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

See all articles by Venelin Terziev

Venelin Terziev

Georgi Rakovski Military Academy, Sofia, Bulgaria

Multiple version iconThere are 3 versions of this paper

Date Written: February 04, 2019

Abstract

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

Terziev, Venelin, Historical Development and Characteristics of Pension Systems (February 04, 2019). 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 , Available at SSRN: https://ssrn.com/abstract=3333868

Venelin Terziev (Contact Author)

Georgi Rakovski Military Academy, Sofia, Bulgaria ( email )

Sofia, 1000
Bulgaria

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