PensionsEurope warns about the plans to devastate Romanian DC pension plans

PensionsEurope and its Romanian Member Association (APAPR) are very much concerned about the reform of the Romanian mandatory second pillar pension system introduced by the government at the end of December 2018. That pension reform e.g. envisages new disproportionate capital requirements for pension funds which PensionsEurope finds highly political.

In the press release published on 30 January 2019, PensionsEurope calls on Romania to withdraw its plan to introduce new 10% capital requirements for the Romanian DC plans, as they would devastate their current stability and good results and together with other reform proposals, destroy Romanian second pillar DC pension plans. That would be contrary to the European policy recommendations which highlight the importance of strengthening supplementary pensions in order that all Europeans would have an adequate standard of living in retirement.