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The article presents an insight into the old age pension system in Luxembourg. There, the author's goal was to present both past and present solutions employed by the Luxembourgish pension system, in search for ideas worth consideration in international comparisons. In the summary, the author highlights as a particular Luxembourgish approach the possibility to receive reimbursement of the contributions paid for the base pension insurance after reaching the age of 65 in case a person is not entitled to the pension benefit,
EN
The following article presents results of projecting the size of the economically active population in Slovakia until 2025 in three scenarios based on the anticipated age of retirement (62, 65, 70). Using individual data from the Labour Force Survey and a regional demographic forecast for Slovakia and applying the logit model we estimated the probability of economic activity for subgroups of the population. Assuming the retirement age at 62 we estimate the size of the economically active population in Slovakia to culminate in 2013 and decrease onwards rather sharply. Postponing the retirement age to 65 anticipates only a slowdown of the decreasing trend while postponing it to 70 would allow the number of the economically active population to culminate at higher levels earliest around 2020. The share of older age groups and individuals with university education should increase in line with expected trends.
EN
The aim of this paper is to characterize the pension system in the Slovak Republic, to define its place in social policy and to highlight current problems caused by the adverse effects of demographic trends and global economic development. As a result of these on-going processes, the sustainability of the pension system in terms of public finances and the stabilization of pension system become highly relevant. In addition, the adequacy of pension benefits for maintaining the recipients’ standard of living must be taken into account. The aim is to ensure the functionality of the system to be able to meet social objectives and to respond to changing social needs.
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