THE GROSS AND NET RATES OF REVENUES REPLACEMENT WITHIN THE RETIRING PENSIONS

This paper analyzes the level of two essential indicators within the current systems of retiring pensions. The gross rate of revenues replacement in retiring pensions is described in the first part, where its values are illustrated for three classes of participants’ revenues at the retiring pension plan. The second part of the paper emphasizes the main issues related to the fiscal regime of the retiring pensions and of the retirees. The net rates of revenues replacement within the retiring pensions are described at the end of the paper