IMPACT OF FUNDED STATUS OF PENSIONS ON BORROWING COSTS OF STATES

The paper offers a general view of the pension performance measures as they are understood by current research. Each measure detailed in the study follows the intuition that performance can be measured only by comparison to a fixed item, being it asset benchmarks, minimum revenue or minimum operating costs. The paper follows a structure that highlights the main performance measures developed until present moment. The results of the paper bring upfront the difficulties that the Romanian pension market has to overcome in order to ensure valid information about the retirement income. In order to asses the state of the art in the field I conducted a literature survey.