PENSION
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Three Low-Profile Execs Have EUR17B Of Romania’s Budget In Their Hands
The institutions in charge of pensions, health insurance and highways, which have total budgets of over EUR17 billion, are run by three executives who have been politically appointed by ruli...
Romania, An Economic Anomaly: Retirees Outnumber Employees
Deindustrialization and the loss of jobs in the last twenty years have caused an anomaly for an economy and society, which has more retirees than employees and can only run on a deficit.
2.3Mln Romanians Had No Contributions Transferred To Mandatory Pension Accounts In June
Some 2.3 million of the 5.9 million Romanians holding mandatory private pension accounts (Pillar II) paid no contributions in June, because they either have no job or are working based on no...
Romania Had 5.43 Mln Pensioners In 1Q, Average Pension 3.8% Higher On Year
Romania had 5.433 million pensioners in the first quarter of the year, 98,000 fewer than in the similar interval a year ago, and the average monthly pension increased 3.8% to 795 lei (EUR177...
Average Amount Accumulated In Five Years For Private Pension: EUR421
Over 5.8 million Romanians collected an average of 1,861 lei (EUR421) after five years of mandatory contributions to private pension funds, with the amount raised so far being enough to buy...
Basescu Passes Law Increasing Public Pensions
Romanian President Traian Basescu has passed the law increasing public pensions, the Presidency said in a statement Tuesday.
Mandatory Private Pension Funds Post RON336M Profit In 1H
Romania's mandatory private pension funds (Pillar II) reported net profit of 335.81 million lei (EUR75 million) in the first half of 2012, up almost 2.5 times on the RON138.94 million posted...
Romanians Have EUR1.7B In Private Pension Accounts
The nine mandatory private pension funds (Pillar II) were managing 7.5 billion lei (EUR1.7 billion) at the end of April after RON260 million entered the accounts of the 5.6 million contribut...
Pensioners Might Be Refunded For Healthcare Contributions In 16 Tranches - Sources
Romania's Government and the IMF have discussed refunding pensioners their health insurance payments in 16 installments, corresponding to the 16 months (January 2011-April 2012) during which...