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标题：The Evolution and Sustainability of Pension Systems the Role of the Private Pensions in Regard to Adequate and Sustainable Pensions
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作者：Ionescu, Oana Claudia ; Jaba, Elisabeta
期刊名称：Journal of Knowledge Management, Economics and Information Technology
印刷版ISSN：2069-5934
出版年度：2013
卷号：3
期号：6
出版社：ScientificPapers.org
摘要：The accentuation of the trend of demographic aging and the alarming deterioration of the economic dependency rate significantly affected the financial sustainability of the public pension system and stressed the need for a mixed system, public and private. Frank Fandenbrouke1 declared, with justifiable concern, that we are not sufficiently aware of the unprecedented scale of these social changes that will press very hard in the balance our future in the next 20-30 years. In this context, reforming pension systems should consider two major objectives, namely: long-term financial viability of the systems and ensuring adequate pensions towards maintaining a reasonable retirement income to prevent poverty and social exclusion of older people. This explains the fact that over the last decade, a growing number of states, as part of reforms to improve the sustainability of pension systems, attempted to directly involve social partners and individual citizens in ensuring the pensions, by expanding the future role of the pre-funded systems, privately managed. The impact of the financial crisis on private pensions and financial constraints of the state have highlighted some shortcomings of pre-financing, have seriously diminished public confidence in private pension systems and reinforced the need to develop appropriate and sustainable pension systems, from a social and political point of view. Future adequate pensions require pension systems to be funded in a sustainable manner in relation to companies subject to rapid aging. Pension adequacy and sustainability issues are thus inextricably linked. A recent World Bank report on pension reforms worldwide defined as proper a pension system "which provides benefits to the entire spectrum of the population and these benefits are sufficient to prevent poverty of older people, in addition to providing reliable means to ensure constant consumption over the lifetime for most of the population " (Holzmann and Hinz, 2005 and Draxler and Mortensen, 2011). Journal: Journal of Knowledge Management, Economics and Information Technology