Pension funds
Unique real-world data shows early retirement hastens cognitive decline
The novel research focused on government health data from a pension program introduced in China in 2009
Deputy PM Barna: New pension law in the works to correlate retirement age with life expectancy
Deputy Prime Minister and USR PLUS Co-chairman Dan Barna said that a new pension law is in the works at the Labor Ministry, as the system requires certain changes in order to remain "sustainable" and cope with enhanced pressure as Romania's baby-boom generation born between the mid-60s and the early '70s is heading towards retirement age. "It is a firm commitment of the current coalition.
Pillar II pension funds' 2020 average rate of return at 6.19 pct, threefold inflation rate
Mandatory privately-managed pension funds (Pillar II) achieved in 2020 an average rate of return of 6.19 percent, three times higher than last year's inflation rate, president of the Association of Romania's Privately-managed Pension Funds (APAPR) Radu Craciun said on Monday.
Assets of privately managed mandatory pension funds at roughly 73.145 bln lei as of end November
Assets of mandatory privately managed pension funds amounted to over 73.145 billion lei as of November 27, 2020, up 20 percent YoY, shows data of the Financial Supervisory Authority (ASF). Government securities account for the largest share in assets with 49.73 billion lei (68 pct), followed by stocks with 15.158 billion lei (20.72 pct) and corporate bonds with 2.98 billion lei (4.07 pct).
Mandatory private pension funds report June 2019 assets of over 55.15 billion lei, up 26.12pct
Romania's mandatory private pension funds had assets of over 55.15 billion lei on 30 June 2019, up 26.12 percent against the level recorded in the similar month of last year, according to data with the Financial Oversight Authority (ASF). Government bonds made up the largest share of the assets, namely 32.24 billion lei and a 58.46 percent share.
Mid-year assets of voluntary pension schemes at over 2.27 bln lei
Assets held by voluntary pension schemes amounted to over 2.27 billion lei as of June 30, 2019, up 20.34 percent YoY, according to data provided by the Financial Supervisory Authority (ASF).
Mandatory private pension funds had assets worth 53.41 billion lei in May, up 24.18 pct
The mandatory private pension funds had assets worth more than 53.41 billion lei, on May 31, 2019, up 24.18 per cent against the same month a year before, according to data provided by the Financial Supervisory Authority (ASF). Government bonds hold the highest share among these assets, of 31.58 billion lei, 59.14 per cent respectively.
Mandatory private pension funds' assets worth 52.26 bln in April, up 21.42pct
Mandatory private pension funds in Romania had assets worth over 52.26 billion lei on 30 April 2019, up 21.42 percent from the same level of the previous year, according to the Financial Oversight Authority (ASF) data. Government securities made up the largest share of the assets, of 30.06 billion lei, respectively 57.52 percent. Shares came in second, at 9.96 billion lei (19.07 percent).
FinMin Teodorovici: Gv't decides new way of calculating minimum share capital of private pension funds
The Government has decided a new way of calculating the minimum share capital of private pension funds, Minister of Public Finance Eugen Teodorovici announced on Thursday.
Mandatory private pension funds register over 48 billion lei assets in January, increasing 17.1pct
The mandatory private pension funds had assets worth over 48 billion lei on 31 January 2019, increasing 17.1 percent from the level in the similar month of the previous year, according to the Financial Supervisory Authority (ASF). Securities hold the largest share within the assets, worth 30.37 billion lei, namely 63.2 percent.