APAPR hits out at low contribution levels

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ROMANIA - Workers have missed out on an opportunity to capitalise on recent double digit returns because contribution levels are too low, the country's pension funds association (APAPR) says.

Mandatory (second pillar) pension funds returned an average of 11.31% in the first eight months of 2009, and voluntary (third pillar) schemes posted an average of 10.73% during the same period, acc...

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