Pension

KPMG: Pensioner-to-worker ratio at 1.74 in 2050, private pension a must due to falling old-age support rate

Romania's pensioner-to-worker ratio will reach 1.74 in 2050, in a surge from 0.3 in 1990, shows a KPMG survey presented on Thursday at a press conference by Tudor Grecu, KPMG audit & assurance partner.

Deputy PM Stanescu: Pension Pillar II must be optional

Deputy Prime Minister Paul Stanescu considers Private Pensions Pillar II must be optional and the Gov't must explain which are the advantages of this fund, if pensions are higher or lower following contributions to it.

Stanescu reaffirmed that there hasn't been any discussion in the Social Democratic Party (PSD) about suspending Pension Pillar II.

RBL: Pillar II retirement account savings trimmed 12.9 pct for 7 ml contributors because of calendar non-observance

Seven million Romanian contributors have 12.9 percent less in their retirement saving accounts because of the non-observance of the Pillar II contributions increase calendar, which resulted in the loss of both the money promised under law and of the money multiplication effect, argue Romanian Business Leaders (RBL) representatives.

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