PENSIONS
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Ruling Party Leader Denies Plans For Abolishing Pension Pillar II
Romania ruling party PSD leader and Lower Chamber speaker Liviu Dragnea on Monday said there are no plans within the Government or the ruling PSD – ALDE coalition to abolish Pension Pillar I...
Romanian Lower Chamber Adopts Amendments To Pension Law
Romanian lawmakers on Tuesday adopted a package of amendments to the pension law which stipulates that income from independent activities, such as copyright and artistic creations, can add u...
Romania Plans To Raise Minimum Gross Wage To RON1,900 As Of Jan, But Puts Off Minimum Pension Rise
The Romanian government plans to raise the minimum gross wage to RON1,900 as of January 1, 2018, but it will put off increasing the guaranteed minimum pension to RON640 for July 1, 2018, com...
Romania's Mandatory Private Pension System Had Average Annual Yields of 9.1% Since Inception
Romania's mandatory private pensions system known as Pillar II had annual average yields of 9.1% in the ten years since its inception and amassed assets totaling RON38 billion for its seven...
PM Says State Pensions Have Better Yields Than Private Pensions
Romanian Prime Minister Mihai Tudose said he called for impact studies on lowering social security contributions to mandatory private pensions after the finance ministry said state pensions...
Fin Min Says Romania to Eliminate Mandatory Private Pensions; PM Denies
Romania's proposed finance minister Ionut Misa said Thursday the government will eliminate the mandatory private pension system known as Pillar II. The prime minister later denied any such p...
Balcerowicz: Romania Should Be Congratulated For Keeping Its 2nd Pension Pillar
Romania and other economies that introduced and preserved the second pension pillar should be congratulated for their initiative, particularly considering that the population is aging steadi...
New Cabinet To Endorse Pension System Based On Individual Savings Accounts
Romania’s new Ponta III Cabinet pledges to support the development of a durable pension system based on individual savings accounts, according to the new governing program.
Romania Plans To Raise Average Net Wage By At Least 5% In 2014 And 2015
The average monthly net salary is set to increase by at least 5% in 2014 and 2015, while the average monthly pension is expected to exceed EUR200 in 2014 and to go up by 4.5% in 2015, the Ro...