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

See all articles by Venelin Terziev

Venelin Terziev

Georgi Rakovski Military Academy, Sofia, Bulgaria

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Date Written: April 30, 2019

Abstract

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

Terziev, Venelin, Historical Development and Characteristics of Pension Systems (April 30, 2019). IJASOS- International E-Journal of Advances in Social Sciences, Vol. V, Issue 13, April 2019 , Available at SSRN: https://ssrn.com/abstract=3384655

Venelin Terziev (Contact Author)

Georgi Rakovski Military Academy, Sofia, Bulgaria ( email )

Sofia, 1000
Bulgaria

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