Professional paper
https://doi.org/10.3935/rsp.v18i1.976
Early Retirement in the Republic of Croatia
Snježana Baloković
; Ministarstvo gospodarstva, rada i poduzetništva Republike Hrvatske
Abstract
The subject of paper is the review of early retirement system in the Republic of Croatia before pension reform, which began at the beginning of 1999, and a comparison with the system after the introduction of reforms. Early retirement system is a part of pension insurance system in almost every European country, and was particularly popular in South-Eastern European countries, due to rather generous schemes. These systems are different, regarding conditions for entitlements to the early retirement, as well as regarding the amount of pensions. South-Eastern European countries have prescribed rather generous conditions for early retirement before the commencement of pension reforms, and at the same time the amounts of the early retirement pensions were relatively high. Those amounts were only slightly below the amount of old-age pension, although the right to an anticipatory pension could be acquired in average up to five years before the old-age pension. Therefore, the early retirement was very interesting for a large number of potential beneficiaries, so this kind of pension was not treated as an exemption, but as a rule for retirement as soon as people were entitled to it. Economic crisis is a kind of trigger for obtaining the right to early retirement, because sometimes it is the only way out of a new situation where job seeking could be rather unsuccessful due to bad conditions caused by the economic crisis. However, after the introduction of reforms, the rules for early retirement are more or less similar in all European countries.
Keywords
early retirement; old-age pension; anticipatory pension; pension insurance; pension insurance laws and regulations
Hrčak ID:
66476
URI
Publication date:
20.3.2011.
Visits: 4.662 *