70% of the money from the private pension will be paid monthly for a maximum of 8 years. But how many years of healthy life does a Romanian have on average after retiring?
On 9.3 million people concern the change made by the government recently regarding Pillar II and III of pensions. People will take 30% of money at 65 and the thick of money up to 73. Statistics show that much of money will be collected when the lives of these people are already affected by diseases. This is because Romanians benefit from only 3.8 years “healthy life expectancy” after retiring at 65. Under these conditions, why is the private pension, in fact?
The government approved the changes to the draft law on the payment of private pensions for the over 8.3 million Romanians who have mandatory pensions (Pillar II) and almost one million with optional private pensions (Pillar III). “The withdrawal of a maximum of 30% of the accumulated amount will be allowed, and the rest of the money will be able to pay monthly for a maximum of 8 years,” sources that participate in the Government meeting on Thursday told HotNews.
According to Eurostat data, Romanians have the lowest healthy life expectancy when retiring – only 3.8 years old, compared to the European average, which is almost 10 years old.
Also, life expectancy at 65 has been in Romania for 17.3 years, relatively close to the European average that is 20 years old.
The main standard of life expectancy is increasingly represented by the quality of the medical services provided by the public health system.
“Here, we can talk about access to medical services, the share of medical units, respectively the health of the elderly.
Compared to men, women in Romania live longer, but in a more precarious state of health
Thus, the life expectancy of the Romanians was less than 7.8 years old than the Romanians, and the expectation of healthy life at birth, of men was less than 0.9 years old than that of women.
Compared to men, women live longer, but in a more precarious state (having a larger number of years moderately or severely limited).
“This theme of population aging is one of the topics that, unfortunately, is not discussed in all its complexity.”
“The negative demography is discussed, about the fact that there will be the generations of the decree that will retire soon … Everyone looks at the pressure on the public pension system, which is correct. An important impact will exist on the public pension system, because all these people who today contribute to the public pension system, with the retirement, will become the public, who will become the money, who will become the public, the money, the money, and BCR pensions, in a discussion with Hotnews.
He believes that the aging of the population is a very discreet theme, when it comes to the public agenda.
But there is little talk about the fact that people do not have their own savings, he says. About the private aspect that, in sum, can become a big social problem.
“I think a very important facet of these evolutions is lost: from the moment people go to retire, they do not save, but consume the economies they have. Or, those economies are nothing but capital invested through banks, through private pension funds … when they start to spend these capital,” he will spend this capital.
In order to capitalize, the Romanian companies should expand in the region. “Let's look at what other countries do. What is missing for Romanian companies to do this? Romgaz, Hidroelectrica or other companies that stay on cash, why not buy other companies from abroad, why not expand on other markets?”.
“How do you want to make Romania a geopolitical regional power without being an economic regional power? This does not exist. A governance is missing in which the Board of Directors has very clear mandates: in X years to be present on foreign markets,” believes Radu Crăciun.
