THE MANDATORY PRIVATE PENSIONS. A EUROPEAN CHALLENGE FOR ROMANIA

The problem of national pension fund systems is a global one, due to the feeble performances of the PAYG system. The paper will focus on the main aspects of multi-pillar system. The aim of this article is to underline the similarities and differences between the several states that are already experienced in the field of the multi-pillar pension system in order to identify both the weak points that Romania might deal with, and the strong points that provide a carefree life to all social categories.