Insurance and Pensions

Foreword / 7

Chapter 1. Theoretical considerations regarding social security and social protection / 9
1.1. The concepts of security and social protection / 9
1.2. Europe 2020 Strategy / 16
1.3. Keywords / 19
1.4. Verification of knowledge / 20
1.5. Grids to solve / 20
1.6. Answers to grids / 22

Chapter 2. Social security policy / 23
2.1. Highlights of social policy / 23
2.2. Keywords / 30
2.3. Verification of knowledge / 30
2.4. Grids to solve / 31
2.5. Answers to the grids / 32

Chapter 3. State social insurance / 33
3.1. The concept of state social insurance / 33
3.2. The social insurance system in Romania / 35
3.2.1. Pensions / 39
3.2.2. Social insurance benefits and aids / 49
3.3. International pension systems / 54
3.4. State social insurance budget / 56
3.5. The stages of the budgetary process at the level of the Romanian State Social Insurance Budget / 57
3.6. Keywords / 62
3.7. Verification of knowledge / 63
3.8. Grids to solve / 64
3.9. Answers to grids / 69

Chapter 4. The privately administered pension system in Romania / 71
4.1. General aspects regarding privately administered pensions / 71
4.2. Privately administered state pension (Pillar II) / 73
4.3. Privately administered voluntary pension (Pillar III) / 82
4.4. Keywords / 87
4.5. Verification of knowledge / 88
4.6. Answers to grids / 89

Chapter 5. Private life insurance type pension / 90
5.1. Overview of life insurance / 90
5.2. Traditional insurance / 98
5.3. Unit linked insurance (investment) / 101
5.4. Keywords / 106
5.5. Grids to solve / 107
5.6. Answers to the grids / 108

Chapter 6. Social assistance in Romania / 109
6.1. The concept of social assistance / 109
6.2. Keywords / 116
6.3. Verification of knowledge / 116
6.4. Grids to solve / 117
6.5. Answers to grids / 120

Selective bibliography / 121

The paper "Insurance and Pensions" contains updated course notes, useful information for the general public, questions, grids to solve and problems that are addressed to all those interested in this socio-economic field.
In this paper we aim to present the main theoretical and practical aspects of the Romanian system of insurance and social protection. For this reason, we considered it useful to concentrate the theoretical aspects and to bring to the reader's knowledge the novelties that he can use in daily life.
Addressing economics students, the book helps to synthesize the content of disciplines with a pronounced social character in the university curriculum.
Readers' access to the information contained in this paper is facilitated by the use of various ways of presentation and presentation, descriptions, comparisons, etc.
The selective bibliography offers those interested the opportunity to know the broad issues of contemporary social protection, to deepen the knowledge acquired through a complex and continuous training process.
The realization of this paper was requested by economist students for a faster learning of the economic and social notions of social protection in Romania. At the same time, this book is addressed to any reader eager to know, in a short time, the main problems of insurance and social protection in Romania.
For an interdisciplinary approach, such as the issue of social insurance, we turned to the experience of undisputed specialists in their fields of activity, who supported the realization of this work.

The Authors