The private pensions system's Guarantee Fund to reach the Parliament in less than 4 months
ROMANIA. President Traian BASESCU recently promulgated a law bringing
some improvements to the Romanian private pensions system architecture,
which makes it mandatory for the draft law on the Guarantee Fund for
the private pensions system to reach the MP's tables in less than 4
months.
Romania's Guarantee Fund for the private pensions system is based on the model already adopted in the Romanian banking system.
Pension fund management companies will contribute to the fund according to the size of the assets they manage, but their contributions will be paid out of their own money, not the funds'.
