Government spokesperson Dan Suciu said the contribution will be raised by 0.1 percentage points (pps) in 2016 and by another 0.9 points in 2017.
The measures were approved through an emergency ordinance regarding the salary system of staff paid from public funds in 2016, the prorogation of certain terms, as well as certain fiscal- budget measures.
Contributions to Pillar II will reach 5.1% in 2016 based on an increase of only 0.1 points, compared to an advance of 0.5 points, as stipulated in the calendar included in the specific law. The budget impact of the increase in contribution by 0.1 points amounts to RON400 million. Had the calendar been observed, with an increase of 0.5 points, the budget impact would have reached RON2 billion.
Finance Minister Anca Dragu said last week that the 2016 state budget does not allow for a bigger increase in contributions.