Labour minister: pension pillar II will become optional

Anca Alexe 11/06/2018 | 08:06

Labour minister Lia Olguta Vasilescu said on Sunday that private pension pillar II will become optional, and that she will present the advantages and disadvantages of contributing to Pillar II later this summer.

“We’ve decided what we want to do with pension Pillar II, and it’s what we’ve been saying since last year: it should be optional. This option is set in stone,” said the minister.

Vasilescu said that she was surprised to find out she had been a contributor to Pillar II over the last 10 years, since she did not receive any information about the funds she had saved. “I was absolutely convinced that I’m not a contributor, since I didn’t get any envelopes sent to my home, as the law says private funds must inform the contributors how much they have saved for Pillar II,” she added.


BR Magazine | Latest Issue

Download PDF or read online: September 2022 Issue | Business Review Magazine

The September 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Transilvania Investments paves its way to a sustainable
Anca Alexe | 21/09/2022 | 14:17

You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

I agree with the Privacy policy of
I agree with the storage and handling of my data by

Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue