DEDUCTIBILITY OF CONTRIBUTIONS TO VOLUNTARY PRIVATE PENSIONS

The present paper approaches the notion of public and private pension in Romania. Pension can be seen in terms of a replacement income to individuals whose age no longer affords to operate in the labour market. Pension reform in Romania has allowed besides the public pension system, called Pillar I,...

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Main Authors: LILIANA MUNTEAN, ANA-PETRINA STANCIU
Format: Article
Language:English
Published: University of Petrosani 2011-01-01
Series:Annals of the University of Petrosani: Economics
Subjects:
Online Access:http://www.upet.ro/annals/economics/pdf/2011/part4/Muntean-Stanciu.pdf
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author LILIANA MUNTEAN
ANA-PETRINA STANCIU
author_facet LILIANA MUNTEAN
ANA-PETRINA STANCIU
author_sort LILIANA MUNTEAN
collection DOAJ
description The present paper approaches the notion of public and private pension in Romania. Pension can be seen in terms of a replacement income to individuals whose age no longer affords to operate in the labour market. Pension reform in Romania has allowed besides the public pension system, called Pillar I, which is a distributive system based on solidarity between generations also a private pension system that records the contributions of participants in individual accounts, based on capitalization, investment and accumulation of these contributions.
format Article
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issn 1582-5949
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publishDate 2011-01-01
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series Annals of the University of Petrosani: Economics
spelling doaj-art-23cf3bec09df4bf783571eddd1b420e72025-08-20T02:43:38ZengUniversity of PetrosaniAnnals of the University of Petrosani: Economics1582-59492247-86202011-01-01XI4215222DEDUCTIBILITY OF CONTRIBUTIONS TO VOLUNTARY PRIVATE PENSIONSLILIANA MUNTEANANA-PETRINA STANCIUThe present paper approaches the notion of public and private pension in Romania. Pension can be seen in terms of a replacement income to individuals whose age no longer affords to operate in the labour market. Pension reform in Romania has allowed besides the public pension system, called Pillar I, which is a distributive system based on solidarity between generations also a private pension system that records the contributions of participants in individual accounts, based on capitalization, investment and accumulation of these contributions.http://www.upet.ro/annals/economics/pdf/2011/part4/Muntean-Stanciu.pdfpublic pensionprivate pensionpension systemdistributive system
spellingShingle LILIANA MUNTEAN
ANA-PETRINA STANCIU
DEDUCTIBILITY OF CONTRIBUTIONS TO VOLUNTARY PRIVATE PENSIONS
Annals of the University of Petrosani: Economics
public pension
private pension
pension system
distributive system
title DEDUCTIBILITY OF CONTRIBUTIONS TO VOLUNTARY PRIVATE PENSIONS
title_full DEDUCTIBILITY OF CONTRIBUTIONS TO VOLUNTARY PRIVATE PENSIONS
title_fullStr DEDUCTIBILITY OF CONTRIBUTIONS TO VOLUNTARY PRIVATE PENSIONS
title_full_unstemmed DEDUCTIBILITY OF CONTRIBUTIONS TO VOLUNTARY PRIVATE PENSIONS
title_short DEDUCTIBILITY OF CONTRIBUTIONS TO VOLUNTARY PRIVATE PENSIONS
title_sort deductibility of contributions to voluntary private pensions
topic public pension
private pension
pension system
distributive system
url http://www.upet.ro/annals/economics/pdf/2011/part4/Muntean-Stanciu.pdf
work_keys_str_mv AT lilianamuntean deductibilityofcontributionstovoluntaryprivatepensions
AT anapetrinastanciu deductibilityofcontributionstovoluntaryprivatepensions