| Abstract [eng] |
Master’s thesis formulates a problem for household participation in II pension pillar. It identifies the factors that have the greatest impact on households choice to withdraw or extend the accumulation in II pension pillar. Master's thesis is formed – to analyze theoretically the characteristics of the pension system and to identify households choice accumulate II pillar determinants and to assess the determinants effects of the Lithuanian population cumulated II pension pillar, pension reform aspect. Theoretical part of the thesis provides analyzed and systematized various Lithuanian and foreign authors' opinion about the household saving significance and cause, the pension system’s development, pension pillars, which dominates in the world. It was identify the advantages and disadvantages of the pension system and systematise factors (economic, political, demographic and social), which promotes the accumulation of their old age through the pension system pillars. It was found that there is no universal pension systems that is appropriate for differentparts of the world. And it should take into account each country‘s political, economic, demographic and social situacijon when it needs to choose pay as you go and funded pensions systems alternatives. Empirical part of the thesis analyses Lithuanian social insurance to insured persons, II pillar participants, pensioners, contributions and benefits dynamics and structure of the retrospective point of view. It was found that 73.29 percent. social insurance for insured persons are II pension pillar participants, because they wanted to ensure financial security during pension. The average pension is only 230.50 EUR and the poverty line - 208 EUR in Lithuania. It was a quantitative survey (questionnaire) to collect the raw data on household participation in the II pension pillar. It was found that most of of respondents share (48.25 percent.) decided to keep under the conditions in force until 2012. 39,75 percent. of the respondents chose to expand the collection of pension contributions and pay additional pension contributions from their own funds. The smallest share of respondents (12 percent.) decided to stop the accumulation of II pension pillar. Logistic regression analysis showed that the primary factor leading to the choice to withdraw, modify or extend the storage conditions of II pension pillar is training after high school graduation. |
