There are no talks about any kind of modification of the current functioning mechanism of the mandatory privately managed pensions Pillar II, the Financial Supervisory Authority (ASF) said Wednesday in a release sent to Agerpres. ASF has thus reacted to information occurring in the media according to which the contributions to Pillar II could climb down.
"Pensions Pillar II is strong, generating positive yield with benefits for its participants. In June 2017, the performance nominal rate of the privately managed pension funds stood at 4.91 percent. The total value of the net assets recorded at 30 June 2017 by the privately managed pension funds saw RON 36.06 billion (EUR 7.92 billion), their annual growth rate being 30.76 percent," the ASF says in the release.
According to some information published by Profit.ro, the Public Finance Ministry would like to slash to 2.5 percent, from currently 5.1 percent, the state contribution to the mandatory private pension funds (Pillar II).
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