In recent years, the concept of sustainable development has gained significant importance, presenting new challenges for researchers and policymakers in fostering the conditions necessary for the stable development of a multi-pillar pension system (MPPS). Ensuring sustainable long-term income for participants is essential, as a stable pension system (PS) greatly influences a country?s economic and social well-being. However, many EU countries, including Lithuania, are facing demographic and economic pressures that threaten public finances and pension fund (PF) management. Recent academic studies highlight the need to analyze and improve PS. This raises an important scientific and practical question: how can the stability of Lithuania’s MPPS be comprehensively assessed in an uncertain environment, and what decisions can ensure the sustainability of income and benefits in each pension pillar over the long term? Thus, this project aims to develop a decision-making framework (DMF) to assess and ensure the stability of Lithuania’s MPPS in an uncertain environment. To achieve this, individual stability assessment models will be created for each pension pillar, and these will be integrated into a comprehensive decision-making framework (DMF). This framework will be tested for the Lithuanian MPPS, following a developed methodology. Based on the testing results, a methodology for the practical application of the SPS will be established. This will enable the government, PS participants, and PF managers to make informed decisions that contribute to the long-term stability of Lithuania?s MPPS. The research results will contribute to the advancement of the fields of economics and mathematics, enhance economic and social welfare, and increase public trust in the PS. Collaborations with SODRA, the Bank of Lithuania, and researchers from Slovakia and Italy will ensure that the recommendations are based on interdisciplinary research and enriched with international insights.
Project funding:
Research Council of Lithuania, Projects carried out by researchers’ teams
Period of project implementation: 2025-11-03 - 2028-10-31
Project coordinator: Kaunas University of Technology
