The Impact of pension systems on working life in Albania, Cyprus and Lithuania

Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Knygos dalis / Part of the book
Language:
Anglų kalba / English
Title:
The Impact of pension systems on working life in Albania, Cyprus and Lithuania
Summary / Abstract:

LTReikšminiai žodžiai: Pensijų sistema; Reformos; Darbingas amžius; Pension system; Parametric reforms; Systemic reforms; Dependency rate; Replacement rate; Working life.

ENIn XXI century most of European countries underwent radical changes in economic and social systems. The goal of this paper is to discuss the impact of pension systems on extending working life in Albania, Cyprus and Lithuania. The paper is based on the compar- ative analysis which is done in the framework of EU COST Action IS1409 "Gender anhealth impacts of policies extending working life in Western countries". Comparativde analysis is based on theoretical, statistical and secondary data analysis. In each country, the parametric reforms of increasing the retirement ages have forced old age people to extend their working life. In Albania the pension reform started in 1993 and has continued approximately every ten years, in 2002 and in 2015 tending to have a sustainable Pay As You Go system. In Cyprus major reforms in the Social Insurance Scheme, which covers all the employed and self-employed persons in the area controlled by the Republic of Cyprus, started in 1980 and then after the financial crisis of 2013. In Lithuania pension reform started in 1995, but only in 2004 three pillars system was implemented, new reform was introduced in 2018. However, introduced reforms don't guarantee well-being of elderly population and rise challenging discussions about what economic and social means should be in place in each country for extending the working life through active involvement and a productive life. [From the publication]

ISBN:
9788075095619
Related Publications:
Lithuania / Jolanta Pivoriene, Kristina Ambrazeviciute. Extended working life policies. International gender and health perspectives / edited by Áine Ní Léime, Jim Ogg, Martina Rašticová, Debra Street, Clary Krekula, Monika Bédiová, Ignacio Madero-Cabib. Cham: Springer International Publishing, 2020. P. 329-339.
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https://www.lituanistika.lt/content/82277
Updated:
2022-02-05 18:02:41
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