ECONOMIC ISSUES OF PENSION REFORM
Keywords:pension reform, economic problems, social insurance, savings funds, risk.
The transformation period towards market economy is inevitably referred to the new approach of solutions to different kinds of socio-economic issues. One of the latter is a pension reform. Having chosen the proper solution to those problems is certainly one of the major questions.
The version of Lithuanian pension reform is clearly expressed as a trend of the reduction of the liability and rising of responsibility of the future pensioners. The realization of this option confronts with a series of economic and social problems.
Analyzing the economic issues of pension reform there must be identified three major problems. The first concerns the “disadvantaged generation” of pensioners. The second is a risk problem related to the savings funds choice, their profitability, investment opportunities. Third, the evaluation of the various storage options and risk factors.
The economic problems can not be dissociated from the social standard change.