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Article: Private pension funds could enter the market soon.
- Article from:
- Bucharest Daily News (Bucharest, Romania)
- Article date:
- March 23, 2006
CopyrightCOPYRIGHT 2006 Bucharest Daily News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Adrian Hamzescu
Mar. 23--Small contributions to a private pension fund could increase pensioners' revenues.
The first payments to private pension funds could be made by mid 2007 as the draft law regulating the sector could be approved by the end of this parliamentary session.
Presently, the draft law is undergoing approval procedures in different ministries and the government could endorse the document by the end of next month, stated Mihai Seitan, the president of the National House for Pensions and Social Security (CNPAS) Mihai Seitan. The funds would allow private companies to manage a part of the employees' contributions for social ...
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... ... advantaged basis should consider a Private Pension Plan. You may invest in this plan ... can invest in qualified plans. The Private Pension Plan contribution, however, is not ... withdrawals. Withdrawals from the Private Pension Plan can be made at any time without ...
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