The Ministry of Labor and Social Solidarity has not developed and initiated an approach to postponement of the contribution increase from Level II pensions, nor has it received any such project for analysis, the institution said on Friday, Agerpres reports.
“Given the public interest shown by several publications related to a possible regulatory act that would provide for the postponement of the increase in the contribution from level 2 (from 3.75% to 4.75%) until 2026, we inform you that the Ministry of Labor and Social Solidarity did not develop and initiate such an approach, and also did not receive such a project for analysis,” the relevant ministry notes.
On Thursday, Minister of Finance Marcel Bolosh said that the increase in the contribution to the second level of pensions will not be postponed.
“We will not delay the increase in the contribution to the second level of pensions. I wanted to directly touch on an important issue to put an end to any speculations and to bring clarity to the decisions made at the level of the Government. All these speculations and Rumors do not concern us, do not bring any benefit. The MoF team is carefully analyzing the various options that are presented at the level of the ruling coalition and calculates the impact that they can have. The decisions taken will be presented by the coalition. What I can assure you is that any regulatory act that will have the signature of our institution, will transparently follow all stages of development, approval and approval,” Bolosh wrote on his Facebook page.
The official’s reaction came after two organizations, the Association of Romanian Users of Financial Services (AURSF) and the Association of Private Pensions of Romania (APAPR), on Thursday asked the government not to postpone the increase from 3.75% to 4.75% contribution to the second level of pensions, referring to the information made public in the open space, which refers to the postponement of this increase until 2026.
Launched 16 years ago in Romania, Pillar II currently manages nearly €25 billion on behalf of more than eight million Romanians, with investment returns almost double inflation, according to APAPR.
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Source: Hot News
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