Comparing the social security system in Portugal and in the USA in the payment of retirement pensions

• Main Author: Vairinhos, Miguel Prazeres
• Publication Date: 2023
• Format: Master thesis
• Language: eng
• Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
• Download full: http://hdl.handle.net/10071/30936
• topic: Pensions; Pensions schemes; Pension funds; Segurança social -- Social Security; Portuguese Social Security; American Social Security; Pensões; Reformas; Fundos de pensões; Segurança social em Portugal; Segurança social nos Estados Unidos

This thesis presents a comprehensive comparative analysis of the Portuguese and American social security systems concerning the payment of retirement pensions. With a focus on key factors such as eligibility criteria, benefit calculation methods, and sustainability, this research aims to shed light on the strengths, weaknesses, and nuances of each system. Through rigorous quantitative analysis and qualitative assessments, this thesis offers insights into the financial stability and long-term viability of both systems. It examines the adequacy of retirement benefits, considering the different contribution rates and earnings replacement ratios. By comparing these two social security models, this thesis aims to contribute to a deeper understanding of the challenges and opportunities faced by countries with varying approaches to pension provision. Ultimately, it seeks to inform policymakers and stakeholders about potential strategies for enhancing the sustainability and effectiveness of retirement pension systems in an ever-changing global landscape.