The reform of the reform, the principles of an unavoidable further reform of social security

Botos Katalin and Botos József: The reform of the reform, the principles of an unavoidable further reform of social security. In: Studies in international economics and finance. pp. 9-17. (2011)

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It is commonly accepted that a reform of the social security system has to be carried on. The changes implemented in 1998 that created the second pillar of the system are not to be considered as a true reform of the social security system. In the economy of the Hungarian aging society the change to the capital reserve system was very expensive; it was financed from government debts. However, without influencing the demographic processes, the pay as you go system inevitably becomes uncontrollable. We propose to introduce the point-based system into the state pension system. The essence of the system is that the points collected in accordance with adequate regulation – in which theoretically, for example, the performance of the mothers bringing up children can be built in – would define the pension compared to the average wage at the time of the payment, which will be the fee of the to-be retired person. The fees in this system would be shared by the employer and the employee. It would allow us to create a social security system with an influence on demographic processes. This would incite employment and it can be supplemented by – voluntary – supplementary pension fund savings. This proposal, however, does not exempt the government from responsibility to create an economic policy that creates jobs.

Item Type: Book Section
Journal or Publication Title: Studies in international economics and finance
Date: 2011
ISSN: 1588-8533
ISBN: 978-963-315-055-9
Page Range: pp. 9-17
Series Name: SZTE Gazdaságtudományi Kar közleményei
Language: English
Related URLs:
Uncontrolled Keywords: Társadalombiztosítás - Magyarország, Gazdaságpolitika - Magyarország - 21. sz., Nyugdíj - Magyarország
Additional Information: Bibliogr.: 17. p. ; összefoglalás angol nyelven
Subjects: 05. Social sciences
05. Social sciences > 05.02. Economics and business
Date Deposited: 2016. Oct. 17. 10:39
Last Modified: 2022. Mar. 02. 07:40

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