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A critical view on pension savings in Slovakia

  1. TitleA critical view on pension savings in Slovakia
    Author infoJana Špirková ... [et al.]
    Author Špirková Jana 1962- (34%) UMBEF05 - Katedra kvantitatívnych metód a informačných systémov
    Co-authors Dobrovič Martin (33%)
    Vinczeová Miroslava 1971- (33%) UMBEF03 - Katedra ekonomiky a manažmentu podniku
    Source document Statistika : Statistics and Economy Journal. Vol. 101, no. 4 (2021), pp. 370-382. - Praha : Český statistický úřad, 2021
    Keywords očakávaná dĺžka života   dôchodkové systémy - penzijné systémy - pension systems  
    Form. Descr.články - journal articles
    LanguageEnglish
    CountryCzech Republic
    AnnotationIn almost all countries around the world, pension systems are based on several pillars. This is also the case of Slovakia with its three-pillar pension system. The paper presents a case study underlying the risks that can seriously affect the amount of future pensions. The case study clearly indicates that current pensions in Slovakia paid under all three pillars do not correspond with the expectations from the implementation of the three-pillar pension system. The aim of the paper is to the risks that can seriously affect the amount of future pensions. Our own contribution is the determination of the amount of pension for a specific pensioner specified in the presented case study. Within the saving phase of pension contributions the development of investment fund returns, the amount of future pensioner´s contributions, as well as administrative costs are analyzed on a monthly basis. The payout phase is modelled using actuarial functions applying the mortality tables of Slovakia.
    URL Link na plný text
    Public work category ADM
    No. of Archival Copy51409
    Repercussion category VAGASKÁ, Alena - GOMBÁR, Miroslav - STRAKA, Ľuboslav. Selected mathematical optimization methods for solving problems of engineering practice. In Energies. ISSN 1996-1073, 2022, vol. 15, no. 6, pp. 1-22.
    MELICHERCIK, Igor - SZUCS, Gabor. Payout phase of defined contribution systems: the case of Slovakia. In Statistika. ISSN 0322-788X, 2023, vol. 103, no. 4, pp. 445-461.
    Catal.org.BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici
    Databasexpca - PUBLIKAČNÁ ČINNOSŤ
    ReferencesPERIODIKÁ-Súborný záznam periodika
Number of the records: 1  

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