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SOCIAL SYSTEM OF PENSIONS – PRESENT AND PERSPECTIVES
SOCIAL SYSTEM OF PENSIONS – PRESENT AND PERSPECTIVES

Author(s): Cristina Duhnea, Silvia Ghita-Mitrescu, Oana Niţu, Simona Utureanu
Subject(s): Economy
Published by: Addleton Academic Publishers

Summary/Abstract: In accordance with the Treaty on European Union, pensions are the responsibility of Member States. However, in this policy area, European Member States share common concerns and challenges: an aging population, public finance sustainability, compatibility and modernization of pension systems. Thus the EU has been particularly active in the pension industry by establishing a legislative framework for occupational pension providers. Directive institutions for occupational retirement provisions (IDPO), adopted in 2003, provides an opportunity to establish pan-European institutions for occupational retirement provision, allowing the basic pension institutions in a country offering their services in different EU countries.

  • Issue Year: 6/2011
  • Issue No: 1
  • Page Range: 1083-1090
  • Page Count: 8
  • Language: English
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