In general, the structure of pension systems is set up differently in every country. The aspects in which these systems vary across nations include – amongst others – the degree of voluntary participation, the extent of workers’ contribution, the amount of pensioner’s benefits as well as the retirement age. The way of financing a pension system is regarded as another crucial element for defining such schemes. Thus, this research will examine the best financing method for pension systems.

(This thesis is not available in full due to confidentiality.)