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FACTORS AFFECTING THE PROVISION OF THE STATE PENSION SYSTEM

Journal: Innovative Economics and Management (Vol.I, No. 1)

Publication Date:

Authors : ;

Page : 215-219

Keywords : “Public Social Welfare”; “The principle of economic continuity”; Pension system.;

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Abstract

“Common Public Welfare” is the basic service, provided by the country, which is delivered equally to all the members of society and does not exclude assumption from their side, about which part of society gets mostly the right for this type of public social welfare. (Defense, Health Care and other services, provided by the state in different spheres). The main object of social welfare in this topic is the process of reforms taking place in the state pension system. State pension system provides all the pensioners as well as the people waiting for being pensioners, with the monthly minimum wage, in order to ensure their minimal means of subsistence. Besides the fact of raising pension amount, inaction of differentiate principle of pensions is taking place, which is the result of the lack of social security fund, inflation processes, the reduction of population, dating from the 90s of the 20th century, which are caused by the high mortality indicator, low indicator of birth-rate and migration processes. For reducing all the above mentioned processes, it is important to stimulate birth-rate, to reduce mortality and implement an active demographic policy. Thus, the country's demographic development, migration and natural population movement has an important impact on the socio-economic development, what about social factors, it is directly related to the pension system, the problem facing not only Georgia, but many other developed country.

Last modified: 2018-02-20 16:26:57