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Pension support: demographic problems and aging of the nation

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Pension support: demographic problems and aging of the nation

09.10.2018
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The demographic aging of the nation had a direct effect primarily on the structure of consumption and production, but, first of all, on social and medical support, as it influenced a significant increase in the costs of the state budget for pensions and other types of social and medical support.

In most countries, the aging of the nation caused a number of problems associated with the search for new additional sources of pension provision. Increasingly, reasoned information began to appear that the aging of the population, an increase in the number of elderly people is a heavy burden for an actively earning population.

The issue of the need to search for an alternative began to be actively discussed in order to somehow stop the active increase in financial pressure on the population occupied by making money.

Economic experts discussed the retirement age, at which the total amount of the paid pension contributions and the pension provision received should be equal. Such a retirement age will be the greater, the higher the age of going on a well -deserved rest. The period between retirement and such an age is determined by the ratio of the size of the paid pension contributions and annual pension payments.

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