PENSIONS
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Ponta Says All Pensions Will Be Raised By 3.76% In 2014
Romanian Prime Minister Victor Ponta Monday said all pensions will be increased by 3.76% in 2014.
Romanian Financial Supervision Body Says Private Pension Fund Stock Investments Are Safe
Romania’s Financial Supervision Authority (ASF) said Thursday it has not identified any problems with shares held by private pension funds and their assets are safe.
Romanian Magistrates Sentenced For Corruption To Lose Special Pensions
The Romanian government approved a bill Tuesday stripping magistrates found guilty of corruption of special service pensions.
BCR Pensii CEO: Private Pension Funds Must Find A Balance Between Resources And Payments
Private pension funds in Romania should already start finding a balance between the amounts engulfed by the system from participants’ contributions and the amounts to be paid as pensions at...
Gross Minimum Wage, Pensions Higher In Romania Starting Friday
The gross minimum wage in Romania has been increased by 50 lei (EUR11.4) Friday to RON 750 and will be further raised to RON800 in July.
Romanian Parliament OKs Pension Hike
The Romanian Chamber of Deputies adopted Tuesday the emergency ordinance on amending the public pensions system, which sets the pension point value to 762.1 lei (EUR175) in 2013.
Government Wants To Raise Military Pensions Cut After Recalculation, IMF Objects
The Romanian Government wants to raise military pensions which were cut following recalculation, but International Monetary Fund representatives disapprove of the proposition, people close t...
Mandatory Private Pension Funds Posted 11.54% Yield In May ’08-Aug ‘12
The average annualized yield of Romania’s mandatory private pension funds (Pillar II) reached 11.54% between May 2008 and August 2012, according to the Pension Fund Association (APAPR).
Public Pension System Unable To Ensure Decent Pensions For Those Born In The '60s/'70s
The public pensions of Romanians born between 1966 and 1971 will not exceed 15% of their last wages, as the current resources of the country’s public pension system do not allow for more, an...