Influence of Contribution Rate Dynamics on the Pension Pillar II on the evolution of the unit value of the net assets of the NN pension fund

Constantin Durac
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Constantin Durac: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2017, vol. 1, issue 45, 130-142

Abstract: As political decision-makers have recently proposed among other measures the reduction in the share of privately managed private pension funds (Pillar II) in Romania from 5.1%, currently at 2.5%, starting with January 2018, I propose to analyze through a unifactorial regression model the influence of the Pillar II contribution share on the unit value of the net asset (VUAN) and thus on the pension that the future pensioners of Pillar II will receive. I'm looking to get an econometric model that can be used to make forecasts and using specialized software to predict the VUAN level on December 31, 2017, given that the share of contributions will remain at 5.1%. At the same time, I intend to predict VUAN for the end of 2018, as from 1 January 2018 the quota will increase to 6%, but also if the quota drops to 2.5%.

Keywords: Pilar II; Net Asset Unit Net Value; pension found; econometric model; linear regression. (search for similar items in EconPapers)
JEL-codes: G23 G28 G29 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2017:i:45:p:130-142

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