a pension after retirement, or indirectly by preventing excessive swings in national savings and borrowings. The issue is: how to make it sustainable and fair? This article aims to answer this question, analyzing the sustainability of the public pension system in the Republic of Moldova. JEL: H55, J26.
Keywords
public pension system, sustainability, reforms, demographic change, average pension