Retirement systems are extremely complex social, economic, legal, and organisational structures. The authors of retirement systems are faced with a great number of dilemmas. The pension related expenditure has systematically been increasing in the developed world, also as a percentage of GDP,...

Retirement systems are extremely complex social, economic, legal, and organisational structures. The authors of retirement systems are faced with a great number of dilemmas. The pension related expenditure has systematically been increasing in the developed world, also as a percentage of GDP,...

Retirement systems existing in the world are extremely complex social, economic, legal and organisational structures, however their basic function always remains provision of funds for the maintenance of people at post working stage. This basic function may be fulfilled in different ways. The...