Minister of Labor: The money from any pension pillar is not savings deposit. Great, so to speak!
Petre Florin Manole. Photo: Inquam Photos / George Călin
The Minister of Labor, Petre Florin Manole, argues that the deficit to the pension budget amounts to 4 billion lei in the first half of 2025, given that the Government has collected the social contributions in Pillar 1 and Pillar 2. As far as the Romanians cannot withdraw their amounts in Pillar 2, the Minister of Labor answered: With a lot of money, you make a deposit and you get them when you want.
Manole made these statements in a show broadcast on Saturday on Prima TV.
Answer a question, the Minister of Labor said that the system will not collapse with the “decree” wave to retire in the coming years.
“Because the contributions to the pension budget have increased and will continue to grow. (…) The difference between pillar 1 plus pillar 2 and, on the other hand, the entire pension expense, the entire pension budget, is not very large. Only we should not look at Pillar 1 versus budget. Pillar 1 plus pillar 2 versus the expense on the pension budget, the minus is 4 billion lei.
Asked if he agrees that a person who is in retirement will be able to benefit, initially, only 30% of the money he contributed to Pillar 2, he pleaded for the monthly payment: “We have the law that we can get it over for 8 years. I want to take my pension as I contributed to it.
Questioned what responds to a person who says he wants to benefit, at the retirement, the whole amount of Pillar 2, the Minister of Labor replied: “The money from the pension budgets, any pillar, are not a savings warehouse. Romanian.
