Why schimb Is Trending Today?

The Pilonul II pension system has been a subject of controversy and debate in Romania. The government, led by Prime Minister Bolojan, proposed changes to the system, including the elimination of the option to withdraw all funds at retirement, which was met with strong criticism from various political parties, including the National Liberal Party (PNL). Analysts argue that a system like Pilonul II, which allows for accumulation, would not be efficient if most participants were to withdraw all their money at retirement. The changes also sparked a dispute with the Financial Supervisory Authority (ASF), with the government attempting to pass them through a government decision. The proposed changes affect around 8.3 million Romanians with a total of 171 billion lei in their accounts. Critics, such as Gabriela Horga, a senator from PNL, and Florin Roman, also from PNL, have accused Bolojan of harming the Pilonul II system and acting in a non-liberal manner. The changes would introduce a lifelong pension option, replacing the current possibility of withdrawing all funds at once. The government has defended the changes, stating that they aim to ensure the sustainability of the pension system.