When reaching retirement, some salary earners will be able to receive optional or voluntary pensions besides the state pension offered on the basis of mandatory social insurance contributions. This will happen if the companies where they worked will make payments to the optional pension fund during the employees’ service. The creation of such a fund is provided in a bill with amendments to the pension system, IPN reports.

According to the chairman of the Parliament’s commission on economy, budget and finance Veaceslav Ionita, such a pension system is used in the European countries. “In many European states the companies make so-called voluntary payments in order to stimulate the employees, guaranteeing an additional pension for them,” he stated.

The working group that drafted the bill determined that if the companies make payments to the optional pension fund, this fund may collect up to 400 million lei annually. The state can offer these companies certain concessions such as the annulment of taxes for costs incurred for feeding and transporting the employees.

The bill was approved by the Government and is to be debated in Parliament.