10.17.2011

The net assets of Romania’s mandatory private pension funds (Pillar II) and voluntary pension funds (Pillar III) reached 6.2 billion lei (about EUR1.4 billion) at the end of September, up 2.2% from more

10.17.2011

Romanian mandatory and voluntary private pension funds (Pillar II and III) do not have direct exposure to any investment instrument issued by institutions in Greece, said Mircea Oancea, president of more

10.16.2011

A group of Romanian lawmakers have submitted three bills that would let unions and employers’ associations manage national pension, unemployment, and social security funds. more

10.16.2011

Romanian Prime Minister Emil Boc said Saturday at a party meeting the Government has not included any plans to tax pensions in its draft state budget for next year, denying recent media allegations. more

09.27.2011

The Romanian Chamber of Deputies on Tuesday adopted a bill which sets up the private pension guarantee fund, which will operate starting the first half of 2012, the Association for Private Pensions in more

09.26.2011

Contributors to the Romanian private pension funds will be able to choose between receiving pension as a life annuity or as a fixed sum paid during a determined period, according to a draft law put more

09.18.2011

Romania cannot adjust pensions when it has a public pension deficit of EUR3.6 billion, Romanian President Traian Basescu told private television ProTV. more

09.07.2011

The committee for labor matters in Romania’s Chamber of Deputies on Wednesday voted down a Government ordinance that introduced a 5.5% health insurance contribution for pensioners with 740 – 1,000 more

09.06.2011

Romanian Labor Minister Sebastian Lazaroiu said Tuesday that, although the Government has approved raising pensions according to inflation and 50% of the raise in gross wages in 2012, 2013 and 2014, more

08.19.2011

The net assets of Romania’s mandatory private pension funds (Pillar II) and voluntary pension funds (Pillar III) hit 5.94 billion lei (about EUR1.4 billion) at the end of July, up 3.2% from June 30, more

08.11.2011

The much-talked about pension reform is adding EUR1 billion to the pension fund gap. While last year, during discussions about the new pension law, officials maintained reform would mean adding more

08.10.2011

Romania's Government will block certain pension raises, which would have taken effect next year, until 2014, arguing that the lack of a "sustainable framework" for the pension law's more

08.02.2011

Romanian pensioners support the "solidarity basket" program recently approved by the Government and consider that pensions should also be adjusted for inflation starting September 1. more

07.26.2011

Romanian pension fund administrator Aviva Pensii will take over voluntary pension fund Pensia Mea from Aviva Asigurari de Viata, after the Private Pension System Supervision Commission (CSSPP) gave more

07.26.2011

Romanian pension fund administrator Generali Pensii will take over the voluntary pension fund OTP Strateg from Onix Asigurari (formerly OTP Asigurari), after the Private Pension System Supervision more

07.18.2011

The net assets held by Romanian private pension funds increased 58% in the first half of the year compared to the same period of 2010, and by 23.5% compared to the end of 2010, to 5.76 billion lei more

07.15.2011

Romanian President Traian Basescu on Friday passed the law approving Government decree 1/2011 on recalculating military pensions, the Presidential Administration said in a press release. more

06.28.2011

The share of mandatory private pension accounts with no pension contributions transferred since May 2008 decreased by 1.59 percentage points last year to 5.49%, according to data included in the more

06.28.2011

Romania’s private pension regulator CSSPP posted a net loss of 5.81 million lei (EUR1.38 million) for 2010, 19.1% wider than losses posted in 2009, according to the institution’s annual report, more

06.22.2011

Romanian opposition social democrats on Wednesday submitted a contestation with the Chamber of Deputies’ Standing Office calling for a new vote on the bill recalculating military pensions, said more

06.21.2011

The Romanian Chamber of Deputies on Tuesday adopted with 168 to 116 votes and seven abstentions a bill approving a Government emergency ordinance on recalculating military pensions. more

06.09.2011

The Romanian Defense Ministry completed the process recalculating the pensions of military staff on June 1, Defense Minister Gabriel Oprea said Thursday. more

05.26.2011

Romanian pensioners receiving at least 740 lei (EUR179) will have to pay social health insurance contributions next year as well, Prime Minister Emil Boc said Thursday on Realitatea TV. more

05.23.2011

The returns for the over five million contributors to Romania's mandatory private pension funds amount to 756.8 million lei (EUR183.4 million), according to pension fund association APAPR. more

05.20.2011

The number of invalidity pensions newly registered in Romania dropped 53.9% on the year after new legislation was enacted, in July 2010, acting Labor Minister Emil Boc said Friday. more