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This study aims to explore the impact of digital transformation on behavior intention in the pension fund sector in Indonesia. To address this, a research model based on Technology Accepted Model (TAM) through 6 hypotheses is developed. The proposed research model and research model were tested with 780 pensioners in Indonesia and resulted in Trust not having an impact on behavior intention in digital platforms for pensioners while other hypotheses perceived ease of use, perceived usefulness, mobility, customization, customer involvement, are accepted. This research was conducted during the COVID-19 pandemic, which may give a significant factor in digital transformation in the pension sector. Need further investigation regarding trust does not positively impact behavior intention due to many studies resulting in a positive impact on TAM theory. [ABSTRACT FROM AUTHOR]

The studies carried out by the rating companies place our country in a not very honourable place, but actually on the contrary, according to the survey carried out about financial and banking education, which contributes to the level of well-being. We are ranked 123 out of 143 states that participated in this study. The level of financial education, the degree of "literacy" in managing one's own finances, shows us that, in Romania, four out of five people do not have even the most basic knowledge about finances. Percentage wise, financial illiterates represent 78% of the population. The completely unfavourable context should make both decision-makers and strategy makers think, as well as every citizen. We consider it appropriate to briefly present some of the financial instruments that could ensure a better life at retirement age. [ABSTRACT FROM AUTHOR]

This paper focuses on the development trends of retirement and pension system over the world. It begins with the dated back on the first establishment of the system, continued with the chronological of its entire system. Then the paper highlights the contributory and non-contributory pension system in which classified into several perspectives. Furthermore, the discussion has brought the attention to the two basic models of retirement system known as defined-benefit and defined contribution. At the end, this paper concludes with the challenges and future directions of the retirement system which can give a huge impact to the government and authorities to have a better preparation towards on an ageing nation. [ABSTRACT FROM AUTHOR]

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The phenomenon of aging at European level is a worrying reality in the aspect of economic and social solutions. A quarter of the European population is pensioners. The forecasts for the coming decades reflect an imbalance in the ratio between the working population and the retirement age population. In Romania, pension systems are facing great difficulties in fulfilling their "pension promises" due to increased unemployment, decreased economic growth, increasing public debt levels and volatility of markets Financial. In addition to increasing the retirement age, the education of the young population in the spirit of saving through private pension programs or the unit- linked programs can be the solution to the "swan song". Dinamic Invest is one of the most stimulating investment programs with the insurance component. This unit-linked type program offers the possibility of choosing the investment according to the inclination of each person to the risk and of his investment options, due to the existence of a complete investment structure. The flexibility of choosing between six investment options in Euro and three options expressed in national currency - denominated leu - is another challenge for Romanian citizens aged 15-65 years. Another advantage offered by Dinamic Invest is the flexible duration of the investment (5-55 years) as well as the possibility of repurchase and reinvestment during the entire period of the contract. Romania has an important investment market in saving programs. [ABSTRACT FROM AUTHOR]

Conditions for the appointment of early retirement old age are divided into General and special. The General include those conditions that are required to perform in absolutely any form of pension insurance. Special conditions include those that belong only to a certain type of pension insurance, in our case, old-age insurance pensions in connection with special working conditions and certain types of professional activity. [ABSTRACT FROM AUTHOR]

Copyright of Congreso Internacional de Investigacion Academia Journals is the property of PDHTech, LLC and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper describes some basic characteristics of the social policies for the elderly people in four countries, namely Russia, Italy, Finland and the UK. Maian focus is at the analysis of neo-liberal policies impacts on welfare policies: covering a conceptual analysis of some issues as eligibility and risk, transforming models of the social policy and its institutional setups. Modern research agenda includes theorizing, analysis and evaluation of welfare institutions, organizations and policies along with the ways in which they connect with the living conditions of citizens. This embraces welfare provision in a broad sense, including fields such as social policy, social work or elderly care. The authors seek answers to questions of the relationship between economic development, pension systems and welfare, labour and care, renewed centre of a debate in 21 century after classical works by W.Korpi [5], G. Esping-Andersen [11] and P.Abrahamson [1]. We take as indicators of well-being for elderly: low level of dependency, high level of employment (formal and informal) and access for social care. To have job and to be independent in modern world is a very strong factor for social inclusion of the elderly. The attention of society moved from welfare state expansion, to alternative welfare state forms, different kind of cares affected a range of social and economic relations. We can compare level of employment and dependency, age and level of pension and income of older generation. The discussion about place in Human Development Index (HDI) draws upon country-level cases which include England, Italy, Finland and Russia. These countries are high-income developed nations with democratic political systems; they have diverse welfare regimes and political histories, but many differences too. It's a question, how we can compare different countries, but G.Citroni and A.Sicora [3] and before, Aspalter [2] tried to answer this question. After Esping-Andersen's [5] pathbreaking work, the notion of multiple welfare state regimes spread and has been elaborated on and extended to identify alternative pathways of welfare state expansion. Rapid economic growth has been associated with growing disparities in income distribution. As a result, whereas many high income parents have ample child and elder care and household support, poor families, particularly single mothers who cannot afford childcare often leave children to their own devices. Family fragmentation between rural and urban areas and within cities and megacities associated with massive urbanization means family members are less able to provide care support than in the past. Development of national policies is to address the economic implications of conflicts between "reproductive work" and paid work including affordable public, public-private, private and cooperative child and elder care support systems. [ABSTRACT FROM AUTHOR]

