Theoretical and Applied Economics
No. 2 / 2020 (623), Summer
The voluntary pension funds – a viable solution to supplement the pensioners' incomes
“Artifex” University of Bucharest, Romania
Dragoș Alexandru HAȘEGAN
Bucharest University of Economic Studies, Romania
Abstract. The voluntary pensions, known as Pillar III, are a part of the pension system in Romania and aim to ensure a separate private pension, which supplements the pension provided by the public system and, where available, the privately managed pension. In fact, the voluntary pension is a longterm savings product, the participant and/or employer for its employees may choose to contribute to the individual account with an amount between a minimum amount, established by each voluntary pension fund prospectus and a maximum of 15% of the gross monthly salary income or of the income assimilated to it. At any time, the participant has the possibility to stop paying the contributions, keeping all his rights, according to the rules of the voluntary pension scheme. When he wants, he will be able to resume paying the contributions to the same fund or he can opt for another one. The participant also has the right to change the level of contributions at any time, provided that this level is included in the specified range.
Contents
Mathematical model used in substantiating optimal contract
Examining the drivers of business cycle divergence between Euro Area and Romania
Migration, economic causes and decisions
The voluntary pension funds – a viable solution to supplement the pensioners' incomes
An approach to measuring credit risk in a banking institution from Romania
Study on the evolution of tourism and perspectives
Investigating personnel dynamics within SMEs: A survey analysis for the case of Romania
Causes of the curve: Assessing risk in public and private financial economics
An approach to the index of economic freedom using the data mining technique in the economic environment context
Banking sector and bank liquidity – key actors within financial crises?
Existence of rewards for a sustainable enterprise in the context of the human resources strategy
Do export, financial development, and institutions affect FDI outflows? Insights from Asian developing countries
Are resources a curse or blessings? Evidence from panel ARDL model
Investigating factors affecting cooperative and non-cooperative behavior: An experimental game in the classroom
Impact of exchange rate regimes on inflation: An empirical analysis of BRICS countries
Tax structure and economic growth in general category states in India: A panel auto regressive distributed lag approach
Banking Sector Reforms and the Goals of Nationalised Commercial Banks in India
Determinants of economic growth in India: A time series perspective
Impact of credit guarantee on the output gap: A panel data analysis of Asian sovereigns
Analyzing the robustness of ARIMA and neural networks as a predictive model of crude oil prices
Does the agriculture value-added contribute to the economic growth in 30 African countries?