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The pension system is of particular importance because they are closely related to life quality and standards (during both, working years and retirement). Another importance issue related to this system in the broader context is the fact that it often becomes significant cost to the government budget especially in the countries that apply the public pension system. Albania has more than 20 years that has passed from a centralized system to free market economy. This transition has brought challenges and obstacles for systems consisting in decision making and implementation of various reforms...