PRIVATE PENSIONS
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Former Labor Minister Seitan To Head Romania's Private Pension Guarantee Fund
Romania’s private pension system regulator CSSPP has appointed former labor minister Mihai Seitan to head the private pension guarantee fund for the next four years.
Private Pension Assets To Be Transferred To Conservative Funds 10 Years Before Retirement
Private pension contributions amassed in pension funds on Pillar II (mandatory private pensions) will be transferred to funds with low-risk investments 10 years before the contributor retire...
Private Pension Guarantee Fund To Have Initial Budget Of EUR500,000 - Watchdog
The initial contribution to the Romanian private pension guarantee fund will amount to about EUR500,000 and will be paid by private pension fund administrators and pension providers by May 1...
Private Pension Guarantee Fund To Operate Starting 2012
The Romanian private pension guarantee fund will operate starting the first half of 2012, private pension system regulator CSSPP said in a press release Tuesday.
Romania To Raise Pvt Pension Contribution To 3.5% In 2012
Contributions to mandatory private pensions (Pillar II) will increase to 3.5% of the gross wage in 2012, from 3%, according to the draft state budget, said Tuesday Andreea Paul Vass, adviser...
Private Pension Funds' Net Assets Up 2.2% In September, To RON6.2B
The net assets of Romania’s mandatory private pension funds (Pillar II) and voluntary pension funds (Pillar III) reached 6.2 billion lei (about EUR1.4 billion) at the end of September, up 2....
CSSPP: Romanian Private Pension Funds Do Not Have Exposure To Greek Issuers
Romanian mandatory and voluntary private pension funds (Pillar II and III) do not have direct exposure to any investment instrument issued by institutions in Greece, said Mircea Oancea, pres...
Private Pension Guarantee Fund To Operate Starting 2012
The Romanian Chamber of Deputies on Tuesday adopted a bill which sets up the private pension guarantee fund, which will operate starting the first half of 2012, the Association for Private P...
Private Pension Might Be Paid As Life Annuity, Or Fixed Sum On Determined Period
Contributors to the Romanian private pension funds will be able to choose between receiving pension as a life annuity or as a fixed sum paid during a determined period, according to a draft...