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Accumulation And Deccumulation Of Universal Pension Funds. The Case Of Romania

Author

Listed:
  • Seulean Victoria

    (Universitatea de Vest din Timisoara, Facultatea de Economie si de Administrare a Afacerilor)

  • Donath Liliana

    (Universitatea de Vest din Timisoara, Facultatea de Economie si de Administrare a Afacerilor)

Abstract

The pension system reform in Romania initiated in 2000 is based on three pillars: 1) the public redistributive mandatory pillar; 2) the private mandatory pillar; 3) the private optional pillar. The paper tries to answer a few questions concerning the juridical and technical problems raised by the implementation of the last two pillars. The method used is that 'of scenarios', and the simulations are made separately for men and women, given that the duration of contribution payment and also the life expectancy at retirement are, at least in the present, different for the two categories of beneficiaries.

Suggested Citation

  • Seulean Victoria & Donath Liliana, 2008. "Accumulation And Deccumulation Of Universal Pension Funds. The Case Of Romania," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 3(1), pages 556-561, May.
    • Handle: RePEc:ora:journl:v:3:y:2008:i:1:p:556-561
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    File URL: http://steconomice.uoradea.ro/anale/volume/2008/v3-finances-banks-accountancy/099.pdf
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    More about this item

    Keywords

    private pension; universal pension funds; accumulation; deccumulation;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • F15 - International Economics - - Trade - - - Economic Integration

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