The position of public power in preventing the bankruptcy of pension funds

Document Type : Original Article

Authors

1 PhD student, Department of Public Law, Ares International Campus, Tehran University, Iran

2 Department of Public Law, Ares International Campus, Tehran University, Iran

3 Department of Public Law, Faculty of Law and Political Science, Ares International Campus, University of Tehran, Iran

10.52547/jlr.2022.228580.2315

Abstract

The issue of population aging in Iran is a problem that definitely needs to be thought thoroughly. This dilemma stems from the fact that the country has to support a bloated retirement population. Therefore, the issue of retirement and securing the future of government employees through pension funds has grown and developed a lot, and various laws and regulations have been passed regarding it, which has caused functional pluralism. However, wrong financial models, especially from the government, such as budgeting and allocation of financial resources, have caused nothing but inflation. Meanwhile, the findings of this research show that the more prominent the supervisory aspect of the government as a public and sovereign power in facing pension funds as a public and independent institution, the more efficient these funds can be. It should be considered more than just allocation of financial resources. However, the government's agency in providing the financial lines of pension funds from the public budget has caused it to dominate and dominate its management. So, the challenge of bankruptcy of these funds has been tried to be solved in an unprofessional and scientific way by filling its budget deficit in a phased manner. This is despite the fact that instead of looking for seats and management positions in these funds, the government should try as an observer to find the best performance (manager, type of management and the best methods of economic entrepreneurship) in these funds due to their importance.

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Articles in Press, Accepted Manuscript
Available Online from 26 September 2022
  • Receive Date: 18 September 2022
  • Revise Date: 25 June 2024
  • Accept Date: 26 September 2022