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Image header Agence Europe
Europe Daily Bulletin No. 11906
Contents Publication in full By article 14 / 34
ECONOMY - FINANCE - BUSINESS / Finance

PensionsEurope concerned at reduction in contributions to private pension scheme in Romania

On Wednesday 15 November, PensionsEurope sounded the alarm at the recent decision of the Romanian government to reduce the level of social security contributions paid into private pension schemes to 3.75% of employees' gross pay, from 5.1% at the moment, even though the 2008 law on pensions provided for contributions to represent 6% in 2017. The organisation calls upon Romania to stick to its previous course and has launched an appeal to all member states.

“Romania has been able to build...

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