Journal of Security and Sustainability Issues

Pension system efficiency is very sensitive topic to every citizen of the country. It is very common to criticize established pension systems in search for better solutions. The authors in the present research paper attempt to find out whether the criticism is deserved by evaluating the efficiency of Latvian pension system from the future pensioner’s point of view in the context of the state pension financed from two sources: state pension and state funded pension. Additionally, the authors highlight a number of aspects of pension system the sustainability in Latvia. Private pension is not considered.