Original scientific paper
https://doi.org/10.3935/zpfz.73.23.10
The Croatian Model of Partial Retirement: A Critical Review
Ivana Vukorepa
orcid.org/0000-0001-6759-9992
; Faculty of Law Univesrity of Zagreb, Zagreb, Croatia
Abstract
Partial retirement should be designed to motivate people to stay longer in the world of work and delay their full retirement, consequently reducing the pressure on the pension system and preventing expenditure growth. Therefore, at the individual level, it should contribute to gradual retirement and improve pension adequacy, and at the systemic level safeguard the pension system’s sustainability. However, in 2014, Croatia introduced a model of partial retirement with the right to a full pension, first only for beneficiaries of old-age pensions, only to extend this right later also to the beneficiaries of early old-age and survivorship pensions. Therefore, after brief theoretical considerations and concise comparative comparisons, the paper analyses Croatian legislation and statistical dana related to partial retirement. The analysis carried out indicates that the Croatian model has several undesirable effects: it encourages people to retire, leads to a greater burden on the pension system, does not necessarily contribute to the increase of pension benefits and potentially causes distortions in the labour market.
Keywords
partial retirement; pension; pension with work; pension system; Croatia
Hrčak ID:
308881
URI
Publication date:
16.10.2023.
Visits: 1.619 *