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PM Dancila: completion of legislative framework for Pillar II pension system, a priority in the quarter ahead

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Completing the legislative framework for the development of the Pillar II pension system is one of the priorities of the quarter ahead, Premier Viorica Dancila announced on Thursday.

"Completing the legislative framework for the development of the Pillar II pension system is one of the priorities in the quarter ahead and we will make sure that no public pension is trimmed for Pillar II contributors," Dancila said at the beginning of the government meeting.

She specified that a team has been set up, tasked with discussing with private pension managers and the associations of beneficiaries.

"We set up a team that discusses with private pension managers and the associations of beneficiaries, in order to set in place a new, European framework with larger openness to savings and investment. We set ourselves as a target to have this new legal framework approved by the Financial Supervisory Authority by the end of Q2 and then submit it to the government for approval," Dancila said.



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