PENSIONS
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Private Pension Funds Functioning Tax Up 50% As Of January 2013
The functioning tax paid by the managers of Romania’s mandatory (Pillar II) private pension funds will increase by over 50% as of January 1, according to a decision recently approved by Roma...
ING Pensii CEO Named Head Of Romanian Private Pension Association APAPR
ING Pensii CEO Marius Popescu has taken over the chair of the Association of Romanian Privately Administered Pensions (APAPR), after former chairwoman Cornelia Coman was appointed head of IN...
Healthcare Budget To Lose RON1B Yearly By Eliminating Part Of Pension Contributions
Romania's social health insurance fund will be out more than 760 million lei (EUR172 million) this year, as a share of contributions from pensions over RON740 will no longer be charged, and...
Basescu Wants Pension, Social Security Deficits Unchanged Amid Wage Raise Plans
Keeping social security fund and pension deficits at their current levels is crucial for the upcoming period, Romanian President Traian Basescu said Sunday in a meeting with International Mo...
Private Pension Administrators To Report On Investments To Regulator Every Week
Romanian private pension fund administrators will be required to send a detailed report on their investments to regulator CSSPP every week, in accordance with two bills that amend current ru...
INS: Pensioner Numbers Down 86,000 In 2011, Average Monthly Pension Up 5.2% Vs 2010
The average number of pensioners in Romania stood at 5,589,000 in 2011 down 86,000 on the year, and the average monthly pension amounted to 753 lei (EUR172), up 5.2%, the statistics institut...
MPs In Hurry To Appoint Heads Of Financial Market Regulators
Political parties on Monday in an unexpected move decided to appoint their candidates to the helm of the institutions that supervise the capital market (CNVM) and private pensions (CSSPP), a...
Romania Registered 5.5 Mln Pensioners In 4Q
The average number of pensioners in Romania stood at 5.555 million in the last quarter of 2011 and the average monthly pension amounted to 760 lei (EUR174.2), up 5.4% compared with the same...
Ialomitianu: Decision To Hike Public Wages, Pensions Also Depends On Companies’ Profit
Romanian Finance Minister Gheorghe Ialomitianu said Friday a decision on increasing public wages and pensions will depend not only on the evolution of state budget revenues, but also on comp...