de Menil, Georges; Hamayon, Stephane; Seitan, Mihai - CASE-Center for Social and Economic Research - 1999
In Romania before 1989, as elsewhere in the Soviet world, retirement support was one of the few rewards that the regime …. As a consequence, before 1989, Romania.s retirement system can be considered to have been consistently in excess. In the … system was in deficit, and the average real benefit had fallen to 45 % of its level in 1990. In 1998, Romania began an …