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Convergence of Social Insurance Public System with Private Pension System in Romania

Author

Listed:
  • Vîrlãnuþã Florina

    (“Dunarea de Jos” University of Galati)

Abstract

Romania has a long tradition as regards social security, which is a modern system, since the early twentieth century. Although they are based on increasing the contribution of each citizen, in proportion to the amount being fixed it, PAYG pension system implies certain redistribution based on the principle of social solidarity and between categories of pensioners. In this paper we have proposed an analysis of the current pension system, considering its two components, mandatory and optional. We also conducted an analysis of key financial guarantees private pension system.

Suggested Citation

  • Vîrlãnuþã Florina, 2011. "Convergence of Social Insurance Public System with Private Pension System in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 2289-2292, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:2289-2292
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/rezumate2011p1.pdf
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    More about this item

    Keywords

    insurance system; financial guaranties; social security;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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