private pensions

Pillar II Pension Funds Post Average Yield of 11.8% in 2019

12:00, 16 Ian. 2020
Mandatory private pension funds in Romania (Pillar II) had an average yield of 11.8% in 2019, the highest in the past nine years, the Romanian association for private pensions APAPR said in a statement Thursday.

Romanian Private Pension System Evolved Well in 1Q/2019, Says Watchdog VP

12:53, 15 Iul. 2019
The Romanian private pension system had 7.79 million contributors and managed assets totaling RON53.21 billion at the end of the first quarter of 2019, said Dan Armeanu, vice-president of the financial supervision authority overseeing the private pension system.

Half Of Romanian Mandatory Private Pension Fund Contributors Amassed RON500 Since ‘08

13:48, 03 Mart. 2011
About half of Romanian contributors to mandatory private pension funds (Pillar II) have amassed less than 500 lei (EUR1=RON4.2016) in their pension accounts since May 2008 when the system was launched, Mircea Oancea, head of the country’s private pension regulator CSSPP, said Thursday.

Romanian Pvt Pension Fund Assets Seen Up 60% This Year, To Over EUR1.6B

12:16, 03 Mart. 2011
Assets of private pension funds in Romania could top EUR1.6 billion this year, 60% more than in 2010, Mircea Oancea, head of the country’s private pension regulator CSSPP, said Thursday.

Romanian Employers Could Lower Staff Costs By Offering Voluntary Pvt Pensions As Benefits

14:03, 19 Ian. 2011
Offering employees benefits in the form of voluntary private pensions (Pillar III) can reduce an employer’s total staff expenses by 1.1% and increase a company’s profit by 4%-5%, according to calculations of the Association for Private Pensions in Romania (APAPR).

Romania Keeps Pvt Pension Contribution At 2.5% Till Yearend, Raises It At 3% In 2011

11:32, 25 Iun. 2010
Romanians’ contributions to the mandatory private pension system (Pillar II) will b kept at 2.5% of their gross wage until the end of the year and will rise to 3% in 2011, Cornelia Coman, vice-president of the country’s association for private pensions APAPR, said Friday.

Romania’s Pvt Pensions Contributors Stand To Lose EUR1B By 2017 – Assoc

13:35, 28 Mai 2010
Romanian mandatory private pension contributors have lost EUR200 million since 2009 and will lose EUR1 billion by 2017 because the country has not adhered to the Pillar II contribution increase schedule, says a press release issued Friday by the Romanian Pension Funds' Association, or APAPR.

Romanian Ctrl Bker Warns Govt Plan Will Delay Switch To Private Pension System

13:17, 19 Mai 2010
Lowering Romanians’ contributions to mandatory private pension funds will slow down even more the country’s efforts to switch to a private pension system from a public one, said Wednesday Lucian Croitoru, adviser to the central bank governor.

Romanians’ Pvt Pension Contributions Increased To 2.5% As Of Feb – Pension House Head

13:56, 02 Mart. 2010
Romanians’ contributions to mandatory private pensions will grow by 0.5% as of February to reach 2.5%, National Pension House (CNPAS) president Doina Parcalabu said Tuesday.

Romanian State Pensions, A Ticking Time Bomb – Pvt Pension Association

15:36, 23 Sept. 2009
Contributions to Romania’s mandatory private pension system (Pillar II) should be at 3% of the gross wage in 2010, as set in the initial calendar, because the state pension system is “a ticking time bomb”, said Wednesday, Crinu Andanut, head of the Association for Private Pensions in Romania.

Romanians’ Contributions To Mandatory Pvt Pensions Should Be Sped Up, Not Blocked – Assoc

12:50, 26 Feb. 2009
Romania’s mandatory private pension system (Pillar II) has all the elements to benefit participants and contributions shouldn’t be “cut” but sped up, to ensure decent private pensions, said Thursday Mihai Bobocea, secretary general of Romania’s Association for Private Pensions.

Romanian Govt Says Pvt Pension Contribution Freeze In ’09 Is Temporary, Needed To Cover Deficit

12:52, 13 Feb. 2009
The Romanian government justified the keeping of contributions to mandatory private pensions at 2% this year by the need to control the deficit of the public pension system, adding the measure is temporary.

Keeping Contribution To Romanian Pvt Pension Funds At 2% In ‘09 Lowers Contributions By EUR80M

12:57, 01 Feb. 2009
Keeping contributions to the Romanian mandatory private pension system at 2% of contributors’ gross income this year will lower by over EUR80 million the sum that should have been transferred to the accounts of over 4 million private pension fund contributors.

Civil Society Organizations Propose Minimum Guaranteed Yield For Prv Pensions

11:59, 09 Ian. 2008
Several organizations of the civil society proposed, in an open letter to authorities including the president, prime minister and the central bank governor, the introduction of a minimum guaranteed annual yield for mandatory private pensions, equal to annual inflation.