Abstract:

One of the basic components of social security of a state is the national pension system, it providing virtually the true image of the political, economic, demographic and cultural evolution of a state. The importance of the pension system is enhanced by its direct link with both labor cost developments and the stock market or individual savings. The paper tries to capture the pressure on pension systems in the medium and long term, the future of pension policy in the context of social protection policies in Romania, also making a series of projections on the future evolution in different assumptions of economic and social context.