PENSIONS
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Romania Halts Certain Pension Raises Until 2014, Over High Additional Expenses
Romania's Government will block certain pension raises, which would have taken effect next year, until 2014, arguing that the lack of a "sustainable framework" for the pension law's applicat...
Romanian Pensioners Welcome Solidarity Basket Program, Want Pensions Adjusted For Inflation
Romanian pensioners support the "solidarity basket" program recently approved by the Government and consider that pensions should also be adjusted for inflation starting September 1.
Defense Minister: Over 90% Of Military Pensions Higher After Recalculation
The Romanian Defense Ministry completed the process recalculating the pensions of military staff on June 1, Defense Minister Gabriel Oprea said Thursday.
Boc: Taxes On Pensions Over RON740 Kept Into Next Year
Romanian pensioners receiving at least 740 lei (EUR179) will have to pay social health insurance contributions next year as well, Prime Minister Emil Boc said Thursday on Realitatea TV.
Boc: New Invalidity Pension Registrations Down 53.9% On Year
The number of invalidity pensions newly registered in Romania dropped 53.9% on the year after new legislation was enacted, in July 2010, acting Labor Minister Emil Boc said Friday.
Romanian Private Pension Association APAPR Elects New President
Cornelia Coman, chairwoman of the board of Romanian pension administrator ING Pensii, was elected Thursday president of the Private Pension Administration Association (APAPR) for a three-yea...
Romania To Introduce Ethical Codes In Pension Fund Management
Romania's Government will issue "ethical codes" applying to private pension fund management, in an effort to improve public confidence in fund administrators and ensure that contributors' mo...