Abstract
This study offers a critical view of the three decades lasting tendency, from the end of 80s to the approximately to 2015, to reform the pension systems. It was based upon paying so called defined contribution and introducing private pensions pay out by the pension funds and companies.
The study put forward in the central fourth chapter the analysis of the political links of onset and decline of the pension reforms and its economic impacts in the countries of Central Eastern Europe (in Hungary, Poland; Lithuania; Latvia; Estonia, Slovakia and Czech Republic).