Pillar 0 would be destined for elderly people who have not contributed to the pension system, including housewives or those who were employed on the black market and have no income upon retirement.
Seitan said the money for these pensions would be allotted from the state budget.
Referring to the public pension system, Seitan said it will last until 2070-2080. As regards mandatory private pension Pillar II, the state secretary said it is working correctly and earning a profit, unlike the voluntary private pension Pillar III, which is running „timidly.”
Seitan made the statements during a debate seeking to find solutions to reform the pension system, set up by the Cartel Alfa union, the Advocacy Academy and the Association for the Development of Female Entrepreneurship.
During the debate, Tarom technical union general secretary Aurel Curdov proposed the introduction of a new pension pillar, Pillar -1, with a budget created by allotting 1% of the commissions collected by banks when employees make payments through cards.