MATEC Web Conf.
Volume 342, 20219th edition of the International Multidisciplinary Symposium “UNIVERSITARIA SIMPRO 2021”: Quality and Innovation in Education, Research and Industry – the Success Triangle for a Sustainable Economic, Social and Environmental Development”
|Number of page(s)||11|
|Section||Recent Trends in Business, Economics, Law and Public Administration|
|Published online||20 July 2021|
Pension rights of Valea Jiului mining companies’ clerks through the privately administered pension house
University of Petroşani, Faculty of Sciences, Department of Economic Sciences, University Street 20, Petroşani, Romania
* Corresponding author: OanaBaron@upet.ro
Since their founding at the end of the XIXth century, the mining companies that have extracted coal in the Jiu Valley have tried to guarantee, though a private system of social security, pension rights for all of its employees, workers as well as clerks. This private system of social security would perpetuate itself, in the case of clerks working for Valea Jiului mining companies, though the interwar years up to the instauration of the Communist regime, when another pension scheme was established for those employees in the workforce. In this study we will seek to uncover the way in which these mining companies’ clerks’ Pension Houses were constituted and functioned after the First World War. They would operate on the basis of their own rules/statutes, would be under the leadership of a Committee chosen among the members of the Pension House, but also under the supervision of the Administrative Council of the mining company. Due to the levies placed upon their members, subsidies given by the mining companies, and other income, the Pension Houses managed throughout the entire period in question to guarantee honorable pensions for their members, and also for their widows and descendants.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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