Sustainability Determinants of the Public Social Security System

Abstract

The present paper aims to highlight the main problems facing the current pension system in Romania, by analyzing the main determinants and by identifying the weak links in the social insurance circuit. Through an analysis of the cause of the effect, it aims to highlight the main problems of the Romanian pension system and the impact they have on society, endangering the quality of life, and the future evolutions within the economic and social activity. In Romania, because of the decreasing population, the public pension system can no longer provide adequate pensions for future generations of Romanians. According to them, the population tends to underestimate their real savings needs in the world, including countries that are more developed and financially educated than Romania.