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https://www.um.edu.mt/library/oar/handle/123456789/76399
Title: | A proposed pension scheme for Malta : the financial aspects |
Authors: | Mohnani, Evan (2000) |
Keywords: | Financial services industry -- Law and legislation -- Malta Pensions -- Malta Social security -- Malta |
Issue Date: | 2000 |
Citation: | Mohnani, E. (2000). A proposed pension scheme for Malta : the financial aspects (Master's dissertation). |
Abstract: | This dissertation analyses the various options Malta could adopt in the coming years, so as to maintain a sustainable social security system that will allow future retirees to continue to live a standard that is comparable to the standard they enjoyed prior to retirement. The present defined-benefit pay-as-you-go system is an inadequate means of providing for old-age security, principally due to its high social costs, evasion and, foregone and misallocated labour, capital and public resources. In addition, the system's malfunctioning fa worsening the government's fiscal crisis, preventing growth that is ultimately the only way out of these difficulties. Malta needs to reform its single pillar system to a multi-pillar system, thus avoiding the disadvantages associated with any single pillar scheme. The proposed system encompasses three pillars - one publicly managed and tax-financed, the other privately managed and fully funded, and the third being a voluntary pillar for those who want more. This multi-pillar system should have better-targeted redistributions, more productive savings and lower social costs. In addition it reduces the exposure of workers from political, investment and country-specific risks. |
Description: | M.A.FIN.SERVICES |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/76399 |
Appears in Collections: | Dissertations - FacLawCom - 1997-2008 Dissertations - MA - FacLaw - 1994-2008 |
Files in This Item:
File | Description | Size | Format | |
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M.A.FIN.SERVICES_Mohnani_Evan_2000.pdf Restricted Access | 4.65 MB | Adobe PDF | View/Open Request a copy |
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