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Govt. promises to keep alive mandatory private pension funds

"We are not planning to dismantle the pension system’s 2nd Pillar, and even if we were, this is not possible," Romania's labor minister Marius Budai stressed in a press conference on February 20. On the contrary, he added, transfers to the seven privately-managed pension funds will increase to RON 8.65 billion (EUR 1.84 billion) in 2019, compared to only RON 7.71 billion in 2018, ...

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