6533b7d7fe1ef96bd1267c8b

RESEARCH PRODUCT

Trends Regarding the Evolution of the Romanian Pension System

Florin Cornel DumiterDelia DavidȘTefania Amalia JimonȘTefania Amalia JimonNicolae Balteș

subject

Economics and Econometricsn34j11Strategy and Managementmedia_common.quotation_subjectpension system0211 other engineering and technologiesDeclarationpension pillars02 engineering and technologysocial protectionj18Regional economics. Space in economics0502 economics and business050207 economicsBusiness and International ManagementromaniaHB71-74media_commonPovertyPublic economicsHuman rights05 social sciences021107 urban & regional planningfiscal sustainabilitySocial securityEconomics as a scienceSocial protectionHT388UnemploymentDamagesh53h55BusinessFiscal sustainabilityFinance

description

Abstract The pension system, together with the social assistance services form the social security system is recognized worldwide throughout the adoption of the Universal Declaration of Human Rights for the purpose of insured person compensation for damages regarding some inherent risks as: permanent or temporary inability of work, old age or unemployment. The main objectives of a pension system are decreasing poverty regarding the lower income persons throughout the conditions of limitation of the working capacity which are financially vulnerable. In this article we provide a qualitative and quantitative overview regarding the Romanian pension system structure and mechanism. The conclusions of this article highlight the need for a more comprehensive reform of this system in order to strengthen it for the new challenges still to come in the near future.

https://doi.org/10.2478/sues-2018-0001