Gov't announces reduction of Pension Pillar II management fee from 2.5pct to 1pct, APAPR reacts
Publicat:Management fee for Pension Pillar II will decrease from 2.5 percent to 1 percent, and a person can withdraw from a pension fund, on individual demand, after a minimum of five years of participation, Finance Minister Eugen Teodorovici announced at Victoria Palace on Tuesday.
The provision is contained in an emergency draft for fiscal-budgetary measures, which is to be adopted by the Government by the end of this year.
"Moreover, the administration fee, which is 2.5 percent today, will drop to 1 percent. And you will see in the text of the ordinance and, as I was saying, the explanations…
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