Μέθοδοι χρηματοδότησης ταμείων συντάξεων

Χερίδου, Αθανασία

Funding pension systems

Master Thesis

Author

Χερίδου, Αθανασία

Date

2017-09

Abstract

During the last 30 years the Social Security Systems have been dealing with a prolonged crisis,which is demonstrated with the inbalance of social and insurance needs as well as with the inbalance of their economic balance-sheet. The recent financial crisis and recession with the increase in unemployment and its continuing high levels over the following years, the shrinking employment and the aging population, deprives the social security system of significant resources that negatively affect its sustainability and social efficiency. For instance, the official raise of 900.000 unemployed people in Greece has deprived the social security system of 4,5€ billions or 2% of annual GDP. The purpose of this paper is the presentation of how a pension system is designed. Broadly speaking, the design of a retirement system or pension plan is concerned with the types and level of benefits to be provided, the persons to whom benefits are to be paid, and the circumastances under which the benefits are to be paid. The funding methods of a pension plan, whose basic components are investment earnings, employee contributions and employer contributions, is also presented. Furthermore, the basic characteristics of pension plans worldwide are demonstrated in combination with their sustainability and adequacy ranking.The significance of a retirement’s system design is fully comprehended through the basic characteristics of pension funds worldwide as well as their adequacy and sustainability. It also analyzes the Greek social security system, highlights its basic problems and identifies the need for a comprehensive reform of the system, analyzing the main components of the effort for the overall design of a social security system in Greece. Finally, a proposal for a new social security system is presented taking into account important aspects of the Greek reality and having as a basic point the equal treatment of insured persons and pensioners both within each generation and over time between generations.

Postgraduate Studies Programme

Αναλογιστική Επιστήμη και Διοικητική Κινδύνου

Department

Σχολή Χρηματοοικονομικής και Στατιστικής. Τμήμα Στατιστικής και Ασφαλιστικής Επιστήμης

Number of pages

Language

Greek

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/10750

Collections

Τμήμα Στατιστικής και Ασφαλιστικής Επιστήμης

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