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KPMG: Pensioner-to-worker ratio at 1.74 in 2050, private pension a must due to falling old-age support rate

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Romania's pensioner-to-worker ratio will reach 1.74 in 2050, in a surge from 0.3 in 1990, shows a KPMG survey presented on Thursday at a press conference by , KPMG audit & assurance partner. 
"In Q1 2018 we worked out a survey that extensively deals with the importance and benefits of life insurance and private pension schemes to the society and the individual. Speaking of pension Pillar II, the survey shows that such a system is a necessity. More precisely, demographics is the essential element that results in the need for such a pension system. Such demographics are not…

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