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The Public Pensions System, Where To?

Author

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  • Ciuraru-Andrica Cristina

    („Vasile Alecsandri” University of Bacau)

Abstract

We are well aware that, sooner or later, we will have to wear the “coat” of old age. Whether old age will be burdensome or not, or whether we will have bigger or smaller “pockets”, it is certain that we will have to wear this “coat”, even with dignity and pride. This imposes a favourable and motivating context offered, first of all, by that entity which must ensure the wellbeing of its citizens, namely the state. However, nowadays, this idea becomes more and more out-of-date, considering that the state itself questions “the security of old age”. If it is, currently, almost unable to offer a decent pension to those who have contributed for years to the public pensions system, what level of credibility could it ensure for the future pensioners?

Suggested Citation

  • Ciuraru-Andrica Cristina, 2011. "The Public Pensions System, Where To?," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 394-397, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:394-397
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    More about this item

    Keywords

    pension; the Public Pensions System;

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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