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Mircea OANCEA: we need speed up contributions enlargement in spite of crossing tough times

"Ideal would be for the whole individual employee contribution to the social insurance budget (10.5% of the income) to go to private administration; not quite easy and there are important budgetary costs. We wish for a financing solution to be found, at a governmental level, in a long term respected program", stated Mircea OANCEA, President of the Private Pensions Supervisory Commission, in the opening of XPRIMM Annual Forecast Meeting - Private Pensions.

For the time being, the commission is hoping for the contribution's calendar to be taken into more consideration and to no longer deal with reduction attempts or any other measure proposals for that matter that might affect the well functioning of Pillar II. "Sadly, recent experiences of certain reference markets in the region, such as Poland and Hungary, are most worrisome and also revealing that the political risk is a permanent background", added Mircea OANCEA.


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