PRIVATE PENSION FUNDS CHALLENGE FOR THE PENSION SYSTEM REFORM IN ALBANIA

Abstract

The object of this study is the analysis of private pension funds and the challenges for the reform of the pension system in Albania after the fall of the communist system, the progress of its most important indicators, the reforms undertaken in the system of private pension funds. Of course, after this analysis naturally emerging problems and further reforms that need to be made to the system in order to maintain its financial sustainability, good administration, etc. The Private Pension Fund is a saving tool designed for additional income when retiring. Among the main factors affecting pension funds are the legal and regulatory framework, prudent investment policies, time span (investment time extension) and public transparency and credibility.