Romanian Govt Ups Justice Min Budget To Cover Pension Costs

Romania's Government has increased the budgets of the Ministry of Justice, Foreign Intelligence Service (SIE) and Special Telecommunications Service (STS) by more than 35 million lei (EUR1=RON4.1902), to cover the higher pension fund contribution rates.

14 views

According to the Government's decision, the Justice Ministry will receive an extra RON29 million, SIE - RON2 million, and STS - RON4.7 million.

The pension law, which entered force this year, increases the pension contribution rate paid for employees of the defense, public order and national security systems to 10.5%, from 5% previously.

The same law says the higher rates must not affect these employees' net salaries.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.