Caramitru says the government can't limit people's access to Pillar II money, but it can impose fees on withdrawals above a certain threshold, encouraging people to stay invested. He suggests the money could be used as collateral for loans and criticizes the excessive proportion of funds invested in government bonds, suggesting diversification into equities and alternative funds. Mr Caramitru also believes the percentage of contributions to Pillar II should be increased, especially for young people.
Sources
Latest News
07:46
Fire at Fundeni Clinical Institute: 37 patients evacuated
07:33
The Pentagon fires the editor-in-chief of the military newspaper "Stars and Stripes" for insubordination.
07:16
TikTok and ByteDance have agreed to pay 400 million dollars to settle allegations of violating children's privacy protection laws.
23:04
Dinamo Bucharest defeated SCM Poli Timișoara 35-25 in the first semifinal of the Romanian Supercup, marking the debut of the new season.
23:01
Rapid Bucharest defeated Petrolul Ploiești 2-0 in the first match of the sixth round of the Super League
See more news