Abstract:
Starting in 1992, Romania has seen a series of changes in the social
pension system dedicated to agricultural workers. Among these, one of the
most important was the inclusion of the agricultural workers pension system
in the public social security system. This was dictated by the removal of the
cooperative agricultural system and the structural and economic institutions
that were supporting it. Up until 1992 financing of pensions for peasants
came from contributions from agricultural production cooperatives. Starting
with 1990 agricultural cooperatives were dissolved, and the agricultural
pension system was bankrupt. The next step was to integrate this system into
the public one. At present, the public system dedicated to agricultural
workers in Romania insures a pension of 20% of the average income. Under
these circumstances it is necessary to complement the public pension system
with a private one. The following paper tries to answer a few of the issues
concerning the size of the contribution to private pension funds, to the period
of accumulation and to the size of the benefit for insured ones in the
decumulation period.
