Abstract: The actuality of the subject is explained by the fact that in Romania, pensions are the main form of social insurance. The public pension system is based on the principle of solidarity between the generations, and the people who are in activity pay monthly social contributions, the state in turn paying the pensions of those who have left the activity through a redistribution mechanism. The role of the pension system is to transfer resources from the currently active generation to the retired generation. The aim of the research is to identify the benefits of the public pension system in Romania. The main research methods applied to the elaboration of the article are induction, deduction, analysis, synthesis, documentation and observation. As a result of the research, we consider necessary to develop a medium and long term strategy on pension insurance system, the existence of a computerized record in the pension system and the establishment of a system of monitoring, analysis and policies in the field of pensions.

Key words: pension system; types of pensions; contribution; social security

         JEL code: H55