Causes and consequences of the pension system reforms in Serbia
The state pension systems of most countries in the world have been facing the problem of difficult financing due to the mismatch in the inflow of funds deriving from the contribution of employees and the outflow of funds from the payment of pensions to pension beneficiaries. The main causes of poor...
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| Format: | Article |
| Language: | English |
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Visoka poslovna škola strukovnih studija Prof. dr Radomir Bojković, Kruševac
2018-01-01
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| Series: | Trendovi u Poslovanju |
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| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/2334-816X/2018/2334-816X1801069D.pdf |
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| _version_ | 1823859869130686464 |
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| author | Đekić Marija Mijalković Jovana Marković Biljana |
| author_facet | Đekić Marija Mijalković Jovana Marković Biljana |
| author_sort | Đekić Marija |
| collection | DOAJ |
| description | The state pension systems of most countries in the world have been facing the problem of difficult financing due to the mismatch in the inflow of funds deriving from the contribution of employees and the outflow of funds from the payment of pensions to pension beneficiaries. The main causes of poor functioning of the current financing system are mostly demographic. In order to overcome problems in the financing of pension systems, most countries have implemented pension reforms based on parametric changes in state pension insurance and on the introduction of compulsory or voluntary pension insurance policies. Certain legal changes were made in Serbia regarding the age limit necessary to be eligible for old-age and disability pensions, tightening the conditions for obtaining the right to a pension, calculating pensions, and other. Also, more than a decade ago, voluntary pension funds appeared in Serbia, which have so far achieved positive business results. Serbia is still in an unfavourable situation regarding the financing of the state pension fund, whose deficits are financed by subsidies from the budget. In the future, it is necessary to devote more attention to structural measures, such as more effective employment policies, birth-rate policies, and more. Also, it is necessary to constantly improve measures and instruments for combating the grey economy. |
| format | Article |
| id | doaj-art-e5ac2dd0f2964735afff3ff76f0d6ab7 |
| institution | Kabale University |
| issn | 2334-816X 2334-8356 |
| language | English |
| publishDate | 2018-01-01 |
| publisher | Visoka poslovna škola strukovnih studija Prof. dr Radomir Bojković, Kruševac |
| record_format | Article |
| series | Trendovi u Poslovanju |
| spelling | doaj-art-e5ac2dd0f2964735afff3ff76f0d6ab72025-02-10T19:38:25ZengVisoka poslovna škola strukovnih studija Prof. dr Radomir Bojković, KruševacTrendovi u Poslovanju2334-816X2334-83562018-01-016169792334-816X1801069DCauses and consequences of the pension system reforms in SerbiaĐekić Marija0Mijalković Jovana1Marković Biljana2Visoka škola za poslovnu ekonomiju i preduzetništvo, BeogradFakultet organizacionih nauka, BeogradVisoka škola strukovnih studija za ekonomiju i upravu, BeogradThe state pension systems of most countries in the world have been facing the problem of difficult financing due to the mismatch in the inflow of funds deriving from the contribution of employees and the outflow of funds from the payment of pensions to pension beneficiaries. The main causes of poor functioning of the current financing system are mostly demographic. In order to overcome problems in the financing of pension systems, most countries have implemented pension reforms based on parametric changes in state pension insurance and on the introduction of compulsory or voluntary pension insurance policies. Certain legal changes were made in Serbia regarding the age limit necessary to be eligible for old-age and disability pensions, tightening the conditions for obtaining the right to a pension, calculating pensions, and other. Also, more than a decade ago, voluntary pension funds appeared in Serbia, which have so far achieved positive business results. Serbia is still in an unfavourable situation regarding the financing of the state pension fund, whose deficits are financed by subsidies from the budget. In the future, it is necessary to devote more attention to structural measures, such as more effective employment policies, birth-rate policies, and more. Also, it is necessary to constantly improve measures and instruments for combating the grey economy.https://scindeks-clanci.ceon.rs/data/pdf/2334-816X/2018/2334-816X1801069D.pdfpension systempension fundpension system reformspension system unsustainability |
| spellingShingle | Đekić Marija Mijalković Jovana Marković Biljana Causes and consequences of the pension system reforms in Serbia Trendovi u Poslovanju pension system pension fund pension system reforms pension system unsustainability |
| title | Causes and consequences of the pension system reforms in Serbia |
| title_full | Causes and consequences of the pension system reforms in Serbia |
| title_fullStr | Causes and consequences of the pension system reforms in Serbia |
| title_full_unstemmed | Causes and consequences of the pension system reforms in Serbia |
| title_short | Causes and consequences of the pension system reforms in Serbia |
| title_sort | causes and consequences of the pension system reforms in serbia |
| topic | pension system pension fund pension system reforms pension system unsustainability |
| url | https://scindeks-clanci.ceon.rs/data/pdf/2334-816X/2018/2334-816X1801069D.pdf |
| work_keys_str_mv | AT đekicmarija causesandconsequencesofthepensionsystemreformsinserbia AT mijalkovicjovana causesandconsequencesofthepensionsystemreformsinserbia AT markovicbiljana causesandconsequencesofthepensionsystemreformsinserbia |