PENSIONS
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Boc: Government Held No Talks On Introducing New Taxes To Allow For Pension Hike
Romanian Prime Minister Emil Boc said Thursday the Government has not held talks on introducing new taxes to allow for future pension increases.
Romania Considers Raising Pensions By 6.5% In 2012
Romania’s Labor Ministry has drafted a budget that raises pensions by an average 6.5% in 2012, which would cost the state budget an extra 3 billion lei (EUR680 million), minister Sulfina Bar...
Parliament Committees Reject Act Taxing Pensions Over RON740
The Romanian Chamber of Deputies’ committees for labor and health on Tuesday rejected for the second time Government emergency ordinance 107/2010 whereby pensioners earning at least 740 lei...
MPs Submit Bills To Let Unions, Employers Manage State Pensions, Unemployment, Health Contributions
A group of Romanian lawmakers have submitted three bills that would let unions and employers’ associations manage national pension, unemployment, and social security funds.
Romania Has No Plans To Tax Pensions, PM Says
Romanian Prime Minister Emil Boc said Saturday at a party meeting the Government has not included any plans to tax pensions in its draft state budget for next year, denying recent media alle...
Basescu: Pension Indexation Impossible When Deficit Hits EUR3.6B
Romania cannot adjust pensions when it has a public pension deficit of EUR3.6 billion, Romanian President Traian Basescu told private television ProTV.
Parliament Committee Rejects Health Insurance Contributions For Pensioners
The committee for labor matters in Romania’s Chamber of Deputies on Wednesday voted down a Government ordinance that introduced a 5.5% health insurance contribution for pensioners with 740 –...
Lazaroiu: 2012 Pension Indexation Depends On 3Q Results
Romanian Labor Minister Sebastian Lazaroiu said Tuesday that, although the Government has approved raising pensions according to inflation and 50% of the raise in gross wages in 2012, 2013 a...
Pension Reform Widens Pension Fund Gap By EUR1B. What Did The Reform Mean, Then?
The much-talked about pension reform is adding EUR1 billion to the pension fund gap. While last year, during discussions about the new pension law, officials maintained reform would mean add...