Bucharest 18 February 2017
Trainer: Daniela Theodor
The transition to a private pension system based on the principal of undefined benefits within the pension system in Romania raises two major problems.
The first is the transition from the old system of organization of the public pension system in Romania, characterized by the principle of solidarity, to a system characteristic of modern society, developed to relieve the state budget and give people an extra income in retirement – the private pensions system.
The second problem lies in facing difficulties arising from the transition process itself, complementing the public pension first pillar with two categories of private pensions - Pillar II and Pillar III.
The course aims to provide to students the knowledge and the key and specialized elements of the organization and functioning of private pension system, the applicable law institutions, as well as the specificities resulting from the doctrine and cases treated so far, in order to contribute in acquiring specific skills for addressing the issues raised by individuals or juridical persons, in different cases covering situations of collision occurring in the private pension system.
During the course, addressing the elements and specific reports for the domain is done in a friendly and dynamic manner starting from the legislation and up to the dedicated solutions, all the participants being trained in an assertive, proactive and participatory behavior, according to their personal or professional needs.
This program addresses to a variety of persons such as:
I. The legal framework for private pension system / voluntary pension system
II. Highlights of the implementation of the private pension system. The authority in the field.
The need to implement
The private pension system versus the public pension system – Essential elements
III. The main actors of the private pension market and their role: private pension fund; participant; beneficiary; administrator; depository; broker; marketing agent; auditor
Notion. Legal regime. Role
Authorization / Approval / Withdrawal
Licensing / Bankruptcy / Execution
Eligibility / Entrance into the system / Withdrawal from the system
Requirements for setting up, operation, termination / cancellation, merger
Rights and obligations granted by the legal framework
IV. The relevant documents functioning private pension system: the articles of association; individual act of accession; private pension scheme prospectus; contract administration; investment policy statement; storage contract.
Notion. Legal regime
Authorization / Approval
Signing, execution, amendment, termination of contract
V. The organization and functioning of the private pension system: managed privately / optional
Corporate governance principles
Exceptional situations on the supervision and special organization of a pension fund administrator
VI. The rights and obligations of participants to the private pension funds / optional funds
Correlative rights and obligations
VII. The rights and obligations of managers of the private pension funds / optional funds
Correlative rights and obligations
VIII. Fund for guaranteeing the rights of the private pension system
IX. Legal liability. Offenses and crimes in the private pension system. Penalties
Forms. Elements and conditions
Features / Particularities
Differences and similarities to other forms of legal liability
X. Comparative issues for those two categories: privately run / optional
XI. Case studies
Daniela THEODOR – has built her career as a trainer from a solid experience in the field: 11 years in the financial system. A graduate of Law School, Master in European Studies, Finance and Banking Studies and postgraduate studies in psycho- pedagogy, authorized mediator, practicing since 2001 in legal and human resources, she conducted a specialized activity in consumer protection including financial services, since 2005 at ANPC.
Starting with 2007, she has focused on non-bank financial system - private pension market, joining the management team at CSSPP as Director of Legal and Human Resources. Since 2014, within ASF, she was dedicated to the protection of consumers related to private pensions market, contributing to the construction and achievement of the necessary projects.
Since 2006 she is engaged in Lectureship, in close connection with her competence, gaining experience so far as a lecturer in the areas of: consumer, labor and social security and financial education - financial services non-banking within several seminars and workshops.
The program lasts for 6 hours and will take place in the 18th of February 2017, between 09:30 - 16:00.
The investment for this program is of 390 lei + VAT/participant and includes: course materials, coffee break, snack, participation certificate.
At the above fee the following discounts will be granted:
The discounts can be cumulated.