Historical Development and Characteristics of Pension Systems
IJASOS- International E-Journal of Advances in Social Sciences, Vol. V, Issue 13, April 2019
12 Pages Posted: 30 May 2019
Date Written: April 30, 2019
This study examines the development of pension systems based on the main classical models: capitalcovering, 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: F69, O00
Suggested Citation: Suggested Citation