Faculty of Economy, Marketing – Tourism Department, University “Fan S. Noli”, Korce, Albania
4th International Conference – ERAZ 2018 – KNOWLEDGE BASED SUSTAINABLE ECONOMIC DEVELOPMENT, Sofia- Bulgaria, June 7, 2018, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; Faculty of Business Studies, Mediterranean University – Podgorica, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia, ISBN 978-86-80194-12-7
The retirement system in Albania has gone through a series of important reforms. Actually, the retirement system in Albania is dominated by the public mandatory scheme managed by the Institute of Social Security. This paper discusses the potential role of a Non-Financial Deﬁned Contribution scheme and its implementation in the Albanian retirement system relying on international theory and experience. In the present social and economic situation in Albania, the reforms in retirement system are needed immediately, so that the retirement system fulfills its intended functions. It should be an important element in reducing the poverty and enhancing the future social-economic developments; therefore the only alternative is to improve it further by reforming it.
retirement, reform, Non-Financial Deﬁned Contribution Schemes, Albania
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