Draft Budget States Sum To Raise Private Pension Contribution Rate To 4% In 2013

11.20.2012 By Ioana Tudor

Romania’s draft state budget for 2013 states the sum needed to increase the rate of contribution to mandatory private pension funds (Pillar II) from 3.5% to 4% of employees’ gross wages, Ileana Ciutan, president of the National Public Pension House, said Tuesday.

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Keywords:
PRIVATE PENSIONS
, BUDGET