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Bucharest
March 4, 2021
BUSINESS

Contribution to the mandatory private pensions – minimum 2.5 pc

The contribution to the mandatory private pensions shall be, starting by 2010, minimum 2.5 per cent, according to the Chair of the Board of the Commission responsible for Monitoring the Private Pension System (CSSPP) Mircea Oancea. Oancea made the statement on Tuesday in the first edition of the Forum for Pensions, Agerpres informs.

Oancea explained that “This schedule to raise contributions up to 6 per cent, within 8 years, will be observed. Currently, I cannot tell whether we have a contribution of 3 per cent next year, but it will definitely be minimum 2.5 per cent, so that, until 2016, the level of the individual contributions for each participant, within the second pension pillar and in the mandatory one, becomes 6 per cent.”

He specified that this 2.5 per cent minimum level for 2010 was a recommendation from IMF following the talks on the loan.

CSSPP Chair added that “the freezing” of the contribution in 2009 to the pension fund is to be retrieved in one year of economic growth, but this retrieval shall not be in 2010.

The administrators authorized in the market of mandatory private pensions (Pillar II) will have the option to manage several funds, with various risk degrees, depending on the client’s investment profile, for the conservation of the personal asset, Oancea said.

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