06.26.2019

Romania’s Lower Chamber voted on Wednesday in favor of the pensions bill proposed by the country's ruling coalition, redrafted after it was declared unconstitutional back in March. more

12.19.2018

The 7.2 million Romanians contributing to the mandatory private pension pillar known as Pillar II lost EUR300 million Wednesday as the government's planned tax measures caused stocks to plummet, more

12.19.2018

Romania’s lower chamber approved on Wednesday a new pensions bill with 193 votes for, one against and 14 abstentions. more

11.26.2018

The Romanian Senate approved on Monday a pensions bill adopted by the Government in October, following two previous failed votes due to a lack of quorum. more

10.26.2018

Romania’s public pensions system will face serious difficulties between 2027 and 2031 due to population decline, with the problem to worsen by 2050, according to a study presented on Friday by CFA more

10.17.2018

AmCham Romania, an organization consisting of 430 companies, expressed concern Wednesday over the government's recent approval of a new pension bill that would significantly raise social security more

10.16.2018

Net assets of private pension funds in Romania stood at EUR10.41 billion at the end of September, 6.2% higher than at the end of June, data from Romania's association for private pensions APAPR showed more

09.05.2018

Contributions to the mandatory private pension pillar (Pillar II) totaled RON3.83 billion (EUR822.29 million) in the first half of the year, 11.86% higher compared with the same period a year ago, a more

05.21.2018

Romania ruling party PSD leader and Lower Chamber speaker Liviu Dragnea on Monday said there are no plans within the Government or the ruling PSD – ALDE coalition to abolish Pension Pillar II. more

05.15.2018

AmCham Romania (the American Chamber of Commerce in Romania), which represents over 430 American, multinational, and Romanian companies, on Tuesday called for the preservation of Romania's current more

04.18.2018

Transferring future private pension contributions to the public pension system would damage the capital market and hurt the country's budget deficit, financial analysts warn. more

11.08.2017

Romania's government on Wednesday approved an emergency decree lowering contributions to a mandatory private pension system known as pillar II to 3.75% from 5.1%. more

10.31.2017

Romanian lawmakers on Tuesday adopted a package of amendments to the pension law which stipulates that income from independent activities, such as copyright and artistic creations, can add up to the more

10.26.2017

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10.10.2017

Romania's mandatory private pensions system known as Pillar II had annual average yields of 9.1% in the ten years since its inception and amassed assets totaling RON38 billion for its seven million more

09.07.2017

Romanian Prime Minister Mihai Tudose announced Thursday on Digi 24 that pension pillar II won't be nationalized but might become optional as of 2018. more

08.25.2017

Romania's association for private pensions has called for a meeting with Prime Minister Mihai Tudose to discuss the government's analysis of state versus private pensions, the association said in a more

08.25.2017

Romanian Prime Minister Mihai Tudose said he called for impact studies on lowering social security contributions to mandatory private pensions after the finance ministry said state pensions have more

08.04.2017

Romania's government on Friday adopted an emergency decree amending the law on special pensions, which can no longer be higher than the average wages on which they are based. more

06.29.2017

Romania's proposed finance minister Ionut Misa said Thursday the government will eliminate the mandatory private pension system known as Pillar II. The prime minister later denied any such plans. more

04.03.2017

Assets managed by private pension funds in Romania rose 27.16% on the year to RON32.99 billion (EUR7.26 billion) at the end of December 2016, according to data released Monday by financial regulator more

12.09.2015

The Romanian Government on Wednesday decided to push back to 2017 the deadline by which contributions to the mandatory private pension system (Pillar II) will be increased to a maximum ceiling of 6%. more

11.17.2015

Assets managed by private pension funds in Romania rose nearly 30% on the year to RON24.27 billion (EUR5.5 billion) in the first nine months of 2015, and account for 3.46% of Romania's gross domestic more

01.19.2015

Private pension funds in Romania are seen reaching RON26.3 billion in assets at the end of this year, of which RON25 billion on the mandatory segment (Pillar II), Raluca Tintoiu, head of the local more

01.07.2015

Voluntary private pension funds (Pillar III) had an average yield of 7.45% last year, from 11.33% in 2013, and total net assets of RON1.04 billion (EUR232 million) in December 2014, 28% higher than in more