The actual socio-demographical and economical context of Romania - the ageing of the population, the reduction of the active population, macro economical problems and so; transforms social protection and pension system’s efficient administration into a fundamental challenge not only for the actual governments but for the future ones. This unfortunate context becomes an alarming situation for the countries in a transition period, like Romania - incapable of finishing a pension reform, lack of vision and coherent strategies in field-, and also for the developed countries which are confronting with a growth lack of balance between available resources and those necessary for pension insurance.

pensions, reform, European, socio – demographical context.