PRIVATE PENSIONS
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AmCham Romania Urges Preservation of Current Private Pension System
AmCham Romania (the American Chamber of Commerce in Romania), which represents over 430 American, multinational, and Romanian companies, on Tuesday called for the preservation of Romania's c...
Analysts Warn Dismantling Private Pension System Would Damage Capital Market
Transferring future private pension contributions to the public pension system would damage the capital market and hurt the country's budget deficit, financial analysts warn.
Romanian Government Lowers Private Pension Contributions
Romania's government on Wednesday approved an emergency decree lowering contributions to a mandatory private pension system known as pillar II to 3.75% from 5.1%.
PM Says Pension Pillar II Might Become Optional
Romanian Prime Minister Mihai Tudose announced Thursday on Digi 24 that pension pillar II won't be nationalized but might become optional as of 2018.
Romanian Private Pension Fund Association Calls For Meeting With PM
Romania's association for private pensions has called for a meeting with Prime Minister Mihai Tudose to discuss the government's analysis of state versus private pensions, the association sa...
Private Pension Assets Up 27% In 2016, To RON32.99B
Assets managed by private pension funds in Romania rose 27.16% on the year to RON32.99 billion (EUR7.26 billion) at the end of December 2016, according to data released Monday by financial r...
Government Extends Deadline For Increase In Mandatory Private Pension Contributions Until 2017
The Romanian Government on Wednesday decided to push back to 2017 the deadline by which contributions to the mandatory private pension system (Pillar II) will be increased to a maximum ceili...
Private Pension Assets Up 30% In January-September, To EUR5.5B
Assets managed by private pension funds in Romania rose nearly 30% on the year to RON24.27 billion (EUR5.5 billion) in the first nine months of 2015, and account for 3.46% of Romania's gross...
Private Pension Funds Seen Topping RON26B In Assets This Year
Private pension funds in Romania are seen reaching RON26.3 billion in assets at the end of this year, of which RON25 billion on the mandatory segment (Pillar II), Raluca Tintoiu, head of the...