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文章基本信息

  • 标题:THE PENSION FORMULA IN ROMANIA – INEFFICIENCIES AND POSSIBLE SOLUTIONS
  • 本地全文:下载
  • 作者:Bogdan-Andrei DUMITRESCU ; Andreea Elena DRĂGHIA
  • 期刊名称:Financial Studies
  • 印刷版ISSN:2066-6071
  • 出版年度:2019
  • 卷号:23
  • 期号:2
  • 页码:61-74
  • 出版社:“Victor Slăvescu‿Centre for Financial and Monetary Research
  • 摘要:The introduction of the correction index in the mechanism of determining pension benefits in Romania in 2013 has led to an inefficient formula which generates differences between the incomes received by pensioners with the same level of contributions depending of the year of retirement. This paper reveals the mechanism through which these inefficiencies are generated, their consequences and analyzes the formula proposed by a new pension law against this issue. We conclude that the new formula has the potential to solve this problem, but with a relevant budgetary cost and emphasize the challenge between balancing the costs generated by the change of the formula and the objective of increasing the value of the pension point, while dealing with the sustainability of public finances.
  • 关键词:public pensions; inequity; Romania
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