The Romanian government’s Legislative Program for 2018 includes, among other priorities, a draft act on the functionality of the second (private) pension pillar. This document reveals a plan to suspend the transfer of part of pension contributions from all employees to the private administered investment funds, between July 1st and December 31st of this year.
Also, according to the document quoted by Mediafax, the social contribution (CAS) will be collected fully to the national budget. Currently, 3.7 percent of the contributions collected from employees are transferred to the second pension pillar.
The changes come after social contributions were transferred entirely to the employee at the beginning of this year.