THE RESEARCH OF POSSIBILITIES TO INTEGRATE OCCUPATIONAL PENSION FUNDS IN LITHUANIA

Abstract

Retirement savings are very important source of income, when a resident withdraws from labor market. But not always retirement savings are a sufficient source for a dignified senility. Many researchers are discussing about the best ways to change and sometimes completely reform pension systems in countries around the world. Yet there is no unique answer or reform for all different countries. Our pension system’s model for Lithuania was based on two foreign countries, which have occupational pension systems. The model proposes benefits for system’s participants and advantages for country’s economy.

DOI: http://dx.doi.org/10.5755/j01.em.18.3.4787