Dragnea’s statement came after the release of the 2018 Legislative Program, which announced a draft law that would suspend the contributions to Pillar II between July 1 and December 31, 2018. In Romania, Pillar I of the pension system is the compulsory public pension system, while Pillar II is the obligatory pension system which is privately managed. Pillar III is the optional privately managed system.
The social democrat leader said that the Labor Ministry will complete in the upcoming period a financial analysis that would show citizens what pensions they will have both in Pillar I and Pillar II and that Romanians will be able to choose where to direct their pension contributions.
Dragnea also said the suspension of contributions is not excluded if the analysis will demonstrate the need for such a measure, but added that such a decision will be taken after discussions with the administrators of the pension funds in Pillar II.