IDEAS home Printed from https://ideas.repec.org/a/vrs/poicbe/v18y2024i1p2140-2153n1025.html
   My bibliography  Save this article

A Model for Occupational Pensions Privately Administered for Police and Military Personnel

Author

Listed:
  • Hoinaru Răzvan

    (The Bucharest University of Economic Studies, Bucharest, Romania)

  • Petre Radu

    (Stockholm University, Stockholm, Sweden)

  • Niţoi Daniel

    (Romanian Academy, Research Institute for Quality of Life, Bucharest, Romania)

  • Marin Florentina

    (The Bucharest University of Economic Studies, Bucharest, Romania)

  • Matisek Jahara

    (U.S. Naval War College, Newport, Rhode Island, USA)

Abstract

In the context of legislation introduced in Romania through Law 1 of 2020 regarding occupational pensions, this paper presents an evaluation of occupational pension system for police and military personnel and takes into consideration privately administered funds that would complement the current system. The paper evaluates the impact of the complementary occupational pension system, focusing on its dual role as both a fiscal instrument for internal financing within Romania and a mechanism for enhancing social and economic security for retired police and military staff. The occupational pension system can diversify funding sources, potentially easing the national public debt burden, while offering a sustainable and adequate retirement income for service members. Furthermore, the analysis extends to the occupational pension system's efficacy in fostering workforce stability, particularly post-eligibility for military state pensions. The study addresses the system's potential influence on staff motivation and retention, underpinning its role in maintaining a robust and committed service workforce. This simulation-based study leverages international models and legislative frameworks to corroborate these benefits, providing a nuanced understanding of the occupational pension system’s role in the broader context of public service pensions.

Suggested Citation

  • Hoinaru Răzvan & Petre Radu & Niţoi Daniel & Marin Florentina & Matisek Jahara, 2024. "A Model for Occupational Pensions Privately Administered for Police and Military Personnel," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 18(1), pages 2140-2153.
    • Handle: RePEc:vrs:poicbe:v:18:y:2024:i:1:p:2140-2153:n:1025
    DOI: 10.2478/picbe-2024-0180
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/picbe-2024-0180
    Download Restriction: no
    File URL: https://libkey.io/10.2478/picbe-2024-0180?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. E Philip Davis, 1996. "The Role of Institutional Investors in the Evolution of Financial Structure and Behaviour," RBA Annual Conference Volume (Discontinued), in: Malcom Edey (ed.),The Future of the Financial System, Reserve Bank of Australia.
    2. Michael A. Urban, 2019. "Placing the Production of Investment Returns: An Economic Geography of Asset Management in Public Pension Plans," Economic Geography, Taylor & Francis Journals, vol. 95(5), pages 494-518, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. David T. Llewellyn, 1999. "The New Economics of Banking," SUERF Studies, SUERF - The European Money and Finance Forum, number 5 edited by Morten Balling, May.
    2. Mansur, Alfan, 2017. "Memantau Risiko Makro Finansial di dalam Perekonomian Indonesia [Surveillance on the Macro-financial Risks of Indonesia's Economy]," MPRA Paper 93752, University Library of Munich, Germany, revised 23 May 2018.
    3. Charles Freedman & Clyde Goodlet, 1998. "The Financial Services Sector: Past Changes and Future Prospects," Technical Reports 82, Bank of Canada.
    4. Brahmana, Rayenda Khresna & Setiawan, Doddy & Hooy, Chee Wooi, 2014. "Diversification strategy, Ownership Structure, and Firm Value: a study of public‐listed firms in Indonesia," MPRA Paper 64607, University Library of Munich, Germany.
    5. Vladimír Pažitka & Michael Urban & Dariusz Wójcik, 2021. "Connectivity and growth: Financial centres in investment banking networks," Environment and Planning A, , vol. 53(7), pages 1789-1809, October.
    6. Rim Zouari-Hadiji & Ghazi Zouari, 2011. "Investisseurs institutionnels et investissement en R&D:une étude comparative," Working Papers CREGO 1110101, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    7. Bank for International Settlements, 2007. "Institutional investors, global savings and asset allocation," CGFS Papers, Bank for International Settlements, number 27.
    8. V. Edwards & T. Valentine, 1998. "From Napier to Wallis: Six Decades of Financial Inquiries," The Economic Record, The Economic Society of Australia, vol. 74(226), pages 297-312, September.
    9. Bofelo Warona Mokgadi & Simangaliso Biza-Khupe, 2018. "An Empirical Investigation of the Relationship Between Pension Fund Reforms and Financial Sector Development in Botswana," Journal of Finance and Investment Analysis, SCIENPRESS Ltd, vol. 7(2), pages 1-3.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:poicbe:v:18:y:2024:i:1:p:2140-2153:n:1025. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.