The Private Pensions Supervisory Commission (CSSPP), an organism included, as of this year, within the Financial Supervisory Authority (ASF) had a deficit exceeding EUR 1 M, which however did not stop its managers from granting premiums, holiday bonuses, even marriage bonuses to their employees. The expenses were illegal, reveals a report issued by the Court of Audits, quoted by Adevarul. According to the document, the total payments made by CSSPP in 2012 amounted to RON 16.5 M (EUR 3.7 M). Of this sum, as much as 79 pc was represented by personnel expenses. CSSPP, led by the former Labour minister Marian Sarbu until April 2013, paid wages, premiums and bonuses exceeding RON 13 M (approximately EUR 3 M). At the end of 2012, the Commission reported a deficit of RON 5.1 M (EUR 1.15 M). In order to balance the budget of incomes and expenditures, the Board of CSSPP resorted to the surplus registered during previous years. Employees were paid under a regulation with no legal value.
Payments made as “personnel expenses” were based only on the Regulation for the payment of CSSPP personnel, approved by the Board of the Commission, which was never published by the Official Gazette. Following a verification, the Court of Audits estimated errors or infringements up to the total value of RON 1.78 M (over EUR 400,000), representing gift vouchers, premiums, holiday and marriage vouchers.
The Court of Audits also informed that the former economic director of the institution, although her mandate had ended at the end of 2012, still received RON 16,000 as holiday premiums and bonuses. The money received illegally was returned precisely during the Court verification. The acting chiefs of CSSPP contested the control report, on grounds that the legal regulations invoked by auditors do not operate in their case. ASF spokesman Radu Soviani said that “CSSPP objected, in legal terms, to the audit report, but these objections were not retained in the decision issued by the Court of Audits of Romania.”