PENSIONS
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Hungarian Minority Party Asks IMF To Approve Wage, Pension Hikes In 2012
The Hungarian minority party UDMR, part of Romania’s ruling coalition, will ask the International Monetary Fund (IMF) to approve public wage and pension hikes in 2012 and oppose the enforcem...
Boc: Government May Look Into Slightly Raising Public Wages, Pensions If Economy Allows It
The Romanian Government will look into slightly increasing public wages and pensions providing the economy is stable and registers growth, Prime Minister Emil Boc said Monday.
Romanian Constitutional Court Upholds Law Freezing Public Wages, Pensions In 2012
Romania’s Constitutional Court on Wednesday upheld the law freezing public sector wages and pensions next year, which the opposition had contested.
Ialomitianu: Romania Might Increase Funds Allotted To Investments In Spring 2012
Romanian Finance Minister Gheorghe Ialomitianu said Tuesday additional revenues that might result after the budget execution in the first months of 2012 will most likely be directed to inves...
Special Pension Mystery Solved: 45-Year Seniority For 43 Year-Old Pensioners
The Fiscal Council confirms what Ziarul Financiar said when it raised the issue of the increase in spending on special pensions as a result of the pension reform
Fiscal Council: Special Pensions Rose 30% After Recalculation
The average monthly pension paid to the 159,000 Romanian former military staff and police officers increased over 30% after recalculation, to 2,289 lei (EUR525) from RON1,755, although the L...
Raising Pensions, Wages In 2H Of 2012 Would Violate Romanian Fiscal Responsibility Law
Raising pensions and wages in the Romanian public sector in the second half of 2012 would violate no less than five provisions set through the fiscal responsibility law, including the interd...
Private Pension Regulator Council Validated By Vote Of Majority Of MPs In Attendance
The leaders of Romania's private pension system regulator (CSSPP) will be appointed by the vote of the majority of MPs present during their validation, no longer requiring the support of the...
Military Personnel Must Join Private Pension Fund Within Seven Months
Romanian military personnel, police agents and special employees of the defense and prison administration systems will be required to sign up for a private pension within seven months, with...