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The Public Pension System Comparative Study Between Romania And Germany

Author

Listed:
  • Stela Aurelia Toader

    (Romanian American University Author-Name: Iuliana Butucaru
    Romanian American University Author-Name: Iuliana Predescu
    Romanian American University)

Abstract

Pensions are the main form of protection to citizens by the state social insurance. This paper aims to build a comparative study of the main categories of pension granted in the public pension system - the old-age pension in Romania and Germany. In an attempt to identify possible causes of the significant differences that exist today between the old age pension received by a Romanian and a German pensioner, this paper makes an analysis of key aspects regarding the settlement of public pension systems of the two states. Therefore, we will make a comparison between the main sources regarding the establishment of state social security, namely contributions due by employees and employers, how a pension is granted and how the public pension is calculated (Pillar I).

Suggested Citation

  • Stela Aurelia Toader, 2009. "The Public Pension System Comparative Study Between Romania And Germany," Romanian Economic Business Review, Romanian-American University, vol. 4(2), pages 59-66, June.
    • Handle: RePEc:rau:journl:v:4:y:2009:i:2:p:59-66
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