PENSION
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Firms Could Reduce Costs If They Offered Employees Private Pension Instead Of Bonuses
Companies could reduce staff expenses by 1.4% and raise profit by up to 7% if they offered employees voluntary private pension instead of bonuses or wage increases, according to the Romanian...
Boc: Lower House Will Re-Read Bill On Pension Health Insurance Contributions
Romania's ruling coalition still supports requiring health insurance contributions from pensions higher than 740 lei (EUR174) and the ordinance introducing this measure will be sent back to...
Stock Falls Wipe Out Tens Of Million Euros From Unit-Linked And Private Pension Accounts
Private pension funds and insurers’ unit-linked schemes have felt the full blow of capital markets’ decline in the past month, as millions of euros vanished from clients’ accounts.
Mandatory Private Pension Funds' Deposits Climb To EUR86M In May
Bank deposits of mandatory private pension funds (Pillar II) went up 61% in the last two months, to 367 million lei (EUR86 million) at the end of May, with fund managers preferring to place...
Private Pension Guarantee Fund Might Be Running By End-Year
Romania's private pension system guarantee fund might become operational by the end of the year, if the Chamber of Deputies adopts the relevant bill during the current parliamentary session,...