Copyright of Congreso Internacional de Investigacion Academia Journals is the property of PDHTech, LLC and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Congreso Internacional de Investigacion Academia Journals is the property of PDHTech, LLC and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The Azerbaijan economy has experienced the different challenges after the falling oil prices due to the resource dependent export. On the other hand, the current situation in the economy, including the rising consumer prices, job cuts, and the depreciation of the currency have affected the population's daily life. The main goals of the paper are to assess the socioeconomic policy of the government, to evaluate the contribution of the oil-gas sector to the social development and the recent effects of the falling oil prices in the labour market. [ABSTRACT FROM AUTHOR]

The paper starts with pointing out the economic status of seniors in Czech society. Furthermore it represents seniors as an important marketing target group. The subsequent section looks at seniors as commercially exploitable target group for rogue traders associated with the trickster phenomenon. Conclusion the text highlights the benefits of Internet communications to tackle this socially undesirable phenomenon. [ABSTRACT FROM AUTHOR]

The paper discusses the issue of the adequacy and efficiency of European pension systems. The author perceives the adequacy and efficiency as multidimensional categories expressing the "goodness" of contemporary pension systems. Adequacy refers to the social aspect of pensions whereas efficiency reflects its economic conditions, however broadly understood, including not only financial sustainability, but also the impact pensions have on the labour market. The main goal of the study is to evaluate the multidimensional adequacy and efficiency of European pension systems and to find possible relationships between these two categories of a pension system. The method employed in the study is mainly based on the multidimensional statistical analysis and correlation analysis. The data used in the analysis comes from Eurostat and covers 30 countries in the years 2007 - 2011. The study allows to identify the change in the relationship between synthetic adequacy and synthetic efficiency in a given period from negative to positive one. The paper supports the view that in the long run efficiency is a necessary condition for income adequacy. [ABSTRACT FROM AUTHOR]

The longevity risk of individuals has been underestimated for many years. With the deepening of aging degree, the management of longevity risks has become a serious problem to government pension fund. This paper investigates the hedging strategies for longevity risk management using securitized products. Longevity bond is one of the most representatives of a series of the products. The paper designs a longevity bond and improves the pricing methodology. Compared with the existing results, the pricing model in this paper further reduces the impacts of stochastic mortality and incomplete markets. And the longevity bond can meet the demands of investors with different risk preferences. The result in this paper is more in line with the objective reality of the financial markets. [ABSTRACT FROM PUBLISHER]

Social protection is a way that respects human dignity. This is because each citizen is a part of society and he contributes to its development. In return, the society gives to him a social protection, materialized in social services including the pension he received after a full contribution stage. This article attempts to demonstrate that the current public pension system violates the principle contributiveness by establishing the government's pension point value and application of discrimination in the way of granting the state pensions. [ABSTRACT FROM AUTHOR]

Based on the actuarial theory of endowment insurance, aiming at the replacement rate and balance between income and expenditure of endowment insurance, the model needs to be established to do the research. The worker data of a company in Shandong Province are taken as an example to analyze the condition pension target substitution rate and the balance between income and expenditure influenced by indexes, and constructive suggestions are given. [ABSTRACT FROM PUBLISHER]

The present paper starts with the study on the annual pension deficit in the EU member states, elaborated by AVIVA and DELOITTE companies in 2010. The paper analyzes the impact of pensions saving and education deficit on the living standards in Romania, in the post-activity period. It comprises the following sections: an introduction to the analysis, several definitions and the calculation method employed in the above-mentioned study, comparisons between Romania and other EU members states, focusing on the pension deficit, as well as a brief overview on the pension systems in Romania. In the end of the paper, we propose a debate on good financial planning that can make the difference between poverty and a decent standard of living at the time of retirement. [ABSTRACT FROM AUTHOR]

The beginning of 2011 brought some questions for all the persons-romanian citizen - beneficiaries of the pension rights , but also for the middle age persons, which feel a threat for their right to pension. I propose to research the way that the pension right is influenced by the political decision taken by the party temporary governing. Also, I propose to identify the possible effects of these decisions. [ABSTRACT FROM AUTHOR]