Pension system models based on the experience of foreign countries
Authors
Asie Tsintsadze, Sophiko Tsetskhladze
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Annotation
The financial threats of the pension system and the aging of the population are noteworthy in all countries of the world, that is why experts are constantly working to alleviate the mentioned problem.
Pension indexation is an accepted practice around the world. The majority of countries use the inflation method for pension indexation, in order not to decrease the purchasing power of older people, in spite of increasing in prices.
The accessibility and structure of pension systems in the world vary widely according to various dimensions: the number of participants in the system, the replacement rate, the type of financing, and others. It is clear that the design of the pension system greatly affects on the number of participants in it.
The paper aims to analyze the pension models of developed countries, analyze their advantages and disadvantages.
Keywords
Authors
Asie Tsintsadze, Sophiko Tsetskhladze
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References:
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