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Reuters Exclusive: Romania's pension system needs complete overhaul - Finance Minister

Romania’s state pension system needs a complete overhaul focused on contributions and private funds to become sustainable, Finance Minister Florin Citu said in an interview with Reuters on last Tuesday. The European Union state overhauled its communist-era pension system in 2008, making it mandatory for all working Romanians under 35 to contribute to private pension schemes as well as their state pension. The liberal ...

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