PRIVATE PENSIONS
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Pension Pillar II Assets Grow 18.4% YoY in April, to RON61.87B
Assets managed by mandatory private pension funds (Pillar II) in Romania stood at RON61.87 billion at the end of April, up 18.4% compared with April 2019 and up 192.46% compared with five ye...
Financial Watchdog Assures Private Pensions Are Safe Despite Market Turbulence
Romanian's private pension contributions are safe as the system is built for the long run, with 30-40 years of saving and balanced and cautious investment plans, which shields it from short-...
Pillar II Pension Funds Post Average Yield of 11.8% in 2019
Mandatory private pension funds in Romania (Pillar II) had an average yield of 11.8% in 2019, the highest in the past nine years, the Romanian association for private pensions APAPR said in...
Finance Minister Pledges to Raise Private Pension Contributions to 6% in 2021
Romania's government will raise contributions to mandatory private pensions (Pillar II) to reach 6% of contributors' gross wage from the current share of 3.75%, finance minister Florin Citu...
Private Pension Funds in Romania Had Assets of RON61.53B End-September
The assets managed by private pension funds (Pillar II and Pillar III) reached RON61.53 billion (EUR12.95 billion) after the first nine months of 2019, up 24.04% compared with end-2018, data...
Romania Private Pension Funds Had Assets of RON57.43B in 1H/2019
The assets managed by private pension funds (Pillar II and Pillar III) reached RON57.43 billion (EUR12.13 billion) in the first half of 2019, from RON45.6 billion in the first half of 2018,...
Romanian Private Pension System Evolved Well in 1Q/2019, Says Watchdog VP
The Romanian private pension system had 7.79 million contributors and managed assets totaling RON53.21 billion at the end of the first quarter of 2019, said Dan Armeanu, vice-president of th...
Pension Pillar II Contributors Lost EUR330M On Stock Price Decline
The 7.2 million Romanians contributing to the mandatory private pension pillar known as Pillar II lost EUR300 million Wednesday as the government's planned tax measures caused stocks to plum...
Mandatory Private Pension Contributions Grow 11.86% in 1H, to RON3.83B
Contributions to the mandatory private pension pillar (Pillar II) totaled RON3.83 billion (EUR822.29 million) in the first half of the year, 11.86% higher compared with the same period a yea...