Pensijų sistemos tvarumas ir jos dalyvių interesai
Sustainability of pension systems and interests of their participants

Summary/Abstract: The article belongs to the scope of pension reforms, however does not analyse different reform models but goes into the base of necessity to reform. The major attention is given to explore different and contradicting interests of pension system’s participants. The article claims that to reform pension system means to change the interests of its participants from antagonistic – which are in PAYG schemes – to cooperational. The latter can develop among individuals, business and communities only in more free, more flexible and less politically influenced social security system. The conclusion is made that in other case no economic and political means can resolve the inner tension of the pension systems and to achieve its long term viability as well as social value.

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