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Title What is the cost of pension reform reversal in Slovakia and could the NDC scheme solve the fiscal imbalance of payg scheme? Author info Ján Šebo, Daniela Danková, Ivan Králik Author Šebo Ján 1978- (34%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Co-authors Danková Daniela 1994- (33%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Králik Ivan 1992- (33%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Source document Pensions today : economic, managerial, and social issues. S. 116-132. - Łódź : Lodz University of Technology Press, 2021 / Friedman Joseph ; Carpio Jose Enrique Devesa ; Garcia Jose Alvarez ; Feldman Magnus ; Flaszewska Sylwia ; PenCon - Pensions Conference 2020 pensions conference Keywords dôchodky - dôchodok - pensions schémy PAYG system reformy - reforms Headings Geogr. Slovensko Form. Descr. príspevky v zborníku - proceedings papers Language English Country Poland Annotation Slovak pay-as-you-go pension scheme has been organized as a point system where the pension benefits depend partly on the life-long income of an insured person. Since 2005, part of the paid social insurance contributions is redirected into the funded pension scheme, where the savers can choose the pension fund as a vehicle for their pension savings. The financial crisis has forced government to lower the part of social insurance contributions flowing into the funded pillar and introduce balancing mechanism, where the statutory retirement age is tied to the life expectancy of a retiring population. The automatic adjustment to the retirement age was introduced in 2012 as a part of stabilization measures for public finances and came into force in 2017. Rising retirement age on average by two months annually swiftly became a nutrient medium for a political populism that turned out into reform reversal regardless the long-term consequences on pay-as-you-go pillar balance and expected pension benefits. In 2019, Slovakia abandoned the mechanism of automatic adjustment to the retirement age based on the life expectancy of retiring population and Slovak national parliament constitutionally introduced retirement age ceiling at 64 years for men with further bonification of half-year for a raised child up to three children for women. If no correction mechanisms are implemented, this reform reversal would have significant impact on future pension expenditures as well as on the level of pensions received not only from the pay-as-you-go scheme but also from the funded pillar as pointed by CBR (2018b). Seeking for the stabilization measures, introduction of the notional defined contribution (NDC) scheme emerged as a possible solution, which is being investigated by Ministry of Finance of Slovak republic. URL Link na zdrojový dokument Link na plný text Public work category AFC No. of Archival Copy 50137 Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ 
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Title Vplyv zavedenia dôchodkového stropu na výšku starobných dôchodkov na Slovensku Par.title Impact of retirement age fixation on the level of pension benefits in Slovakia Author info Ján Šebo, Daniela Danková Author Šebo Ján 1978- (50%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Co-authors Danková Daniela 1994- (50%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Source document Ekonomika a spoločnosť : vedecký časopis Ekonomickej fakulty UMB v Banskej Bystrici. Roč. 19, č. 2 (2018), s. 128-139. - Banská Bystrica : Vydavateľstvo Univerzity Mateja Bela - Belianum, 2018 Keywords dôchodkový vek - retirement age starobný dôchodok PAYG system Headings Geogr. Slovensko Form. Descr. články - journal articles Language Slovak Country Slovak Republic systematics 33 URL http://www.ef.umb.sk/ef/UploadFolder/1326/subory/Ekonomika%20a%20spolo%C4%8Dnos%C5%A5,%20%C4%8D%C3%ADslo%202_2018.pdf Public work category ADF No. of Archival Copy 44978 Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ References PERIODIKÁ-Súborný záznam periodika 
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Title Challenges in Slovak PAYG and DC schemes Author info Ján Šebo, Ľubica Šebová, Tomáš Virdzek Author Šebo Ján 1978- (40%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Co-authors Šebová Ľubica 1978- (30%) UMBEF01 - Katedra cestovného ruchu
Virdzek Tomáš 1982- (30%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Source document Social security systems against the challenges of demographics and market. Pp. 71-86. - Poznań : Wydawnictwo Politechniki Poznańskiej, 2014 / Chybalski Filip ; Januszek Henryk Keywords PAYG system pension funds regulations protiraketová zmluva (ABM) Language English Country Poland systematics 334 Public work category AEC No. of Archival Copy 31127 Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ unrecognised
Title Challenges in Slovak PAYG and DC Schemes Author info Ján Šebo, Ľubica Šebová, Tomáš Virdzek Author Šebo Ján 1978- (50%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Co-authors Šebová Ľubica 1978- (30%) UMBEF01 - Katedra cestovného ruchu
Virdzek Tomáš 1982- (20%) UMBEF14 - Inštitút ekonomických vied
Source document Finance and risk 2014 : proceedings of the 16th international scientific conference, Bratislava 24 - 25 November 2014, Vol. 1. S. 240-249. - Bratislava : Ekonóm, 2014 / Alexy Martin ; Beličková Kornélia ; Finance and risk 2014 international scientific conference Keywords vyvážený systém neistota - uncertainty automatic balance mechanism PAYG system Language English Country Slovak Republic systematics 331 Annotation Article deals with the challenges in Slovak unfunded quasi DB PAYG and funded DC pension schemes under the uncertainty and non-existence of automatic balance mechanism (ABM. By uncovering theoretical knowledge on ABM for PAYG schemes, we focus on its ability to overcome political risks and costs of stabilization the PAYG system in short and long run. Further, we present developed ABM model into specific conditions of Slovak PAYG scheme and test its ability to balance PAYG system on cash and accrual basis. At the same time, we present the level of uncertainty tied to the passive saving strategy for savers contribution into the Ibis funded DC scheme. Public work category AFD No. of Archival Copy 34269 Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ unrecognised
File name Downloaded Size Comment S-S-V_Challange in PAYG and DC schemes in Slovakia_2014_full article.docx 42 149.3 KB Title Uplatnenie automatického vyrovnávacieho mechanizmu v priebežnom pilieri dôchodkového systému v Slovenskej republike Par.title Application of automatic balance mechanism into the PAYG pension system in Slovak Republic Author info Ján Šebo, Tomáš Virdzek Author Šebo Ján 1978- (80%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Co-authors Virdzek Tomáš 1982- (20%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Source document Ekonomický časopis : časopis pre ekonomickú teóriu a hospodársku politiku. Roč. 60, č. 5 (2012), s. 482-494. - Bratislava : Ekonomický ústav SAV a Prognostický ústav SAV, 2012 Keywords priebežný pilier súvaha - balance sheet automatický vyrovnávací mechanizmus PAYG system automatic balance mechanism political risk Language Slovak Country Slovak Republic systematics 368.914 Annotation Article deals with the existence and functioning of automatic balance mechanism (ABM) in the PAYG pension systems. By uncovering theoretical knowledge on ABM, we focus on its ability to overcome political risks and to stabilize the PAYG system in short and long run without drastic shock interventions, which are politically unstable. Further, we created and applied the ABM model into specific conditions of Slovak PAYG system and found its ability to balance PAYG system on cash and accrual basis. At the same time, we propose inevitable steps and changes in order to implement the model into practice and legislation. Public work category ADD No. of Archival Copy 24533 Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ References PERIODIKÁ-Súborný záznam periodika unrecognised