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Pillar II pensions to have increasingly higher share in total pension expenditure

Pillar II pensions will have an increasingly higher share in the total pension expenditure in 2030, to reach 1 percent of the Gross Domestic Product (GDP) in 2070, according to the Convergence Programme 2018-2021 of the Romanian Government released on Friday by the Ministry of Public Finance (MFP)."Pillar II pensions will have an increasingly more significant weight in the total pension expenditure, reaching a share of 1.1 percent of GDP at the end of the forecast ...

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