Recent macroeconomic and demographic trends have resulted in new challenges for pension systems. One of these challenges is to create a sustainable pension system while simultaneously providing adequate pension benefits for current and future pensioners. This research explores how similar are...

The aim of this chapter is to review the main instruments and indicators used to measure the sustainability of PAYG pension systems. It will distinguish between defined contribution and defined benefit systems, due to the various implications that each of them has. It will also be necessary to...

The majority of economies in the European Union are experiencing problems with the sustainability of pension systems that are primarily caused by unfavorable demographic trends and inadequate structure of the pension systems. This research concentrates on the New Member States of the European...