The measure is included in the National Recovery and Resilience Plan which sets March 31, 2022 as the deadline for adoption. It is also included in the 2021-2024 governing program.
Social/Politics
Romania To Raise Private Pension Contributions To 4.75% Starting Jan 1, 2024
Romania will raise contributions to mandatory private pension funds (Pillar II) to reach 4.75% of contributors' gross wage from the current share of 3.75%, starting January 1, 2024, the government decided in its Wednesday's meeting.