Author: Dan Constantinescu

 Pages: 7-21Introduction. The evolution of Romania’s pension system has followed a complex and often inconsistent legislative path, beginning with two unimplemented laws, and later progressing to the introduction of a multi-pillar system. Initially accompanied by optimism, the momentum behind pension reform soon faded, resulting in significant delays in implementing crucial regulations, such as the law on the guarantee fund. It was not until 2020 that substantial progress was made with the introduction of laws on occupational pension funds and the pan-European personal pension product (PEPP).Aim of the study. This paper aims to assess the impact of Romania’s evolving legislative framework,…