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Reuters: Romanian government may cut private pension contributions

Romania was analyzing whether to cut contributions to mandatory private pension schemes from next year and redirect some of the funds into state coffers, the prime minister said on Friday quoted by reuters.com Romania overhauled its communist-era pension system in 2008, making it compulsory for working Romanians under 35 to contribute to a “second pillar” of private pension schemes as well as their state ...

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