Pension Policy Choices, Troubles, and Suggestions. The Case of the Baltic States

Introduction
All societies, in one way or another, try to meet people's needs as they age and can no longer provide for themselves. As developing countries grow, they face difficult issues about when and how to establish pension systems that their more complex economies require. Countries making the transition from central planning to more market-oriented system confront similar decisions.1
The intention of the Pension policy choices, troubles, suggestions and the case of Baltic States is to shortly point out theoretical insights into pension schemes, and to discourse and analyze some of the problems, which existing pension systems face. Finally, the case of the three Baltic States – Estonia, Latvia, and Lithuania pension policies are outlined and economic data and arguments are given and discussed with bigger emphasis on Latvia, as the author of the essay is Latvian.…