Romanians will be obligated to choose a private pensions’ fund, as of August and they will already be able to choose a facultative private pension as of May.
Employees will contribute to the state for the mandatory private pension funds but facultative private pensions’ funds will get an average of 80% from last months incomes.
Romanians can choose as of next month a fund for a private facultative pension, and, as of August this year, employees aged up to 35 years old will have to choose a private pensions’ fund to secure their future.
The state ‘s pensions’ system will keep going but with fewer and fewer resources .
Romanians will have pensions through three channels: one from the state, one private an another optional, still private but it depends on their choices, the sum they will invest as of August, and last but not least, the employee’s age
Employees that are over 52 years old will have to do with only the pension from the state that is not grow too much in the following years.
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