Can I change the private pension fund administrator?
Yes. The accumulated savings can be transferred to another Pillar II fund, under the conditions provided by law.
Are there any fees if I switch to another fund?
Yes, if the transfer takes place before you reach 2 years with the current fund, the administrator may apply a transfer penalty of up to 5% of the value ...
What happens to my Pillar II funds if I change jobs?
Your Pillar II account remains yours. If your new job involves paying social contributions in Romania, the contributions will continue to be paid ...
What happens to my Pillar II account if I leave the country?
The amounts accumulated in your Pillar II account remain your property and continue to be managed according to the fund's rules.
Can I withdraw money from Pillar II before retirement?
No. Pillar II is designed as a savings system for retirement, and access to funds is regulated by law (retirement at the limit ...
What happens to my money if something happens to me?
The amounts accumulated in the Pillar II account are inheritable and can be claimed by legal or testamentary heirs, according to legal provisions.
Why is it important to check your Pillar II account regularly?
Because it’s your money. A periodic check helps you know how much you’ve accumulated, who manages your fund, and how your savings evolve over time.
Are my contributions enough for the pension I want?
Pillar II is an important part of retirement income, but not the only one. Many Romanians choose to supplement the savings accumulated here with other ...
How do I find out which Pillar II fund I contribute to?
You can quickly check this in BT Pay or on the Financial Supervisory Authority (ASF) website, using the fund identification option at ...
Why should I care about Pillar II if I still have many years until retirement?
Because a pension is built over time, through monthly contributions and their long-term accumulation. The earlier you start tracking the progress ...
If I was a participant in the former BRD Pensii fund, what does the transition to Pensia Noastră mean?
For participants, nothing changes regarding accumulated savings, contributions, or entitlements. Only the name has been changed ...
Do I need to do anything if my Pillar II fund is now called Pensia Noastră?
No. The change to the new name is automatic and requires no action from participants.
