USR Senator Cristi Berea, who initiated the draft law, argues that the initiative will ease the long-term burden on the state regarding the pension system.
The USR proposal for the Second Pillar of Pensions suggests a progressive increase in contributions to up to 10%. “This way, there will be no economic shock in this transition, and it will naturally be integrated into the national pension scheme,” according to the USR statement.
The project’s initiator further specifies that, in the long run, the measure will also alleviate the state’s burden regarding the pension system.
“The pension system in the second pillar should be seen as an investment, with a significant positive impact on the income level of the retired population, ensuring a decent life. At the same time, in the long term, the measure will also ease the burden on the state, which will have to take care of an increasingly older population,” explained Cristi Berea.
Senator Berea also explained that if the money collected through the Second Pillar of Pensions had been kept “under the mattress” or in bank deposits, their value would have been “incomparably smaller.”
“The net assets managed by the private pension fund Second Pillar II in Romania currently represent only 6.8% of the GDP estimated for the year 2023, compared to an average of about 67% of the GDP in OECD member states (2021 statistics, the most recent available), which means that the Second Pillar II in Romania is ten times less developed than similar systems in OECD member countries. Furthermore, the European Commission has emphasized the importance of pension systems being both adequate and sustainable,” as stated in the USR press release.
The draft law initiated by USR Senator is registered, in normal procedure, in the Senate, the first notified body, and the decision-making body is the Chamber of Deputies.
TAGS: Pensiuni; Investitii; Sistemul de Pensii
