The Americans from IOS Partners shall prepare the draft law for payout of private pensions
The American consultancy firm IOS Partners won the tender for preparing the draft law on payout of the private pensions, a law that must be adopted by the Parliament by July, next year, according to the data provided exclusively for www.pensiileprivate.ro by the Ministry of Labor. The selected company is about to present a technical and financial proposal for the draft law which shall take, according to the contract, a maximum of 4 months. According to certain sources from the market, Mihai SEITAN, one of the designers of the private pension system from Romania, shall collaborate with the IOS Partners team on this project, as local expert.
“A selection procedure based on the consultant’s quality was organized in order to contract the consulting services required for preparing the draft law on payout of the private pensions. IOS Partners, Inc is the firm selected to present a technical and financial proposal. The discussions for finalizing the contract are now underway. The estimated duration for completing the works is 4 months”, stated the officials of the Ministry of Labor for pensiileprivate.ro. As the draft law on payout of private pension is funded by the World Bank, the company that shall prepare this draft must be certified both by the World Bank and by the Ministry of Labor.
According to the legislation, the Parliament must adopt the law on calculation and payout of the private pensions by July 2009, three years after the entry into force of the first law on private pensions, namely the voluntary pensions. It was followed by the adoption of the law on mandatory private pensions in December 2006. The law for calculation and payout of the private pensions shall regulate the payout phase for both systems: mandatory and voluntary.
IOS Partners is a global consulting firm, established in 1986 in Florida, United States. The company provided consulting services for economic and financial reforms in 60 states, within over 200 projects. IOS Partners focuses on emerging markets, such as Asia, Africa, Latin America and Eastern Europe. IOS Partners provided consulting services in Bosnia-Herzegovina (project funded by the World Bank), Bulgaria (projects funded by the World Bank and USAID), Kazakhstan, Kosovo, China and other states in the field of social security and private pensions.
Besides the head office from Florida, the company has another international office, headquartered in Chisinau, the Republic of Moldova.
