C.S.S.P.P. is the specialized and autonomous public authority dedicated to inspecting and regulating the functioning of the private pension system, under control of Romanian Parliament, founded through the Emergency Ordinance no.50, from the 9 th of June 2005, approved by the Law no. 313 from the 10 th of November 2005.

The Commission’s Council

C.S.S.P.P is governed by a 5 member Council, named by the Parliament, including the Council President and the Vice – president.
The executive management of C.S.S.P.P is provided by the Executive Manager, named by the Council of the Commission.

Mission
The mission of this state supervisory body will be:

• to protect the interests of those affiliated to the Pension System, by assuring an efficient functioning of this system.
• authorizing and supervising the activities carried out in the Pension System.

Vision
A stable, reliable pension system that:

• Will ease the pressure on the social security public budget
• Stimulating economic growth through investing the pension fund money
• Developing the securities market
• Creating new jobs, decrease on the unemployment phenomena

Main functions:

• Authorize, suspend, or withdraw functioning licences from Pension Companies, Annuity Providers and Depositories, where necessary,
• Overall surveillance of the private pension system,
• Control of all the activities carried out in the Private Pension System,
• To make sure that the contributions are payed by the employer to the Pension Funds,
• Issue regulations on the organization and operation of the Pension System, to issue and/or comment on legislative projects/initiatives regarding the supervision of the Private Pension System field:
• Regulate the investments of the Pension Funds,
• Protect the participants to the Pension Funds,
• Redraw licenses of the Administrators of the Pension Funds,
• Investigate the source of the paid – up capital by the founders,
• Supervise the Reserve fund,
• Supervise the Custodians and Asset Managers of the Pension Funds,
• Asses the actuarial cost methods,
• Plan and define the control procedure, the internal procedure of solving the notifications and contests,
• Control the organization, book-keeping and administrating the assets and liabilities, of the Pension Founds, separate from the administrator's,
• Verify the existence at every administrator in part, of very clear administrating procedures and book-keeping procedures, and also a right mechanism of internal control,
• Drafting and updating of the Public Registry
• Approve the Asset Manager, who will protect the interests of those affiliated and of the beneficiary of the Pension Founds Assets,
• Informing and educating the people about the private pension system.