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Adrian Codirlaşu, Vice President of CFA Romania: The pillar of public pensions is very disadvantageous, you can see that it is a tax, we do not receive even half of what we contribute.
Adrian Codirlaşu, vice president of CFA Romania, considers that Pillar I – public pension, but also Pillar II – mandatory pension, will not be able to guarantee a decent life to taxpayers when they retire and therefore gradual migration to a pension system private and increasing the proportion of the salary transferred to this system is a solution.
“The pillar of public pensions is very disadvantageous, it is clear that it is a tax, we do not receive even half of what we contribute. The solutions that the state has at hand, also used internationally, and of which it will probably implement a combination, are to raise taxes, increase the retirement age, limit or lower public pensions, “Adrian Codirlaşu said at an event. in which several financial analysts discussed the current pension system. “Whatever the combination, it is certain that the future public pension will be smaller, more expensive and will come later. The solution is to gradually move to a private pension system and increase the part of the salary allocated to the private system “, says Adrian Codirlaşu.
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