Historical Development and Characteristics of Pension Systems
Proceedings of INTCESS 2019 - 6th International Conference on Education and Social Sciences, 4-6 February 2019 - Dubai, U.A.E.; ISBN: 978-605-82433-5-4
13 Pages Posted: 4 Mar 2019
Date Written: February 04, 2019
This study examines the development of pension systems based on the main classical models: capital-covering, cost-covering and mixed. Particular attention is paid to the types of pension savings, whereas analyzed in detail are corporate pension funds, independent pension funds and funds providing one-off lump sum at a certain age and upon retirement due to old age or disability. Presented are possible pension schemes and pension plans.
Keywords: pension systems, pension plan, pension scheme
JEL Classification: O00, O10, I00, J18
Suggested Citation: Suggested Citation