The Geneva Papers on Risk and Insurance (2004) 29, 417–439. doi:10.1111/j.1468-0440.2004.00295.x
The Financial Sustainability of the Portuguese Social Security System
Carlos Manuel Pereira da Silva1, João Paulo Tomé Calado1 and Maria Teresa Medeiros Garcia1
1School of Economics and Management, Technical University of Lisbon, Portugal
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Abstract
This paper analyses the account of the benefits sub-system as well as its impact on the portfolio of Social Security Trust Fund ("FEFSS"). Section 2 describes state social security and the account projections of the benefits sub-system. Section 3 analyses the actuarial and financial equilibrium of the system in the short and long term and the fund's assets. Section 4 concludes.
