Measures for private pensions in the new governance programme proposed by Eugen Tomac

Designated Prime Minister Eugen Tomac has publicly presented his governance programme "Edition I", which includes significant measures for the economy and business environment, with a direct impact on senior citizens and the pension system.

Among the key proposals is an increase in the tax deductibility of contributions to Pillar 3 private pensions, a measure that could encourage more Romanians to invest in voluntary private pension schemes. This change would allow Romanians to deduct larger amounts from their income tax for private pension contributions, providing a fiscal incentive for long-term saving.

The programme also includes an extension of the deadline for applying the reduced VAT rate of 9% to contracted apartments, a measure that could facilitate access to housing for all age groups, including families planning their future alongside elderly parents.

Additionally, the designated Prime Minister proposes introducing differentiated treatment for taxpayers with a strong compliance record, a measure that could simplify administrative procedures for pensioners who meet their tax obligations.

With regard to the public sector, the programme provides for the cessation of 13th and 14th salary payments and unjustified bonuses in wholly state-owned companies, a decision that could contribute to optimising public expenditure and redirecting resources towards priority sectors, including the pension and healthcare systems.

The programme also includes measures to improve the legal framework for small and medium-sized enterprises, which could support the economy and, by extension, contributions to Romania's pension system.