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.