THE ROLE OF THE PENSION SYSTEM IN THE MODERN WORLD

THE ROLE OF THE PENSION SYSTEM IN THE MODERN WORLD

On the base of previous researches and papers, this article shows importance of pension system. Were shown three different pension systems from Europe and Asia. Some systems are young and some are old with long history, but all of them unite strong relationship with other spheres of national economy. In this article, we look at historical improvement of different pension system, compare it and also find similarities. For the purpose of the article author uses historical method to show development of countries pension systems, graphical method to better view of current pension systems, analysis, analogy and comparison methods for understanding of the similarities of pension systems, there weaknesses and strengths, why we should use best elements from different systems to create or improve our. Results of the article are that pension system is the great source of investments, the political weapon and the source of social stability of a country, also we answered the question: how important pension system today and why policymakers should take into account best parts of different pension models and don’t blindly copy systems, as it was in 80th. That’s why government should create as autonomic system without “hand control” as it’s possible.

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