The aim of the course is to teach students fundamentals on organizational, financial and regulatory aspects of various forms of private and public pension schemes and make them understand how they are conditioned by historical, economic, technological, demographic and socio-political conditions. Students will learn to identify the main problems and risks within a particular type of pension schemes, as well as within a pension system as a whole. They will be able to evaluate the potential effects of the reform solutions, regarding the social aim and the evaluation criteria (pension adequacy and affordability, system’s sustainability, fairness and predictability).